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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 anticlineon May 31, 2021 11:41am
125 Views
Post# 33296251

RE:Crew Mgmt is lagging.

RE:Crew Mgmt is lagging.Storm is one of my favourites and has stop notch management, as does Kelt, and at the top of the heap is Tourmaline with Mike Rose. That being said Crew has some of the best land around and they are not in any immediate debt stress. Ideally they would shed the heavy oil assets but I suspect they don't want pennies on the dollar for an asset that's making money at this time.

They have survived the worst pricing for NG in a lifetime and have a plan that should bump cash flow in the Montney so I don't see them being in a rush. If they can steadily do what SRX has done they don't need to hit a home run, although a home run would be great, and they should be in good shape for when NGL will lift demand and hopefully prices for all Canadian NG producers. I think that is what I'm hearing from the management right now. I'm no expert but some respected geologists thought BXE had a combo of too much debt and not the greatest land and terrible drilling execution. Mike Rose as above all a very smart geologist and a business wizard.
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