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.

NYSE:CR - Post by User

Crane Co

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Post by tulsateaon Apr 25, 2019 2:18pm

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Post# 29670658

Potential Catalysts for Crew

We believe CR is significantly undervalued relative to its land value, and could be the subject of a takeover bid. If CR's production is worth just $10k/flowing boe and the land (443 sections) is worth $1.5M/section, the value of the company is ~$5.90/share. 2019 6 well Montney pad

CR’s first quarter budget included the drilling of 5-6 UCR (ultra-rich condensate) wells, and the completion of 8 UCR wells. The company has already posted strong well results from its UCR Montney wells there, and we anticipate additional well results with Q1. Q2/19 Sale of undeveloped Montney land

Crew sold its Goose asset for ~$1.7M/section. We believe the company may look to sell its assets in the Attachie area, where it holds 30 to 40 sections of land. This could be used to further pay down debt and garner a better multiple 2019

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