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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Think4Yourself who wrote (83240)1/2/2001 1:58:29 PM
From: sportsman  Read Replies (2) of 95453
 
JQP,
CRK will have report a tremendous quarter, no doubt about that. As we have seen in the past, earnings reporting has not moved the E&P's much at all. CRK will also have a nice increase in production this quarter but their Double A field doesn't have much exploration upside from my understanding. I believe CRK is trading around 4.5X cash flow which seems very reasonable unless you factor in falling NG prices in the future. I'm not willing to bet that NG prices will sustain $10. I made almost 50% in three weeks and I like to lock in profits.
Good luck,
Sportsman
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