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 > Baker Hughes rigs count down 16 on the week

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Comment by PabloLafortuneon May 19, 2023 11:48am

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Post# 35456593

RE:RE:Baker Hughes rigs count down 16 on the week

Thanks ON. Also, if you look carefully at natural gas storage movements in the past 6 weeks, they are more or less the same as they were in 2021 and 2020 (2022 was lower).. The conclusion I draw from that is supply and demand is currently in balance. But if producers cut back drilling and completions, it won't be for long.

Moreover, prices for natgas were higher in 2021 than they are now including strip. For example, September 2021 was $4.07 whereas NGU23 (from marketwatch) the September forward is at $2.87 (and was $2.57 a couple of days ago). You would expect w/o cutbacks to drilling and completions, that this September contract would be closer to $4 (interestingly enough, the January 2024 contract is $4 and January 22 natgas price was $4.07...). And with cutbacks north of $4 obviously.

Interesting times for natgas investors.

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