Q: I see CR (crew energy) is making a massive cup and handle going back years. Is something good coming for this company? Thanks
flo
flo
5i Research Answer:
The gas sector has bounced a bit, and most stocks are very cheap. CR is 8X earnings, with good cash flow and a rock-solid balance sheet. After a decline this year (on lower commodity prices) it is expected to show growth of about 10% next year. The last quarter was fine, with earnings well ahead of estimates. Its guidance was also fine, and the stock received several broker upgrades following the results.