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 > Is Crew selling their Heavy Oil Assets?

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Comment by gonatgasgoon Oct 09, 2020 3:22pm

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Post# 31696878

RE:RE:Is Crew selling their Heavy Oil Assets?

If a company needs to spend $85M per year just to maintain production at 22,000 boe/d, then I am on Cheadle's side. No wonder why it trades at $0.37 /share.

There is no way production will stay at these levels once the 7 wells are producing. Crew tends to under promise and hopefully, over deliver.

It might be wishful thinking to sell their oil operation, but right now, nobody will buy such operations unless it is almost free...especially if it is oil based.

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