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: dfloydr who wrote (51475)	9/20/1999 6:56:00 PM
From: Think4Yourself	Read Replies (5) of 95453

D. Floyd Russell, Since I am finished accumulating TMR... JUST THE FACTS: Here's the reason to buy TMR, and buy it big some numbers from last quarter: NG prod 5,728,000 mcf @ $2.28 Oil prod 1,120,000 bbl @ $15.87 Oil averaged roughly $20 for this quarter NG averaged roughly $2.70 for the quarter Insurance completely covered the blowout according to TMR sooooo I get +$4.6 mil for oil differential +$2.4 mil for NG differential or an extra 7 mil due to prices. we have 45 million shares outstanding, so we have an extra $.15 in earnings JUST from the differential. Last quarter they made $.03, so that suggests $.18 for this quarter. CONCENSUS IS $.04 WITH HIGHEST GUESS OF $.08. CONCENSUS FOR ALL OF NEXT YEAR IS ONLY $.30. THAT's why TMR is 70% of my net worth. NOTE: Not many EnP's get to take advantage of prices like this. Most have made poor hedging decisions which limit their gains. TMR gambled and won big by not hedging production. Most analysts haven't realized this yet. So, am I still guilty of hyping? :-)

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