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Crew Energy Inc (CR.TO)

CR.TO on Toronto Stock Exchange

4.29CAD
25 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Crew Energy Q4 FFO per share C$0.19
Thursday, 2 Mar 2017 04:33pm EST 

Crew Energy Inc : Crew Energy Inc announces fourth quarter and full year 2016 financial and operating results . Q4 FFO per share C$0.19 . 2017 annual production is anticipated to range between 25,000 and 27,000 boe per day . Crew Energy Inc - for 2017, crew's total natural gas hedged position is approximately 48% of forecast 2017 gas sales . Crew Energy -$200 million capital budget for 2017 anticipates drilling 28 new montney wells, completing 39 wells, finalizing west septimus facility expansion in q4 . 2017 exit production is expected to be greater than 30,000 boe per day .Crew Energy Inc - for liquids, have about 43% of 2017 light oil and natural gas liquids sales hedged at an average price of cdn$68.17 per bbl.  Full Article

Crew Energy Inc. announces C$300 million senior notes offering
Friday, 24 Feb 2017 01:47pm EST 

Crew Energy Inc : Crew Energy Inc. announces C$300 million senior notes offering . Entered into an underwriting agreement to sell C$300 million aggregate principal amount of 6.500% senior unsecured notes due March 14, 2024 . Net proceeds will be used to redeem all of company's existing 8.375% senior unsecured notes due 2020 .Excess proceeds will be used for a non-permanent repayment of current indebtedness under Crew's existing credit facility.  Full Article

Crew Energy says intends to offer for sale senior unsecured notes due 2024
Tuesday, 21 Feb 2017 02:27pm EST 

Crew Energy Inc : Crew Energy Inc. announces proposed offering of senior unsecured notes and the conditional redemption of all outstanding 8.375% senior unsecured notes due 2020 . Says intends to offer for sale senior unsecured notes due 2024 . Net proceeds will be used to redeem all of company's existing 8.375% senior unsecured notes due 2020 .Excess proceeds will be used for a non-permanent repayment of current indebtedness under co's existing credit facility.  Full Article

Crew Energy Q3 FFO per share C$0.16
Thursday, 3 Nov 2016 04:10pm EDT 

Crew Energy Inc - : Qtrly achieved production of 23,211 boe per day, a 35% per share increase over same period in 2015 . Remains on target to achieve annual 2016 production at low end of our 23,000 to 25,000 boe per day guidance . Q4 2016 production has been impacted by an eight day alliance pipeline full system shut down . Eight day alliance pipeline full system shut down which has reduced volumes by approximately 1,600 boe per day in Q4 . By year end 2016 anticipates having 22 new wells drilled and 22 wells completed in greater septimus and tower . For 2017, approximately 31% of our estimated natural gas price exposure is hedged . Board of directors has approved an increase in 2016 capital budget to approximately $100 million . Announces third quarter 2016 financial and operating results and increase to 2016 capital budget .Q3 FFO per share C$0.16.  Full Article

Crew Energy Inc qtrly achieved production of 21,950 boe per day
Thursday, 4 Aug 2016 04:00pm EDT 

Crew Energy Inc : Q2 FFO per share c$0.11 . Crew Energy Inc. Announces second quarter 2016 financial and operating results . Crew Energy Inc qtrly achieved production of 21,950 boe per day, 24% higher than same period in 2015 . Achieved Q2 production of 21,950 boe per day, 24% higher than same period in 2015 . For 2017, have approximately 24% of estimated natural gas price exposure hedged . Forecast 2016 average production range of 23,000 to 25,000 boe per day .Ramped up activity to increase production and position Co to meet forecast 2016 average production range of 23,000 to 25,000 boe per day.  Full Article

Crew Energy Inc announces $50 million disposition
Wednesday, 9 Sep 2015 07:11am EDT 

Crew Energy Inc:Announce that it has closed a $50 million disposition of a minor portion of its Lloydminster, Alberta heavy oil assets.  Full Article

Crew Energy Inc reaffirms FY 2015 production outlook
Thursday, 6 Aug 2015 04:05pm EDT 

Crew Energy Inc:Maintains FY 2015 annual production guidance of 20,000 to 22,000 boe per day, and year-end exit forecast of 24,000 to 25,000 boe per day.  Full Article

Crew Energy Inc maintains FY 2015 production guidance
Thursday, 7 May 2015 07:55pm EDT 

Crew Energy Inc:Maintains FY 2015 annual production guidance of 20,000 to 22,000 boe per day, and year-end exit forecast of 24,000 to 25,000 boe per day.  Full Article

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BRIEF-Crew Energy Q4 FFO per share C$0.19

* Crew Energy Inc announces fourth quarter and full year 2016 financial and operating results