thanks for the NG/utility feedback.
BR is one of the big gorilla's in NG, they account for
3% of US Natural gas production and they have had hedges on
their output (by selling futures forward) but those will expire at the end of Q 3 and more in Nov.
BR is already projected to have a forward PE of 20.8
I'm showing a 1 year earnings growth of 152% in EPS.
andin 2 Q's we'll see an even bigger ramp up in earnings
due to the higher prices they'll get.
Now just remember that NG is at it's all time high and if we
top out here or in the next month and have a big fall.
I don't know if the stock price reflects that.
EOG which was spun off from ENE, and DVN are too other
gas plays, obviously their is a mix of gas and oil in
most of these companies.
Yes gas furnaces in Houston... so the heat is cheap.
That heating oil can get brutal in price....
here are some profiles:
----------------
Devon Energy Corporation is an independent energy company that explores for, acquires, develops & operates oil and gas properties. Devon owns interests in oil and gas properties in the Permian Basin in southeastern New Mexico and western Texas; the Rocky Mountain area, stretching from the border of southern Canada to New Mexico; the Mid-Continent area, including all or parts of Oklahoma, Mississippi, Louisiana, Kansas, Texas, Arkansas, and Alabama; Gulf Coast area in south Texas and south Louisiana; offshore Gulf of Mexico; western Canada; & internationally in Brazil, Venezuela, Egypt, Qatar and offshore Azerbaijan. The company has estimated proved reserves of over 669 million barrels of oil equivalent. In Aug. 99, Devon acquired PennzEnergy. In May 00, it agreed to buy Santa Fe Snyder.
--------------
Burlington Resources Inc., one of the nation's largest independent oil and gas companies, is engaged in the exploration, development, production, and marketing of crude oil and natural gas. The company, which has total proved reserves of 8.28 trillion cubic feet of natural gas and 329.4 million barrels of oil, produces more than 2 billion cubic feet of gas and nearly 90,000 barrels of oil daily from oil and gas fields in New Mexico, Colorado, Texas, Louisiana, Oklahoma, North Dakota, Montana, Wyoming, the Gulf of Mexico, Alberta, Canada, and the North Sea. In addition, the company has interests in properties with proved reserves in Algeria, Indonesia, and Colombia, and has exploration interests in Egypt, Venezuela, Colombia, and Peru. Burlington acquired Poco Petroleums Ltd. in 1999.
--------------
EOG Resources, Inc. explores for, develops, produces and markets natural gas and crude oil. EOG has estimated net proved natural gas reserves of 5,229 billion cubic feet and estimated net proved crude oil, condensate, and natural gas liquid reserves of 105 million barrels. Over 50% of reserves are in the US, with the remainder in Canada, Trinidad, India and China. Its primary US producing areas are in Wyoming, Texas, offshore in the Gulf of Mexico, New Mexico and Utah. The company operates over 4,000 net producing wells. All of EOG's drilling activities are contracted to independent drilling contractors. The company sells on the spot market and under long-term sales contracts at market responsive prices. Enron Corp. owns about 54% of EOG's outstanding common stock. |
