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 > CR's high leverage exceeds 3 times VS Other Nat Gas Names

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Comment by Cheadle12on Feb 20, 2021 3:31pm

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Post# 32619445

RE:CR's high leverage exceeds 3 times VS Other Nat Gas Names

SDE are the new Pine Cliff Energy .. the "Garbage collector" of junk Alberta assets.

Those Bellatrix assets are total garbage and intertwined with a bunch of First Nations claims on those lands / assets. Do your DD about the underlying assets.

stockfy wrote:
CR's debt is about C$340 million, so its leverage still exceeds 3 times proforma the recent asset sales. I think this is what keeps many prudent and experienced investors away from CR. Many highly leveraged names (i.e. DEE, CQE are some of the most recent ones) have filed for bankruptcy over the last years while PONY was obliged to say YES to CNQ at a low offer due to its high leverage and questionable survival.

If you look for debt-free low-risk energy companies, check new, unknown and debt-free Spartan Delta (SDE) before it becomes popular.

SDE is natural-gas weighted and is currently producing about 30,000 boepd (70% gas, all sold at AECO prices).

Currently, SDE is debt-free with surplus of CAD$35 million, facts below:

https://www.globenewswire.com/news-release/2021/02/16/2176560/0/en/Spartan-Delta-Corp-Announces-Three-Strategic-Acquisitions-and-80-0-Million-Financing.html

Proforma the latest deals, SDE produces 36,000 boepd while also remaining debt-free with a significant surplus of CAD$54 million by the end of 2021, based on the latest guidance below:

https://www.globenewswire.com/news-release/2021/02/16/2176560/0/en/Spartan-Delta-Corp-Announces-Three-Strategic-Acquisitions-and-80-0-Million-Financing.html

So debt-free SDE has the strongest balance sheet while being the most undervalued Canadian nat gas weighted producer because SDE currently trades at just C$9,000 per boepd and just about 2.4 times its annual cash flow.

Insiders own about about 25%.

SDE's management team has an impeccable pedigree with very high returns from their previous 3 companies, Spartan Exploration, Spartan Oil, Spartan Energy sold to VET.

My two cents.