Crew Energy Announced a Net Loss of C$148.5 Million

Reuters reported that Crew Energy Inc (TSX:CR) announced a net loss of C$148.5 million in its fourth quarter due to weak U.S. natural gas prices.

As quoted in the market news:

For the fourth quarter, Crew reported a net loss of C$148.5 million ($149.43 million), or C$1.24 a share, compared with a net loss of C$14.2 million, or 18 Canadian cents a share, a year ago.

Click here to read the full Reuters report.