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Crane Co T.CR


Primary Symbol: CR Alternate Symbol(s):  CXT

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

Comment by sportstermathewon Dec 09, 2022 9:19am
231 Views
Post# 35161313

RE:RE:RE:RE:RE:Well Gonatgasgo

RE:RE:RE:RE:RE:Well Gonatgasgo This news release is only one factor regarding CR.

It proves they are very solid and going to grow.  Maybe they are underselling and with BC issues a concern can't input much of this yet.

I like the main paragraph as follows:

Crew’s Four-Year Plan is designed to build on the momentum gained over the last two years, underpinned by a planned active hedging program and continued focus on operational excellence and execution. The Company’s long runway of more than 2,500 identified potential drilling locations6, of which only 219 are currently booked, supports our goal to double Crew’s production to more than 60,000 boe per day2 between 2023 and 2026, while maintaining a net debt3 to LTM EBITDA4 ratio of approximately one times or less through that period. In the development of our dynamic and flexible Four-Year Plan, the Company has taken a measured approach and considered a variety of potential adverse events7. By doing so, Crew plans to implement cost-effective contingencies available for exercise at our option to maintain the position of financial strength that we successfully realized by executing our previous 2020 two-year plan.


Some of their wells are so strong I doubt production won't grow.




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