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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

Comment by BeatTheOddsSquaon Nov 14, 2020 4:26pm
171 Views
Post# 31901851

RE:These guys need

RE:These guys needCheadle, as I mentioned previously that is the asset I hope they can sell.

Crew's 1450 Bbls/day is low decline heavy oil and they really had nothing on their Montney trend capable of replacing those liquids.

I believe the success Crew is now having in the UCR area has changed all that.

6 new wells in the UCR area producing 250 Bbls/day (after 60-70% declines) of condensate + ngls gets Crew the 1450 Bbls/day they would need to replace.I find it interesting that Crew just happens to be adding 6 more wells to their 3-32 UCR pad. 

The huge advantage is that it would be coming from 1 pad instead of > 600 heavy oil wells. Imagine the fixed costs for lease rentals, wellsites, pipeline and facility property taxes, numerous operators required, etc.. The operation of a single UCR pad would be a fraction of what they are spending on their heavy oil properties.

I remember hearing a few years back, that Crew had a deal in place to sell their heavy oil assets  but unfortunately the buyer's financing fell through at the 11th hour. I really am hoping that they have found a new buyer that is able to acquire those assets.
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