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: Tomas who wrote (56612)	12/9/1999 9:07:00 PM
From: Brent Hogenson	Read Replies (1) of 95453

XTO???? I am thoroughly confused. Yahoo is showing earnings last quarter @ .18, next quarter @ .22, this year @ .30, and next year @ .66. biz.yahoo.com XTO's press release: biz.yahoo.com The preceding press release says XTO earned .28 last quarter (cash flow from operations were .81), the CEO states that cash flow WILL EXCEED $1.00 in the 4th quarter. Further down the article, earnings for the first nine months were .87 so far this year. All this while selling oil at an average price of $15 per barrel and gas at 2.04 per Mcf. How can Yahoo and Excite for that matter be so far off in their estimates and what has already transpired this year? Can this company's fair value really be 2x forward cash flow? Or are their reserve depleting that much? I think I might be buying some XTO tomorrow. I tried to call IR but the main guy was in a meeting all day. I will try to reach him again tomorrow and if I like what I hear I will load up the truck.

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