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 > Crew drilling 9 more wells

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Comment by gonatgasgoon May 08, 2023 10:51am

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Post# 35436344

RE:RE:RE:RE:Crew drilling 9 more wells

Dale wants a $20 share price, which he will never get in this "new environment".

Dale is not worried about the short to mid term share price. If the price goes to $10 (you pick your number) in 4 years from now, he does not care if it hits $1 between now and then before it goes to $10.

For me, it is the opposite. I want a high stock price like everybody else, but I would prefer a steady increase.

PonyBoy, I would have preferred an organic growth also..just steadly even if it means it takes longer to get to the figure Dale wants.

Crew is a $700M market cap company. You can't spend $300M+ and start getting the rewards only 2-3 years later. It is too risky.

You look ta a company like ARX, from memory, I think they decided to spend $700M on Attachie to increase production by 40,000 boe/d. They are a $10B company. That makes sense; not what Crew wants to do.

PonyBoyOutsider wrote:
Gonatgasgo, my biggest question is: why didn't Crew take themselves organically with growth to capacity of 40,000 boe/d and then, once they were there, announce growth plans. I think Crew could have enjoyed a year or so at full capacity and little debt, with increased Condensate exposure. They must have arrangements made that line up with the LNG Canada startup that we are unaware of is my guess

Also another question, why transfer the longer term notes not due till 2024 to the Credit Line early? Wouldn't the interest rate be higher on the line of credit? Or am I wrong? Again, seems like a clear path is being built to take a next step into their 4 year plan. I guess they do hint that they are looking at this option(New Unsecured Debt) in the news letter about the Early Redemption.

As Liquidity tightens from Banking & Markets, not really a big fan of them running right back into a large debt leverage again, but again, I do trust Dale must know more than I on what is best for the Co. and all us Shareholders.

Still worried a bit about dilution. And Still hoping for more non core sales (oak/tower)

PonyBoy Outsider