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: edward miller who wrote (65277)	4/26/2000 7:54:00 AM
From: Think4Yourself	Read Replies (1) of 95453

Food for thought regarding OS/OSX vs NG EnP's: Check out the earnings reports coming out for comments by high officers. As I suspected, OSX companies are talking "It was OK BUT <insert future quarter here> should be better". Check the NG EnP's and you see: "We are very pleased with our record earnings. We believe our stock is underpriced and are initiating buybacks. We are also agressively paying down debt" One other "minor" thing. Many folks will sell when earnings season is over. While my personal belief is that funds will snap up all of the shares, I may be wrong. Average NG prices will be 10% higher this quarter than last quarter. This will mean record earnings AGAIN for the producers in my portfolio, which are mostly unhedged NG. Buy on any dips. As proof of this, listen to XTO's most recent con call regarding asset sales to reduce debt. They said last quarter would be great (I believe they said "record") and, due to recent short term NG hedges, the current quarter would be even better.

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