Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )
Current CR:CA Stock Info

Rob Morgan, Senior Vice President and Chief Operating Officer of Crew Energy Inc. (TSX: CR), presented today at EnerCom’s The Oil & Gas Conference 20®.

Crew Energy Inc. is a dynamic, growth-oriented exploration and production company, focused on increasing long-term production, reserves and cash flow per share through the development of its world-class Montney resource. Crew is based in Calgary, Alberta and its shares are traded on The Toronto Stock Exchange under the trading symbol “CR”.

Crew’s Q2’15 production of 17,656 BOEPD exceeded budgeted volumes, while funds from operations and netbacks were higher than the previous quarter. Cash costs fell by more than 33% compared to the same period in 2014.

During the company’s breakout session, management was asked the following questions:

  • What do you pay for pipeline availability?
  • Could you talk about the specific timeline for the Septimus program?
  • How do you see using the market for liquidity?
  • What’s your consideration now for your near-term projects?
  • What do you expect the company’s leverage to be at the end of 2015?
  • What’s the capital budget in 2016?
  • How confident are you in the development program once October and November roll around?
  • Could you talk any ongoing issues with the Canadian pipeline scene?

Click here for the webcast.


Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.