SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Frank who wrote (65383)4/27/2000 2:50:00 PM
From: Think4Yourself  Read Replies (3) of 95453
 
Regarding NG situation, XTO CEO had interesting perspective comment:

We are exiting the warmest winter in over 100 years with one of the lowest NG stock levels ever.

Also said that they didn't see stocks building rapidly, even at $3+/mcf. Expecting a substantial spike in prices later this year.

Despite this, they HAVE hedged all of their NG production for this quarter at ~$3.00, and none of their NG production after that.

All of their exploration activities are exceeding expectations.

Lot's of other interesting tidbits.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News