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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 Seppelton Jan 18, 2021 7:01am
186 Views
Post# 32318030

RE:RE:target raised to 90

RE:RE:target raised to 90 Let's get to $3 first before dreaming of $4. You need the weather to cooperate and reading some comments about the long awaited polar vortex hitting northeast, "here it comes and here it goes".
In the meantime, Biden may cancel Keystone XL the first day in office: 
https://www.reuters.com/article/us-usa-biden-keystone/biden-may-cancel-keystone-xl-pipeline-permit-as-soon-as-his-first-day-in-office-source-idUSKBN29N00A

This is bad for the industry in general and bad for the oil sands, a major consumer of natural gas and condensate. It won't make it any easier for Crew to sell its heavy oil assets, unless there is already a willing buyer and the CEO knows that. Otherwise, he'd be called reckless to spend all proceeds from infrastructure sale on drilling instead of debt reduction as suggested in the press release in January 2020.
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