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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject3/24/2003 3:58:04 AM
From: jimsioi  Read Replies (1) of 36161
 
ISO one you've mentioned : CRZO Facts & recommendation .

Saw this in a email newsletter I get weekly. Where do they come from?? Puts the facts together for CRZO. Didn't realize the stock was under $5.

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CEO Cast:

Carrizo Oil & Gas, Inc. (NASDAQ: CRZO), a Houston-based offshore energy company in Texas and the Louisiana Gulf Coast regions reported significantly improved earnings for Q4, 2002. Revenues for the three months ended December 31, 2002 increased 118 percent to $9.2 million. The increased level of revenues was driven primarily by an 80 percent increase in production combined with higher prevailing oil and natural gas prices. Operating Cash Flow increased to $6.8 million, or $0.48 per basic share, as compared to $2.6 million, or $0.18 per basic share, during the fourth quarter of 2001. The company reported net income of $2.2 million, or $0.14 per diluted share compared to $0.2 million, or $0.01 per diluted share for the 2001 quarter. For the year, the company replaced 150 percent of production, with year-end reserve levels reaching 63 Bcfe. With the stock closing down 27 cents for the week to $4.76, investors have the best entry point since late in 2002.

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Some comparisons
siliconinvestor.com

Note that EENC reports 2002 ending results Monday before the opening....
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