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: upanddown who wrote (48020)	7/15/1999 9:38:00 AM
From: Think4Yourself	Read Replies (2) of 95453

You have valid points. I don't go back more than a quarter in this industry to compare results. A few reasons: 1. Property acquisitions/dispositions 2. Accounting practices were different, negating any comparisons made 3. 3D Seismic has changed the playing field 4. # shares outstanding changes For example, last year TMR bought the LA properties from Shell for $37 Mil and 12 million shares of stock (+13 mil if preferred converted). Add that to the writedown and you have the vast majority of that hefty loss. Looking to the future, Analysts like TMR better (see post 47974). TMR has lower costs and last quarter TMR's production increased while CRK's decreased (according to the companies) Just for grins I picked a random quarter 3/97 to compare. Man, was I ever surprised! A little quick math between then and now reveals that TMR IS GROWING MUCH MORE RAPIDLY THAN CRK 3/97 CRK TMR Gas 5520 1442 mmcf oil 299 153 mbbl 3/99 CRK TMR Gas 6036 6109 mmcf oil 686 1044 mbbl As I have said before, both appear to be good companies.

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