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's Heavy Oil asset - $60 USD WCS.

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Comment by Cheadle12on Jun 21, 2021 6:35pm

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Post# 33424799

RE:RE:Crew's Heavy Oil asset - $60 USD WCS.

I agree.. they still need to fix the balance sheet. I would sell the heavy oil asset, it's non core, not strategic & it cleans up the "BC Montney low ARO/high ESG" story for a sale of the company.

gonatgasgo wrote: It might seem less urgent to sell something, since the stock price keeps going up. However, I still think it would be important to sell something significant. That way, there will be less debt to renew, likely a lower interest rate on the debt, potentially some money to drill more, and the stock price would react positively.

Cheadle12 wrote: This asset is very saleable now & printing great cash flow at this price.