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 > What I would really like to see..

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Comment by Cheadle12on Dec 06, 2021 10:19pm

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Post# 34204754

RE:RE:What I would really like to see..

Yep, the debt combined would insignificant.. just think, despite all of Whitecap (great company's) acquisitions and share dilution each time, Crew + Kelt combined would be over half WCP's production and have over half the debt.. ball park, but fairly accurate.. this would be a nice merger (CR + KEL)..

Also, these two are resource developer's.. so their plan is to not NCIB not pay dividends but to grow their assets, then sell off when mature then eventually sell off the full company for a nice premium exit..

I think it makes a lot of sense but more often than not it's not in a board nor mgmt team's interests to do so.. hence why I hold both.. the sum would be greater than the parts.. but I keep both as there is something about each that I like..

Oldnagger have a dig around Kelt, you'll see what I'm talking about.. there is very deep value there... plus.. debt free :)..

Crew is a gem, but the debt will become concerning if they don't address it in 2022.. Kelt is a gem, no debt, but with 30,000 boepd in Q4 approx they aren't significant enough to warrant large invesment.. combined.. makes a lot of sense..

~TGC.

Moemoney42 wrote: Gotta agree TGC.. Kelt and Crew would both do better as a combined entity IMHO.. the debt would be very manageable and could be paid off quickly.. full disclosure I own both and would certainly be happy with that if it ever happened..? ;-)

Cheadle12 wrote: Here is my 'dream' scenario (Pipe dream, pun intended - Wembley / Pipestone))..

Given the current environment, Crew's bloated debt that never seems to come down .. I would like to see Kelt Exploration and Crew Energy Merge.

This would be a 60,000 boepd "development" producer growing to 80,000 boepd producer with only $375M debt, paid down out of some of Kelt / Crew's 2022 CF.

D/CF would be under .5x given most scenarios.. a perfect balance sheet.

Given Kelt's Oak / Flatrock asset, this is a nice tuck in.. and give the Wembley Cash Flow to continue with growth and debt repayment and keep the lenders at bay even through 2023/24.

Will it happen? No. Is it in shareholders interest? Yes/Probably.

~TGC.