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.

NYSE:CR - Post by User

Crane Co > Playing with numbers

<< Previous

Bullboard Posts

Next >>

Comment by Cheadle12on Mar 21, 2022 7:24pm

158 Views

Post# 34532942

RE:RE:RE:Playing with numbers

I agree with you gonat..

Crew needs to manage debt (pay it down).. the bank debt at least to around $250M.. then keep that flat & get 2023 production up to 40,000 boepd..

From there, you know what I think:

-Sell the company.
-Build the gas plant/infra at Groundbirch and continue expansion ..

~TGC.

gonatgasgo wrote: Crew always seem to stick to their annual capex budget. I am wondering if they would go back to the board later this year and ask them to increase the capex budget in order to drill enough to reach 40k next year.

sportstermathew wrote: As per your conservative estimates, maybe the numbers will be so much better that no financing will be needed for the extra spent on CAPEX.

Also the Turnaround rate is so high now that if you can drill wells, and get your money back within the year all you need is short credit or cash to do it.

I expect more from CR's reports on production, rather than their earnings reports.