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 > Monday

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Comment by Cheadle12on Jan 19, 2022 4:47pm

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Post# 34334823

RE:Monday

It's just so dissappointing to see Crew's hedges.. so much money left on the table:

"~42% of 2022 gas production hedged at $3.26/mcf"

This is liquids rich gas too, liquids left in the gas stream...

The problem (that we bring up, but not everyone agrees) is the balance sheet.. the debt overhang.. they are curtailed by the lenders and overall risk, so are forced into hedging so that they can grow production.. i.e. unlike say Birchcliff, who have no hedges in place..and are debt free in 2023 as a result...

I really do feel that Crew needs to get quicker and smarter on the debt reduction plan as it actually is hampering the business.. asset sales.. non-cores, get rid of them and pay off the debt.. from there, run free and generate insatiable FCF..

~TGC.

gonatgasgo wrote: It is looking more like Monday got us excited for nothing. Nat gas may not stay above $4 for much longer despite the cold weather for the rest of January.

Time for CR to become an oil company instead. :-)