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 > January 2022

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Comment by Cheadle12on Feb 01, 2022 11:18am

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Post# 34385393

RE:RE:RE:January 2022

This would be up the Board of Directs (obviously with Dale's interests also at heart)..

I've said before, I'd take $4/sh if it was an all stock deal with Tourmaline, CNRL, Arc or other..

Also, what is holding Crew from running up is not 'debt metrics'.. it's debt. $400M or so debt for the size of the company is far too much.. if the debt was less than half of this, the stock would be > $6 today and would be acquired like Storm was (low debt, less lands, comparable netbacks)..

Crew also has terribly low netbacks .. so as production grows, that's a good thing, but the netback per barrel is one of the lower in the industry.. this is okay.. as Crew's future product will be sold as supply for LNG .. which means, it's a margin business.. low cost of supply and high sales price of the LNG. The low netbacks though for a non-LNG operators (i.e Shell).. make Crew less appealing as a target relative to other M&A, A&D options..

Some non-core asset sales and apply to debt, and Crew is a $6+ stock.. or continue with the 2 year plan and likely exit with a share price north of $5.

~TGC.

gonatgasgo wrote: To be fair, about a year ago, Dale said in a presentation that he would seriously consider any offers. At that time, I was convinced CR would ourperform its peers. Today, I feel like they will perform more in line with others. I am still very bullish on the sector.

If one gets an offer with a 33% premium, you take it, you give Trudeau 25% and you move on to your second best choice. It is just a pain.

SP*1.33*.75=SP. In that case, the premium goes to pay the realized capital gain tax (and it is assuming your cost base is zero, which is not the case).

It's all good.

Cheadle12 wrote: I'm pretty happy Team.. but I do have to admit that this does read like a sales brochure:

https://boereport.com/2022/01/31/crew-energy-inc-provides-operational-update-highlighted-by-record-production-and-strong-well-results/

It's incredible.. are we certain Oldnagger, Gonat and team that Crew will even make it to 40Kbpd before being acquired.. kinda looks like the end game is in sight & could be plucked any day now..

..just my opinion ..

~TGC.

gonatgasgo wrote: Crew's performane for January 2022 is 29.37%. Let's see what we can get in February.