Join today and have your say! It’s FREE!
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Crane Co T.CR


Primary Symbol: CR Alternate Symbol(s):  CXT

Crane Company is an industrial manufacturing and technology company. The 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, and Process Flow Technologies. 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 segment is comprised of Process Valves and Related Products, Pumps and Systems and Commercial Valves. The Company also designs and manufacturers multi-stage lubrication pumps and lubrication system components technology for critical aerospace and defense applications.


NYSE:CR - Post by User

Comment by jspacemanon Nov 07, 2020 3:22pm
149 Views
Post# 31858036

RE:RE:RE:RE:RE:RE:Tourmaline Oil buys two privately held oil and gas firms

RE:RE:RE:RE:RE:RE:Tourmaline Oil buys two privately held oil and gas firmsjupiter =

20k boe//d liquids 
30% of total.

what is the punishment in alberta for grand larceny?

BeatTheOddsSqua wrote: A little bit of math on these deals shows:

Modern - $144 million / 10,000 Boe/day = $14,400 per producing Boe/day 
Jupiter - $ 626 million / 66,000 = $9,343 per producing Boe/day

Ouch!

Modern comes in below Pony dry gas distress sale metrics of 
$16,600 per producing Boe/day while it is weighted 25% oil (Cardium) and 75% gas.

Jupiter appears much worse at $ 9,343 per producing Boe/day. They were producing 300 Mmcf/day and 16,000 Bbls/day liquids. Similar to Pony's production but without the liquids I believe.

This deal looks like investors (Apollo and Arc) just wanted to get out of these assets at any price and Tourmaline left them a little bit of upside by including shares in the deal.

Modern and Jupiter did all the heavy lifting with the securing leases, mapping out the oil and gas pools, drilling, completing and tie-ing in all of the wells. They built the facilities, spent a lot of capital and man hours (5 years) only to produce their product during a period of low commodity pricing. Oil and gas is a tough game.


Outstanding deal for Tourmaline! They come in and scoop up massive reserves, drill ready locations, production and facilities for pennies on the dollar. Tourmaline could not replicate the production and reserves they acquired for the price of this deal. 

Luckily Crew is not in the same situation.

Although they have > $300 million in debt, they are drilling and completing up to 17 new wells?

I cannot wait to read the Q3 quarterly report to find out how they are paying for the 10 additional wells.

As always please check my math.




<< Previous
Bullboard Posts
Next >>