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: SliderOnTheBlack who wrote (55675)	11/30/1999 2:05:00 PM
From: Think4Yourself	Read Replies (1) of 95453

You talked me into it. After updating XTO's production numbers for last quarter in my database it popped out as a screaming buy, with an impressive CFPS of 735. I picked up most of the ask at $9 3/4. Also found this in a quick perusal of the 10K: ``We are extremely pleased with the results of the third quarter. Increased commodity prices and the purchase of Spring resulted in a doubling of cash flow compared to the second quarter,' stated Bob R. Simpson, Chairman and Chief Executive Officer. ``Importantly, additional production gains are expected in the fourth quarter due to our September purchase of additional Arkoma Basin properties from Ocean Energy and the success of our development program. We expect consolidated cash flow per share to exceed $1.00 in the fourth quarter.'

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