Acquisition PotentialWith egress options to send gas east or west and a rail line going through Crew's property to help ship NGLs to the west coast for premium pricing, Crew could be a strategic acquisition target as more LNG comes on-line.
Long-term ValueInvestors have grouped Crew with other operators whose valuations are reflective of near-term FCF sustainability/dividend requirements, when the valuation premise for Crew should instead be reflecting long-term commodity upside.
Production EfficiencyCrew's 2021 wells at Groundbirch essentially match that of Shell, producing 4 bcf of gas after two years with very little decline, indicating strong well economics and quicker payout timeframes.