CWEGF - Crew energy - small-cap Canadian natural gas co with eye on growth

Canadian natural gas producer Crew Energy (OTCQB:CWEGF) released the Company's spending and production plans for 2022 before market open, unlike oil-focused peers, this company is targeting growth On track to grow production 20%+ this year, the Company is hoping to grow 21% in 2022 as well However, capital expenditures in 2022 are expected to fall substantially, with the company anticipating $150-$170m of spending in 2021 falling to $70-$95 of spending in 2022, as Crew intends to work down well inventory and benefit from the sale of its Lloydminster heavy crude assets With net debt up ytd on the back of the best gas price environment in nearly a decade, Crew appears to be following the playbook of US shale companies circa 2014

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Crew energy - small-cap Canadian natural gas co with eye on growth