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 > Perplexed I think is the definition of what we are looking 4

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Comment by gonatgasgoon May 06, 2022 7:21am

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Post# 34661327

RE:Perplexed I think is the definition of what we are looking 4

All I am going to say in response to SporsterMathew and Old nagger is

1- I am not an expert on oil and gas and I never understood the production side of it. I always relied on BTOS, but unfortunately, he is not contributing as much as before

2- Crew always sticks to their production guidance and capex guidance

3- Communication is not Crew's strength. Not sure why there is no conference calls.

I was one, a year or two ago, always thinking production should be much higher than guidance, and I was always proven wrong. I learned to accept what they are saying there, and I can only work on the cash flow calculation with what they are giving us.

When I first read Mrmomo's post, I thought I would answer but enough people have jumped in. The only thing I will add is I believe he sold his Crew shares at around $1, but I am not going to try to find his post.

Where to go to if not Crew? I always ask myself that question. Even with a lot of "cheap" stocks out there (ARX, KEL, PEY), they all have their flaws, maybe with the exception of TOU. However, there is not as much torque with TOU. I think CR could double from here before the end of next year. It just needs to increase by $1/quarter :-)

sportstermathew wrote: I have to agree all. I actually sold all my CR in my main account for PEY. Still hold a fair bit in other accounts.

CR has been a decent stock to trade for a little bit of coin profit but at $5.94 I don't think anyone can complain.

Are they holding back? I think so. The numbers don't add up. The statements Oldnagger just posted don't make sense to me either.

The way they word the statements on well production, you don't know if they mean separately per well, or total production on each pad. How long do these wells produce at these rates, what are the IRR on them, how fast do they pay off the costs of each well?

And when I see the statement:

3. Capital investment of $55 million resulted in Crew drilling five wells and

completing six.

******

Does this not seem like a huge cost for only drilling five wells and completing six?

Longer term I think CR will keep coming out with growth numbers pre earnings reports which seems to move the stock more than anything else.

If they are not growing production much more than 40,000 boe/d then debt should be paid down at some point, right?

Or, my thought is they are trying to prove up more pdp by drilling in new areas which I think are higher cost drilling sites overall.

Here is the big question: if we are not happy with CR where do we go?