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    Jeremy McCrea

    Managing Director and Senior Oil & Gas Analyst at BMO Capital Markets

    Jeremy McCrea is a Managing Director and Senior Oil & Gas Analyst at BMO Capital Markets, specializing in equity research covering Canadian mid-cap oil and gas companies including NuVista Energy, Whitecap Resources, and Freehold Royalties. With a career success rate of 57% and an average return of 19.5% per rating according to TipRanks, he is recognized among the top analysts in his field and has achieved a Top Gun ranking by Brendan Wood International. McCrea began his energy research career in 2004, previously leading the energy franchise at Raymond James and holding analyst positions at AltaCorp Capital and National Bank Financial before joining BMO in 2024. He holds a Bachelor of Commerce from the University of Calgary, is a CFA Charterholder, and possesses extensive industry credentials as a senior-ranked equity analyst.

    Jeremy McCrea's questions to VERMILION ENERGY (VET) leadership

    Jeremy McCrea's questions to VERMILION ENERGY (VET) leadership • Q2 2024

    Question

    Inquired about the nature of the 15% cost savings in the Montney, the potential for further cost reductions, and the underlying drivers for the recent strength in European natural gas prices.

    Answer

    The executives clarified that the 15% cost saving was specifically on the completion side and that they anticipate further cost reductions from operational efficiencies and service cost deflation. They attributed the strength in European gas prices to a combination of lower storage levels, increased LNG demand from Asia, and geopolitical risks, expecting prices to remain firm.

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    Jeremy McCrea's questions to BAYTEX ENERGY (BTE) leadership

    Jeremy McCrea's questions to BAYTEX ENERGY (BTE) leadership • Q2 2024

    Question

    Jeremy McCrea from BMO Capital Markets asked about the drivers behind the strong Eagle Ford well results, whether recent operational efficiencies are incorporated into guidance, and if strong Duvernay performance could lead to a capital allocation shift in 2025.

    Answer

    President and CEO Eric Greager detailed the steady improvement in Eagle Ford crude oil IP30 rates, rising from 700 bbl/d in H2 2023 to over 870 bbl/d in Q2 2024. COO Chad Lundberg attributed the gains to continuous small improvements in areas like geo-steering and stage spacing, driven by machine learning. Regarding 2025, Eric Greager noted it's early but expects to increase capital allocation to the high-quality Duvernay asset over time.

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    Jeremy McCrea's questions to OBSIDIAN ENERGY (OBE) leadership

    Jeremy McCrea's questions to OBSIDIAN ENERGY (OBE) leadership • Q2 2018

    Question

    Jeremy McCrea, an Energy Analyst, asked about the 2019 capital expenditure allocation for primary drilling at Willesden Green, the company's forward-looking growth targets, and the well density assumptions for their 250-location inventory in the area.

    Answer

    President, CEO & Director David Lawrence French indicated that the pace of development in 2019 would be similar to the 15 wells planned for the second half of 2018, comprising the majority of the capital budget. He reiterated a target of double-digit growth, balanced by living within funds flow. VP of Development Aaron Smith added that the current inventory count is based on four wells per section, which they believe is optimal on an NPV basis for their specific rock quality.

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