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 > Does CR lose some Hedges April 1 in our favor?

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Comment by BeatTheOddsSquaon Mar 29, 2021 8:05pm

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Post# 32902742

RE:RE:Does CR lose some Hedges April 1 in our favor?

Gonatgo let's see what those numbers mean in Mcf

Crew is 50 % hedged at $2.55 per GJ

1 Mcf = 1.06 GJ so $2.55 /1 GJ = X / 1.06 GJ or $2.70 Mcf

From Crew's March 2021 Presentation they mention:

" As of March 11, 2021, Crew currently has over 50% of forecast 2021 natural gas production hedged at an average price of $3.08 per Mcf."

So Crew gets paid a premium of $3.08 Mcf - $2.70 per Mcf = $0.38 Mcf because of the high heat content of their gas.

Converting back to GJ's would then yield: $3.08 / Mcf = X / .948 / Mcf / GJ = $2.91984 per GJ

So Crew is getting paid $2.92 per GJ for 50% of their gas production.

Please check my math.

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