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 gonatgasgoon Aug 06, 2020 6:01pm

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Post# 31375936

RE:RE:RE:Q2 ER

Could someone please explain this paragraph from their release. It seems like big spending in Q3, but not much production. Maybe I miss something.

With the new pad development, Crew's annual exploration and development expenditure budget range has been increased to $75 to $85 million ($17 to $27 million net of dispositions), with Q3/20 capital spending projected to be $20 to $25 million and Q3 average production forecasted to be 18,000 to 19,000 boe per day reflecting an anticipated ten day turnaround at our Septimus processing facility and a 30-day turnaround at the McMahon gas processing facility. We are forecasting fourth quarter average production of 19,500 to 20,500 boe per day and are pleased to maintain our annual average production guidance of 20,000 to 22,000 boe per day.