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 > TC Energy Predicts N.A. NatGas Demand Will Grow 25% by 2030

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Comment by gonatgasgoon Dec 15, 2021 12:44pm

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Post# 34233340

RE:RE:TC Energy Predicts N.A. NatGas Demand Will Grow 25% by 2030

TGC, I agree with everything in your post. I wish they could buy some shares to support the price too. Unfortunately, I am sure the debt holders (and banks) would let them buy shares now. Unfortunately, it is either a late 2023 story or much earlier if they sell something. It seems very hard to sell anything. Look how long we waited for only $10M (and much lower when you include the cost of selling the hedges they had in place for the oil production).

Cheadle12 wrote: A few parts to the Crew challenge gonat are that 1) Crew's debt is very high, $400M.. so they need to focus on balance sheet repair (and in 2022 they will, a good thing).. 2) They have no NCIB in place, so if there is any serious selling, the stock has no support.. other companies such as ARX, WCP etc have NCIB's so on big selling days, they can support their stock with buy volumes.

I've said before, Crew needs to sell a non core asset. Forget Greed for Reserves or land.. pay off some debt and get an NCIB in place to buy back shares as they crank down 7% in a day.

Without this, the stock gets blown around in the wind.. and yes, there are predatory buyers (i.e. CNQ).. waiting to pounce on a take-under.. I said this before and was chastized for even suggesting this (Beakr & various others)..

~TGC.

gonatgasgo wrote: For all of us who did not sell our shares for $4, maybe there is hope below. By the way, the last time Crew hit $4 was in December 2017.

https://marcellusdrilling.com/2021/12/tc-energy-predicts-n-a-natgas-demand-will-grow-25-by-2030/

TC Energy Corp., the former TransCanada, held its annual investor day on Dec. 1. TC owns extensive liquids and natural gas pipelines across North America, including the Columbia Gas Transmission interstate pipeline network that blankets Pennsylvania, Ohio, and West Virginia. If anyone has its ear to the ground and watching for/discerning longer-term trends, it is big pipeline companies like TC Energy. During the investor day update, one of TC’s executives, Tracy Robinson, said she expects natural gas demand in North America to grow 25% by 2030. That’s a remarkable amount of growth!