Crew Energy Inc. (T:CR*CA)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
See Regulatory Filings on SEDAR
Company Contact
Address: 250 5 St SW Suite 800
CALGARY AB T2P 0R4
Tel: N/A
Website: https://www.crewenergy.com
IR: See website
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Key People
John A. Brussa
Independent Chairman of the Board
Michael D. Sandrelli
Corporate Secretary
Dale O. Shwed
President, Chief Executive Officer, Director
John G. Leach
Chief Financial Officer, Executive Vice President
James Taylor
Chief Operating Officer
Jamie L. Bowman
Senior Vice President of Marketing and Originations
Paul A. Dever
Vice President - Government and Stakeholder Relations
Kevin Evers
Vice President - Geosciences
Kurtis Fischer
Vice President - Planning & Development
Mark Thomas Miller
Vice President - Land and Negotiations
   
Business Overview
Crew Energy Inc is a Canada-based oil and gas exploration, development and production company. It is a growth-oriented oil and natural gas producer. The Company's activities are primarily focused in the Montney Resource situated in northeast British Columbia. Its Montney Resource is complemented by its Lloydminster heavy oil property in Alberta and Saskatchewan. Its Montney area assets include: Septimus/West Septimus, Tower, Groundbirch, Attachie and Portage, which are situated south and west of Fort Staint John, British Columbia. Its operations include liquid rich natural gas and light oil production from the siltstone Montney formation. The Montney property is developed with long-reach horizontal wells. Production from Lloydminster property is comprised of a range of 12 to 14 degrees American Petroleum Institute (API) heavy oil, which is conventionally produced.
Financial Overview
For the six months ended 30 June 2020, Crew EnergyInc revenues decreased 26% to C$76.2M. Net loss totaledC$216.7M vs. income of C$21.6M. Revenues reflect NaturalGas Production, Total decrease of less than 1% to 17.91Bcubic feet, Oil Eqvt Prod (Barrels/Day)-Lloydminsterdecrease of 29% to 1K barrels per day, Petroleum andnatural gas sales decrease of 41% to C$63M, Other revenuedecrease of 87% to C$952K. Net loss reflects Avg.
Employees: 71 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $160.74M as of Jun 30, 2020
EBITDA (TTM): $71.35M as of Jun 30, 2020
Net annual income (TTM): -$226.20M as of Jun 30, 2020
Free cash flow (TTM): -$20.21M as of Jun 30, 2020
Net Debt Last Fiscal Year: $334.69M as of Jun 30, 2020
Shares outstanding: 156,300,746 as of Jul 24, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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