CA - Crew Energy: The LNG Canada Wait Is Almost Over
2024-07-12 08:00:00 ET
Summary
- Crew Energy stock has fallen ~50% due to gas industry challenges and missed Q1 estimates, but analysts predict a potential double in price.
- Market conditions for gas-focused energy companies have improved in the U.S. but not in Canada, with LNG projects in Canada showing promise.
- Crew Energy's focus on Montney gas and upcoming projects like LNG Canada and Groundbirch could lead to growth opportunities, making it a buy at current levels.
Introduction
It's been almost a year since we covered Crew Energy Inc. ( OTCQB:CWEGF )(CR:CA). In our last article , despite what appeared to be some positive catalysts, we rated it a hold. This looks like a good call on our part, as the stock of Crew Energy has fallen ~50% from the September 2023 level. As a gas producer, Crew has fallen victim to the vicissitudes of the beaten-down gas industry in North America....
Crew Energy: The LNG Canada Wait Is Almost Over