Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Brent Hogenson who wrote (47970)	7/14/1999 1:28:00 PM
From: Think4Yourself	Read Replies (1) of 95453

Interesting claim. These are the numbers I got from the 10Q: CRK TMR Operating Expenses: .58 .34 Admin .04 .23 DDA 1.31 1.03 Hard to compare, but it looks to me like TMR is the clear winner. Here are the earnings projections from Yahoo: CRK TMR This quarter -.12 -.01 Next quarter -.07 +.02 This year -.27 -.04 Next year .00 +.23 I own both (bought some CRK on the recent dip), and both appear pretty good to me compared to many small E&P's in the US. Didn't like CRK a month ago due to the high debt and insider selling, but when I worked through all the numbers it didn't look quite as bad as first blush. I hold three times as much TMR than CRK. NOTE: TMR has just lost a $6 Million judgement appeal to BP-Amoco. It has already been accounted for in a prior quarter, and is thus a non-event. The low price may be due to ignorant investors/traders thinking it will hurt earnings. The following is from the March 10K LITIGATION EXPENSES. As previously described, we recorded a charge of $6.2 million relating to the Amoco litigation. See "Legal Proceedings."

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