Crane Co T.CR

Primary Symbol: CR Alternate Symbol(s): CXT

Technology Scientific & Technical Instruments

Crane Company is a manufacturer of engineered components for mission-critical applications focused on the aerospace, defense, space and process flow industry end markets. Its segments include Aerospace & Electronics, Process Flow Technologies, and Engineered Materials. The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace, and the military aerospace, defense and space markets. The Process Flow Technologies segment is a provider of engineered fluid handling equipment for critical applications. The Engineered Materials segment manufactures fiberglass-reinforced plastic panels and coils, primarily for use in the manufacturing of recreational vehicles, truck bodies and trailers (Transportation). It also designs and manufacturers multi-stage lubrication pumps and lubrication system components technology for critical aerospace and defense applications.

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Crane Co

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Comment by Just1Questionon Jan 24, 2019 4:25pm

122 Views

Post# 29277928

RE:Possible tarrifs in Venezuela oil?

Canuck101 wrote: Hi all,
Do you think it will cause a jump in the Canadian energy sector

In a nutshell I believe it would help heavy oil to the detriment of light oil while generally moving energy costs higher.

Quality matters: About 1/4 of US oil is refinery ready while the rest needs heavy oil blended in. Venezuela provides some of the US needs. It has been estimated the US would need to find ~600,000 barrels per day of heavy oil elsewhere if Venezuelan oil were sanctioned. Additionally if they chose to restrict export of light oills to Venezuela, those would also need a new buyer.

Cheers

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