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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 Beakr123on Dec 17, 2021 9:33pm
180 Views
Post# 34242740

RE:RE:oh ?

RE:RE:oh ?Tourmaline likely purchased the assets from Crew and are just waiting for approval from the AER to transfer to license to the new owner. The coordinates are around the Edson area so probably just a bolt on to TOUs assets in the area. Even though it's been sold I doubt it will be a notable amount of money. Since Crew doesn't really have much in the area it probably makes more sense to get rid of the liability to someone else who can better utilize it. Looks like they also put in a transfer approval for a few wells sold to another company as well.
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