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.

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Crane Co > How does Crew pay down debt?

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Comment by BeatTheOddsSquaon Oct 12, 2020 4:47pm

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Post# 31704932

RE:RE:How does Crew pay down debt?

You are correct on the decline rates Cheadale.

I was trying to illustrate that if Crew's ultimate potential production in Q1 2021 is 30,809 Boe/day and if they sell the heavy oil (1675 Boe/day) that would leave Crew with 29,215 Boe/day. They would then have 6,215 Boe/day of excess production above a 2021 exit guidance rate of say 22,000 Boe/day. This would allow for a 25% decline rate on all of their production.

The main take away is that no capital is now required in 2021 in order to maintain a production rate of 22,000 Boe/day and those monies (> $100 million) could be used to pay down debt.

It will be interesting to see how this plays out.

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