Minos,
Not to spend too much time on XTO which I own and have followed for 18 months, they should easily hit 38 to 40 cents this quarter with hedging.
Not all of the oil is hedged til 6/30, about 60% if memory serves, last quarter they netted $25.1 for oil, they will average that at least, probably above 26.50. They avg'd 2.41 for gas last quarter so 2.80, while low, would still produce the estimates. And since not all NG is hedged they will avg higher. Liquids should average about 21-22.
Do the numbers, without an increase in production, which they will have because of Hugoton, adding a 10% cost of production, and using 25.3 mil shares, which may not include the buybacks, they meet or substanially beat estimates.
There will probably be a loss due to Wiser sale, but I generally look at production costs and sales of product. As last quarter they reported .66/sh, but only 29c was production profit.
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