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 > Crew Reserves Report tomorrow EOD.

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Comment by gonatgasgoon Feb 07, 2021 5:34pm

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Post# 32496954

RE:RE:RE:Crew Reserves Report tomorrow EOD.

Seems like Crew is the first one releasing their reserves. Is anybody aware of any other firms having released their reserve estimates recently?

Cheadle12 wrote: I'm going to take a contrarian view and predict that Crew's reserves will be up.. Crew are one of the few companies that have 'increased' drilling in the last few years.. those multi stack long laterals give a lot of intel as to what's beneath and between those rocks.

We'll see, but that's my guess.

Oldnagger wrote: When looking at the report , remember to look at other producers reports for comparison, If I am right , reserves should be down just about everywhere in the industry , particularly after the huge write downs earlier in 2020. Not only in Canada but everywhere.
Not everyone may be aware , but the EIA recently published the aggregated reserves for the US for 2019. They showed a zero gain over 2018 for Crude and a 2.5% decrease for Nat gas. Surprising given that drilling activity was more than twice as strong in 2019 as 2020.
Reserves figures are always calculated based on pricing assumptions at the time of the evaluation.
For this reason, care is advised in interpreting the results. Notwithstanding all of the above, I am sure that Crew's reserves value (NPV 10 ) will be many multiples of the currenr SP !!