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 > Rig Count

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Comment by Oldnaggeron Apr 11, 2022 10:22am

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Post# 34593457

RE:Rig Count

Since the start of the pandemic, the number of DUC's has been constantly diminished. Now with the increased drilling the number of DUC's should increase. Frac counts are still seasonally low (about 270 I believe ) but are expected to rise to 300 or more by summer depending on labour, horsepower,frac sand etc.

I do not think nat gas production will rise quick enough to save North America from a very tight market next winter. Meanwhile, Canadian gas inventories are the lowest they have ever been in a long time.
There may very well be weakness a year out as the futures market is already showing !! Plenty of time to get levels down to very manageable levels !!

We should remember also that nat gas demand should remain strong, particularly since coal prices will continue to rise due to international pressures !!