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 > AECO below $0.10 this weekend

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Comment by gonatgasgoon Sep 22, 2024 1:08pm

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Post# 36235437

RE:RE:AECO below $0.10 this weekend

Thanks Oldnagger. Better reason to vote in favour of the deal. Such a blessing to be part of a high quality company going forward.

Oldnagger wrote: From Tourmaline's Q2 report

Tourmaline's average realized natural gas price in Q2 2024 was CAD $3.03/mcf, significantly higher than the AECO 5A index price of CAD $1.20/mcf over the same period, as the Company benefited from its multi-year diversification portfolio.

With the addition of new short-term transportation service (June 2024 to March 2025) and the addition of Great Lakes transportation capacity starting November 2024, Tourmaline expects to exit 2024 with a total of 1.26 bcfpd of natural gas going to export markets.

For the remainder of 2024, Tourmaline has an average of 1,032 mmcfpd hedged at a weighted average fixed price of CAD $4.66/mcf, including an average of 161 mmcfpd in premium markets including Sumas, Malin, PG&E and JKM at a fixed price of USD $8.57/mcf. Tourmaline also has an average of 188 mmcfpd hedged at a basis to NYMEX of USD .32/mcf and an average of 996 mmcfpd of unhedged volumes exposed to export markets in 2024, of which 56% is exposed to premium markets.

Tourmaline has continued to mitigate downside price risk in local markets and has been successful at reducing both AECO and Station 2 exposure for the second half of 2024 to approximately 9% of the Company's total natural gas portfolio.