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Crane Co T.CR


Primary Symbol: CR Alternate Symbol(s):  CXT

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

Bullboard Posts
Post by tulsateaon Sep 13, 2019 12:18pm
332 Views
Post# 30124080

Presentation

PresentationAnother condensate-minded presenter at the Peters & Co. conference was Crew Energy Inc. (CR), up two cents to 70 cents on 502,200 shares. Crew primarily produces gas from the B.C. Montney, but president and CEO Dale Shwed told the conference yesterday afternoon that condensate is rising through the ranks. Out of Crew's second quarter production of around 22,800 barrels of oil equivalent a day, condensate contributed 3,100 barrels a day, a "very happy" increase of more than one-third compared with the same period last year. By Mr. Shwed's calculations, every additional 1,000 barrels a day of condensate boosts Crew's annual cash flow by $23-million. "That is a game-changer if we continue to add the condensate production we plan on adding," declared Mr. Shwed. Alas, specific details on Crew's plans were scant, the company having long ago abandoned its old habit of providing multiyear forecasts. For example, longer-term investors may recall that in early 2017, Crew released a three-year plan aiming for production of at least 60,000 barrels a day by the end of 2019 -- so, right about now. Current production is instead around 22,500 barrels a day, according to Mr. Shwed. He told the conference that Crew has the infrastructure capacity to reach 40,000 barrels a day, but given the current commodity price environment, the actual achievement of that level of production will take "a couple more years."
Bullboard Posts