Price Target Changed • Aug 13
Price target increased by 11% to CA$6.99 Up from CA$6.27, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of CA$6.95. The company is forecast to post earnings per share of CA$0.35 for next year compared to CA$0.78 last year. Tillkännagivande • Aug 13
Tourmaline Oil Corp. (TSX:TOU) entered into an agreement to acquire Crew Energy Inc. (TSX:CR) from Equinox Partners LP, a fund managed by Equinox Partners Investment Management LLC and others for CAD 1.1 billion. Tourmaline Oil Corp. (TSX:TOU) entered into an agreement to acquire Crew Energy Inc. (TSX:CR) from Equinox Partners LP, a fund managed by Equinox Partners Investment Management LLC and others for CAD 1.1 billion on August 12, 2024. Tourmaline has agreed to acquire all of the issued and outstanding common shares of Crew in an all-stock transaction. The transaction is valued at approximately CAD 6.69 per Crew Share or CAD 1.3 billion, including Crew's net debt, which is estimated to be CAD 240 million (including closing costs). Under the terms of the Agreement, holders of Crew Shares will receive 0.114802 of a Tourmaline Share in exchange for each one Crew Share held.
The Board of Directors of each of Crew and Tourmaline have unanimously approved the acquisition. The transaction is subject approval of Crew shareholder. The completion of the transaction is subject to customary closing conditions including, without limitation, receipt of court approval and customary regulatory and stock exchange approvals including under the Competition Act (Canada). The transaction is expected to close in early October 2024 or on about October 1, 2024. It provides a significant high-quality addition to Tourmaline's South Montney asset base and is immediately accretive to the Company's key financial and reserve metrics, adding over CAD 200 million to Tourmaline's anticipated 2025 free cash flow.
TD Securities Inc. acted as financial advisor to Crew. TD Securities Inc. acted as fairness opinion provider to Crew. ATB Securities Inc. acted as financial advisor to Crew. ATB Securities Inc. acted as fairness opinion provider Crew. Peters & Co. Limited acted as exclusive financial advisor to Tourmaline. New Risk • Aug 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 22% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (22% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (23% net profit margin). Tillkännagivande • Aug 10
Crew Energy Inc. to Report Q3, 2024 Results on Nov 07, 2024 Crew Energy Inc. announced that they will report Q3, 2024 results After-Market on Nov 07, 2024 Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: CA$0.09 (vs CA$0.22 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.09 (down from CA$0.22 in 2Q 2023). Revenue: CA$75.1m (up 18% from 2Q 2023). Net income: CA$13.5m (down 60% from 2Q 2023). Profit margin: 18% (down from 53% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Tillkännagivande • May 17
Crew Energy Inc. to Report Q2, 2024 Results on Aug 07, 2024 Crew Energy Inc. announced that they will report Q2, 2024 results After-Market on Aug 07, 2024 Reported Earnings • May 10
First quarter 2024 earnings released: EPS: CA$0.07 (vs CA$0.27 in 1Q 2023) First quarter 2024 results: EPS: CA$0.07 (down from CA$0.27 in 1Q 2023). Revenue: CA$68.6m (down 24% from 1Q 2023). Net income: CA$10.6m (down 74% from 1Q 2023). Profit margin: 16% (down from 46% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions Derivative • Apr 12
Independent Director exercised options to buy CA$97k worth of stock. On the 8th of April, John Hooks exercised options to buy 20k shares at a strike price of around CA$4.73, costing a total of CA$96k. This transaction amounted to 19% of their direct individual holding at the time of the trade. John currently holds less than 1% of total shares outstanding. Company insiders have collectively bought CA$27m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Apr 07
Insider exercised options to buy CA$255k worth of stock. On the 1st of April, James Bowman exercised 106.77k options to receive shares at no cost, then sold around 52.65k of them at CA$4.67 each and kept the remainder. Since June 2023, James' direct individual holding has increased from 810.36k shares to 947.35k. Company insiders have collectively bought CA$27m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Mar 08
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: CA$0.78 (down from CA$1.73 in FY 2022). Revenue: CA$346.0m (down 37% from FY 2022). Net income: CA$119.7m (down 55% from FY 2022). Profit margin: 35% (down from 48% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Mar 08
Crew Energy Inc. Reaffirms Production Guidance for the Full Year 2024 Crew Energy Inc. reaffirmed production guidance for the full year 2024. For the year, the company expected average production of 29,000 boe to 31,000 boe per day. Tillkännagivande • Feb 29
Crew Energy Inc., Annual General Meeting, May 23, 2024 Crew Energy Inc., Annual General Meeting, May 23, 2024. New Risk • Feb 27
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$206k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Price Target Changed • Feb 12
Price target decreased by 8.4% to CA$6.66 Down from CA$7.27, the current price target is an average from 11 analysts. New target price is 66% above last closing price of CA$4.01. Stock is down 9.5% over the past year. The company is forecast to post earnings per share of CA$0.67 for next year compared to CA$1.73 last year. Recent Insider Transactions Derivative • Dec 18
President exercised options to buy CA$2.0m worth of stock. On the 12th of December, Dale Shwed exercised options to buy 465k shares at a strike price of around CA$4.25, costing a total of CA$2.0m. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. Since December 2022, Dale has owned 7.47m shares directly. Company insiders have collectively bought CA$6.9m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Dec 18
President recently sold CA$1.5m worth of stock On the 13th of December, Dale Shwed sold around 342k shares on-market at roughly CA$4.25 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Dale's only on-market trade for the last 12 months. Recent Insider Transactions • Dec 07
Insider recently sold CA$206k worth of stock On the 4th of December, Paul Dever sold around 43k shares on-market at roughly CA$4.80 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$312k. Insiders have been net sellers, collectively disposing of CA$1.3m more than they bought in the last 12 months. Recent Insider Transactions • Dec 02
Independent Director recently bought CA$371k worth of stock On the 27th of November, Ryan Shay bought around 76k shares on-market at roughly CA$4.90 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$1.2m more in shares than they bought in the last 12 months. Recent Insider Transactions Derivative • Nov 24
Executive VP & CFO exercised options to buy CA$464k worth of stock. On the 17th of November, John Leach exercised 174.66k options to receive shares at no cost, then sold around 85.00k of them at CA$5.51 each and kept the remainder. Since June 2023, John's direct individual holding has increased from 1.71m shares to 1.87m. Company insiders have collectively bought CA$6.6m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: CA$0.03 (vs CA$0.69 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.03 (down from CA$0.69 in 3Q 2022). Revenue: CA$57.1m (down 50% from 3Q 2022). Net income: CA$4.88m (down 95% from 3Q 2022). Profit margin: 8.5% (down from 93% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has increased by 133% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions Derivative • Oct 07
Insider exercised options to buy CA$398k worth of stock. On the 4th of October, James Bowman exercised 132.57k options to receive shares at no cost, then sold around 65.27k of them at CA$5.47 each and kept the remainder. Since December 2022, James has owned 810.36k shares directly. Company insiders have collectively bought CA$9.6m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Sep 22
Insider recently sold CA$312k worth of stock On the 19th of September, Kurtis Fischer sold around 50k shares on-market at roughly CA$6.18 per share. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$977k. Insiders have been net sellers, collectively disposing of CA$2.1m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Aug 31
VP of Finance & Controller exercised options to buy CA$518k worth of stock. On the 24th of August, Craig Turchak exercised 162.45k options to receive shares at no cost, then sold around 79.96k of them at CA$6.04 each and kept the remainder. Since December 2022, Craig has owned 100.92k shares directly. Company insiders have collectively bought CA$9.9m more than they sold, via options and on-market transactions, in the last 12 months. Price Target Changed • Aug 30
Price target increased by 7.2% to CA$7.73 Up from CA$7.21, the current price target is an average from 13 analysts. New target price is 23% above last closing price of CA$6.31. Stock is down 4.4% over the past year. The company is forecast to post earnings per share of CA$0.85 for next year compared to CA$1.73 last year. Recent Insider Transactions Derivative • Aug 21
Executive VP & CFO exercised options to buy CA$408k worth of stock. On the 14th of August, John Leach exercised 214.41k options to receive shares at no cost, then sold around 150.00k of them at CA$6.51 each and kept the remainder. Since December 2022, John's direct individual holding has decreased from 1.81m shares to 1.71m. Company insiders have collectively bought CA$9.5m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: CA$0.22 (vs CA$0.58 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.22 (down from CA$0.58 in 2Q 2022). Revenue: CA$69.7m (down 63% from 2Q 2022). Net income: CA$33.7m (down 62% from 2Q 2022). Profit margin: 48% (up from 47% in 2Q 2022). Revenue is expected to decline by 1.9% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 2.4%. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has increased by 150% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jul 07
Executive VP & CFO recently sold CA$548k worth of stock On the 30th of June, John Leach sold around 100k shares on-market at roughly CA$5.48 per share. This transaction amounted to 5.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. John has been a net seller over the last 12 months, reducing personal holdings by CA$708k. New Risk • Jun 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Recent Insider Transactions Derivative • Jun 08
Independent Director exercised options to buy CA$58k worth of stock. On the 5th of June, Gail Hannon exercised 24.00k options to receive shares at no cost, then sold around 12.60k of them at CA$5.07 each and kept the remainder. Since March 2023, Gail's direct individual holding has decreased from 64.61k shares to 26.61k. Company insiders have collectively bought CA$9.4m more than they sold, via options and on-market transactions, in the last 12 months. Tillkännagivande • May 12
Crew Energy Inc. Elects Brad A. Virbitsky as Director Crew Energy Inc. announced at annual general meeting of shareholders held on May 11, 2023, the shareholders elected Brad A. Virbitsky as Director of the company. Reported Earnings • May 10
First quarter 2023 earnings released: EPS: CA$0.27 (vs CA$0.009 loss in 1Q 2022) First quarter 2023 results: EPS: CA$0.27 (up from CA$0.009 loss in 1Q 2022). Revenue: CA$112.8m (down 8.2% from 1Q 2022). Net income: CA$41.4m (up CA$42.7m from 1Q 2022). Profit margin: 37% (up from net loss in 1Q 2022). Revenue is forecast to decline by 48% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has increased by 142% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • May 09
Crew Energy Inc. Reports Production Guidance for the Fourth Quarter and Full Year 2023 Crew Energy Inc. reported production guidance for the fourth quarter and full year 2023. For the quarter, the company achieve combined light oil and condensate production over 6,000 bbls per day in Q4/23, representing over 50% growth from Q4/22.For the year, the company maintain 2023 average production at 30,000 to 32,000 boe per day targeting an exit rate of 32,000 to 34,000 boe per day. Recent Insider Transactions Derivative • Apr 13
Lead Independent Director exercised options to buy CA$93k worth of stock. On the 10th of April, Karen Nielsen exercised 37.83k options to receive shares at no cost, then sold around 18.65k of them at CA$4.78 each and kept the remainder. Since June 2022, Karen's direct individual holding has increased from 198.26k shares to 203.91k. Company insiders have collectively bought CA$10m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Mar 09
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: CA$1.73 (up from CA$1.34 in FY 2021). Revenue: CA$505.5m (up 62% from FY 2021). Net income: CA$264.4m (up 29% from FY 2021). Profit margin: 52% (down from 66% in FY 2021). Revenue exceeded analyst estimates by 25%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is expected to fall by 4.6% p.a. on average during the next 2 years compared to a 1.4% decline forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has increased by 192% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CA$4.93, the stock trades at a trailing P/E ratio of 3.1x. Average forward P/E is 6x in the Oil and Gas industry in Canada. Total returns to shareholders of 796% over the past three years. Recent Insider Transactions • Dec 16
Independent Chairman of the Board recently bought CA$194k worth of stock On the 14th of December, John Brussa bought around 35k shares on-market at roughly CA$5.55 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. John has been a buyer over the last 12 months, purchasing a net total of CA$1.1m worth in shares. Recent Insider Transactions Derivative • Nov 23
Insider exercised options to buy CA$737k worth of stock. On the 17th of November, James Bowman exercised 137.35k options to receive shares at no cost, then sold around 20.50k of them at CA$5.99 each and kept the remainder. Since June 2022, James' direct individual holding has increased from 683.14k shares to 751.02k. Company insiders have collectively bought CA$5.3m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Nov 20
Executive VP & CFO recently sold CA$160k worth of stock On the 11th of November, John Leach sold around 25k shares on-market at roughly CA$6.40 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$192k. This was John's only on-market trade for the last 12 months. Recent Insider Transactions • Nov 16
Insider recently sold CA$192k worth of stock On the 7th of November, Paul Dever sold around 30k shares on-market at roughly CA$6.39 per share. This transaction amounted to 8.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$444k more than they sold in the last 12 months. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: CA$0.69 (vs CA$1.14 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.69 (down from CA$1.14 in 3Q 2021). Revenue: CA$115.2m (up 64% from 3Q 2021). Net income: CA$105.7m (down 40% from 3Q 2021). Profit margin: 92% (down from 250% in 3Q 2021). Revenue is forecast to decline by 12% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Canada are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has increased by 137% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Nov 04
Crew Energy Inc. Updates Production Guidance for the Full Year of 2022 Crew Energy Inc. updated production guidance for the full year of 2022. For the year, the company now expects annual average production to be in the range of 32,500 boe/d to 33,000 boe/d as compare to 32,000 boe/d to 33,000 boe/d as previously guided. Recent Insider Transactions Derivative • Oct 29
Insider exercised options to buy CA$350k worth of stock. On the 20th of October, Kurtis Fischer exercised 120.60k options to receive shares at no cost, then sold around 59.39k of them at CA$5.76 each and kept the remainder. Since June 2022, Kurtis has owned 703.34k shares directly. Company insiders have collectively bought CA$4.1m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Oct 12
Executive VP & CFO exercised options to buy CA$582k worth of stock. On the 4th of October, John Leach exercised 231.07k options at around CA$5.28, then sold 125.00k of them at CA$5.50 each and kept the remainder. Since June 2022, John has owned 1.64m shares directly. Company insiders have collectively bought CA$3.4m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Sep 29
Insider exercised options to buy CA$352k worth of stock. On the 23rd of September, James Bowman exercised 133.75k options to receive shares at no cost, then sold around 65.86k of them at CA$5.21 each and kept the remainder. Since June 2022, James has owned 683.14k shares directly. Company insiders have collectively bought CA$2.7m more than they sold, via options and on-market transactions, in the last 12 months. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CA$4.86, the stock trades at a trailing P/E ratio of 2.4x. Average forward P/E is 5x in the Oil and Gas industry in Canada. Total returns to shareholders of 615% over the past three years. Price Target Changed • Aug 19
Price target increased to CA$8.70 Up from CA$7.90, the current price target is an average from 2 analysts. New target price is 37% above last closing price of CA$6.35. Stock is up 312% over the past year. The company posted earnings per share of CA$1.34 last year. Tillkännagivande • Aug 19
An undisclosed buyer acquired Certain Non-Core Assets at Attachie and Portage in northeast British Columbia from Crew Energy Inc. (TSX:CR) for CAD 130 million. An undisclosed buyer acquired Certain Non-Core Assets at Attachie and Portage in northeast British Columbia from Crew Energy Inc. (TSX:CR) for CAD 130 million on August 18, 2022. The net proceeds are subject to certain customary closing adjustments. The Disposition includes approximately 47,025 net acres of Montney rights. he net proceeds from the Disposition will be used to redeem $128 million principal amount of the Company's 6.500% senior unsecured notes due 2024. TD Securities Inc. acted as financial advisor to Crew.
An undisclosed buyer completed the acquisition of Certain Non-Core Assets at Attachie and Portage in northeast British Columbia from Crew Energy Inc. (TSX:CR) on August 18, 2022. Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: CA$0.58 (vs CA$0.15 loss in 2Q 2021) Second quarter 2022 results: EPS: CA$0.58 (up from CA$0.15 loss in 2Q 2021). Revenue: CA$187.0m (up 190% from 2Q 2021). Net income: CA$88.7m (up CA$111.8m from 2Q 2021). Profit margin: 47% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 4.1%, compared to a 78% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has increased by 110% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Aug 10
Crew Energy Inc. Updates Production Guidance for the Full Year of 2022 Crew Energy Inc. updated production guidance for the full year of 2022. For the year, the company now expects annual average production to be in the range of 32,000 boe/d to 33,000 boe/d as compare to 31,000 boe/d to 33,000 boe/d as previously guided. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 18% share price gain to CA$5.60, the stock trades at a trailing P/E ratio of 4.2x. Average forward P/E is 6x in the Oil and Gas industry in Canada. Total returns to shareholders of 678% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$10.95 per share. Recent Insider Transactions • Jun 24
Independent Chairman of the Board recently bought CA$241k worth of stock On the 22nd of June, John Brussa bought around 50k shares on-market at roughly CA$4.82 per share. This was the largest purchase by an insider in the last 3 months. John has been a buyer over the last 12 months, purchasing a net total of CA$654k worth in shares. Price Target Changed • Jun 17
Price target increased to CA$7.46 Up from CA$6.85, the current price target is an average from 2 analysts. New target price is 40% above last closing price of CA$5.31. Stock is up 228% over the past year. The company posted earnings per share of CA$1.34 last year. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CA$5.58, the stock trades at a trailing P/E ratio of 4.2x. Average forward P/E is 9x in the Oil and Gas industry in Canada. Total returns to shareholders of 549% over the past three years. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improved over the past week After last week's 23% share price gain to CA$6.49, the stock trades at a trailing P/E ratio of 4.9x. Average forward P/E is 8x in the Oil and Gas industry in Canada. Total returns to shareholders of 590% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$11.75 per share. Recent Insider Transactions • May 11
Independent Chairman of the Board recently bought CA$95k worth of stock On the 9th of May, John Brussa bought around 20k shares on-market at roughly CA$4.75 per share. This was the largest purchase by an insider in the last 3 months. John has been a buyer over the last 12 months, purchasing a net total of CA$273k worth in shares. Reported Earnings • May 06
First quarter 2022 earnings released: CA$0.01 loss per share (vs CA$0.009 profit in 1Q 2021) First quarter 2022 results: CA$0.01 loss per share (down from CA$0.009 profit in 1Q 2021). Revenue: CA$52.2m (down 35% from 1Q 2021). Net loss: CA$1.38m (down 202% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 17%, compared to a 77% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • May 06
Crew Energy Inc. Provides Production Guidance for the Full Year of 2022 Crew Energy Inc. provided production guidance for the full year of 2022. For the year, the company expected annual average production to be in the range of 31,000 boe/d to 33,000 boe/d. Price Target Changed • Apr 27
Price target increased to CA$6.56 Up from CA$5.94, the current price target is an average from 2 analysts. New target price is 32% above last closing price of CA$4.97. Stock is up 383% over the past year. The company posted earnings per share of CA$1.34 last year. Price Target Changed • Apr 20
Price target increased to CA$5.94 Up from CA$5.54, the current price target is an average from 2 analysts. New target price is 11% above last closing price of CA$5.33. Stock is up 467% over the past year. The company posted earnings per share of CA$1.34 last year. Recent Insider Transactions Derivative • Apr 13
Chief Operating Officer exercised options to buy CA$347k worth of stock. On the 8th of April, James Taylor exercised 133.75k options to receive shares at no cost, then sold around 65.92k of them at CA$5.23 each and kept the remainder. Since June 2021, James has owned 559.80k shares directly. Company insiders have collectively bought CA$1.2m more than they sold, via options and on-market transactions, in the last 12 months. Tillkännagivande • Apr 12
Crew Energy Inc. Appoints John Hooks to the Board of Directors Crew Energy Inc. announced that Mr. John Hooks has been appointed to the Board of Directors of Crew. Recent Insider Transactions Derivative • Apr 06
Lead Independent Director exercised options to buy CA$63k worth of stock. On the 1st of April, Karen Nielsen exercised 26.67k options to receive shares at no cost, then sold around 13.92k of them at CA$4.91 each and kept the remainder. Since June 2021, Karen's direct individual holding has increased from 109.13k shares to 147.13k. Company insiders have collectively bought CA$1.5m more than they sold, via options and on-market transactions, in the last 12 months. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improved over the past week After last week's 28% share price gain to CA$4.77, the stock trades at a trailing P/E ratio of 3.6x. Average forward P/E is 7x in the Oil and Gas industry in Canada. Total returns to shareholders of 315% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$9.26 per share. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CA$3.39, the stock trades at a trailing P/E ratio of 2.5x. Average forward P/E is 8x in the Oil and Gas industry in Canada. Total returns to shareholders of 190% over the past three years. Reported Earnings • Mar 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CA$1.34 (up from CA$1.34 loss in FY 2020). Revenue: CA$312.5m (up 135% from FY 2020). Net income: CA$205.3m (up CA$408.5m from FY 2020). Profit margin: 66% (up from net loss in FY 2020). Oil reserves Proven reserves: 2.894 MMbbls Gas reserves and sales price Proven reserves: 828.322 Bcf Average sales price/mcf: US$4.82 LNG reserves and sales price Proven reserves: 32.523 MMbbls Average sales price/bbl: US$51.58 Combined production and costs Oil equivalent production: 9.652 MMboe (8.014 MMboe in FY 2020) Average production cost/Boe: US$4.47 (US$5.61/Boe in FY 2020) Revenue exceeded analyst estimates by 26%. Over the next year, revenue is forecast to grow 7.4%, compared to a 54% growth forecast for the oil industry in Canada. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Mar 10
Crew Energy Inc. Provides Production Guidance for the Full Year of 2022 Crew Energy Inc. provided production guidance for the full year of 2022. For the year, the company expected annual average production to be in the range of 31,000 boe/d to 33,000 boe/d. Price Target Changed • Mar 10
Price target increased to CA$5.25 Up from CA$4.75, the current price target is an average from 3 analysts. New target price is 42% above last closing price of CA$3.70. Stock is up 206% over the past year. The company posted a net loss per share of CA$1.34 last year. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 16% share price gain to CA$3.74, the stock trades at a trailing P/E ratio of 3x. Average forward P/E is 8x in the Oil and Gas industry in Canada. Total returns to shareholders of 250% over the past three years. Tillkännagivande • Feb 01
Crew Energy Inc. Provides Production Guidance for the Fourth Quarter and Full Year of 2021 and First Quarter and Full Year of 2022 Crew Energy Inc. provided production guidance for the fourth quarter and full year of 2021 and first quarter and full year of 2022. The Q4/21 average production is estimated at 29,100 boe per day ahead of previous guidance of 28,000 to 29,000 boe per day and an increase of 34% over Q4/20 average production of 21,666 boe per day. Full year 2021 production is estimated to average 26,400 boe per day near the midpoint of Crew' s 26,000 to 27,000 boe per day1 previous guidance, and a 20% increase over the prior year. First quarter 2022 production is expected to average 31,000 to 33,000 boe per day. Full year 2022 guidance is reconfirmed, for production to average 31,000 to 33,000 boe per day. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improved over the past week After last week's 20% share price gain to CA$3.70, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Oil and Gas industry in Canada. Total returns to shareholders of 311% over the past three years. Recent Insider Transactions • Jan 27
Independent Chairman of the Board recently bought CA$178k worth of stock On the 24th of January, John Brussa bought around 60k shares on-market at roughly CA$2.97 per share. This was the largest purchase by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 18% share price gain to CA$3.42, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Oil and Gas industry in Canada. Total returns to shareholders of 256% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$5.55 per share. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 18% share price gain to CA$3.42, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Oil and Gas industry in Canada. Total returns to shareholders of 256% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$5.55 per share.