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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Wowzer who wrote (57472)12/28/1999 3:03:00 PM
From: Taylor Mill  Read Replies (1) of 95453
 
Rory

I have more than tripled my XTO position in the last few weeks including a new buy earlier today at 8 3/8.

While I do not necessarily advocate that others rush out and buy, I do believe that XTO is one of the more conservative and financially sound of the mid-size E&P companies. The only downside here is that commodity price weakness and continuing lack of favor for the E&P industry could easily result in a dip to the less than $5 lows witnessed last winter.

But one thing we can bank on is that XTO's resource base and financial strength will keep it out of jeopardy much longer than most of its peers if industry problems return in a form like 1998.
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