Brent, Components of XNG and a small blurb from the Market Guide.
I think I'll change my moniker to the "Cut and Paste Queen"
Let us know what you like.
In case you did not see it Khalil Ayoub provided the following link to the $XNG components.
options.nasdaq-amex.com
Description of of Index
The Natural Gas Index is designed to measure the performance of highly
capitalized companies in the natural gas industry involved primarily in natural gas exploration and production and natural gas pipeline transportation and transmission.
Noble Affiliates Inc. is engaged, through its
subsidiaries, in the exploration, production and
marketing of oil and gas in the U.S., Canada, and
Africa. For the FY ended 12/31/98, revenues
decreased 18% to $911.6M. Net loss totalled $164M
vs. income of $99.3M. Revenues suffered from a
decrease in gas and oil daily production and prices.
Losses reflect an increase in dry hole expense and a
$223.3M impairment of operating assets charge.
Market Cap. 1673 million Price 20's
marketguide.com
Enron Oil and Gas Company is engaged in the
exploration for, and the development, production
and marketing of, natural gas and crude oil primarily
in major producing basins in the U.S., as well as in
Canada, Trinidad and India. For the 3 months ended
3/31/99, total revenues fell 20% to $159M. Net
income fell 81% to $5.1M. Revenues reflect lower
average prices for natural gas and oil. Earnings also
reflect increased depreciation & S/G/A costs.
Market Cap. 2949 million Price around 19
marketguide.com
WMB is engaged in the transportation and sale of
natural gas and petroleum products, and is engaged
in energy commodity trading and marketing. WMB
also engages in the communications business. For
the FY ended 12/98, revenues fell 7% to $7.66B. Net
income applic. to Common from cont. ops. before
extra item fell 69% to $139.5M. Results reflect lower
petroleum products and natural gas prices. Earnings
also reflect the absence of a gain on the sale of
assets.
Also has bigtime fiber optic network utilizing no right of costs as a result of NG pipeline network. Very similar to QWEST who used railroad right of to build their bandwidth monster.
Market Cap. 20,641 million Price 50
marketguide.com
Union Pacific Resources is engaged in the
exploration for and the development and production
of natural gas, natural gas liquids and crude oil in
the United States, Canada and other international
areas. For the three months ended 3/31/99, revenues
increased 2% to $415.1M. Net loss from continuing
operations rose 71% to $42.3M. Results reflect
properties added in the Norcen Acquisition and a
$35.9M income tax benefit.
Market Cap. 3703 million Price 14
marketguide.com
STR is an integrated energy services holding
company. STR has two divisions, Market Resources
(energy development and production, gas gathering
and processing) & Regulated Services (interstate
gas transmission and storage activities). For the
three months ended 3/98, revenues fell 7% to
$277.8M. Net income rose 6% to $43.4M. Revenues
reflect lower volumes and lower natural gas prices.
Earnings reflect higher interest and other income.
Market Cap. 1533 million Price 19
marketguide.com
Sonat operates in three segments: Exploration and
Production (explores, develops, and produces oil and
gas); Natural Gas Transmission (interstate
transmission & storage of gas); and Energy Services
(markets gas & electric power). For the 3 months
ended 3/99, revenues fell 30% to $773.7M. Net loss
totalled $212.2M vs. an income of $28M. Results
reflect decreased energy prices, lower production
volumes and increased ceiling test charges.
Market Cap. 3797 million Price 35
marketguide.com
PPP and subsidiaries are engaged in oil and gas
exploration, development and production activities
on its properties located offshore in the Gulf of
Mexico and onshore in the U.S. and Canada and
internationally in the Gulf of Thailand and the U.K.
For the 3 months ended 3/99, revenues rose 25% to
$76M. Net income totalled $14.3M, up from $184K.
Results reflect gains on sales of properties and
decreased exploration and depreciation expenses
Market Cap 762 million Price 15
marketguide.com
Ocean Energy, Inc. is an independent energy
company engaged in the development, production,
exploration and acquisition of oil & natural gas
offshore of the Gulf of Mexico, across North
America & other oil & gas producing regions. For
the FY ended 12/98, revenues fell 5% to $523.3M.
Net loss before extra. item applic. to Common
totalled $407.3M vs. an income of $62.2M. Results
reflect lower oil & gas prices and $539.9M in
property write-downs.
Market Cap. 1508 million Price close to 10
marketguide.com
Enron Corporation is engaged in the exploration for
& production of natural gas & crude oil;
transportation of natural gas through pipelines;
generation & transmission of electricity; & the
development & operation of power plants, pipelines
& other energy related assets. For the 3 months
ended 3/99, revenues rose 34% to $7.63B. Net income
applic. to Common before acct. change rose 19% to
$249M. Results reflect acquisitions, partially offset
by lower margins.
Market Cap. 25,726 million Price 70
marketguide.com
EEX Corporation is a natural gas and oil exploration
and production company with activities focused in
Texas and the Gulf of Mexico. For the 3 months
ended 3/31/99, total revenues decreased 39% to
$39.6M. Net loss applic. to Com. decreased 4% to
$18.3M. Revenues suffered from a decrease in
average gas prices and lower natural gas production
due to sales of non-core properties. Lower loss
benefitted from the absence of a $6M charge for the
sale of properties.
Market Cap. 297 million Price 6
marketguide.com
CNG is a public utility holding Company of 19
subsidiaries engaged in the exploration and
production of natural gas and oil and provides a
variety of energy marketing services. For the FY
ended 12/31/98, total revenues fell 13% to $2.76B.
Net income from cont. ops. fell 10% to $287.7M.
Revenues reflect lower average wellhead prices and
the effects of a warmer winter. Earnings were
partially offset by ongoing cost reduction efforts.
Market Cap. 5862 million Price 50s
marketguide.com
Burlington Resources, Inc., is a holding company
engaged, through its subsidiaries, in the exploration,
development, production and marketing of oil and
gas. For the 3 months ended 3/31/99, revenues
decreased 19% to $349M. Net loss totalled $10M vs.
an income of $48M. Revenues reflect lower oil and
gas sales prices and production volumes. Loss also
reflects increased production, depreciation and
interest expenses.
Market Cap. 8146 million Price 40
marketguide.com
Apache Corporation is an independent energy
company that explores for, develops, and produces
natural gas, crude oil and natural gas liquids. For the
FY ended 12/31/98, total revenues fell 26% to
$875.7M. Net loss applic. to Com. totalled to
$131.4M vs. an income of $154.9M. Results reflect
lower natural gas prices and decreased gathering,
processing and marketing revenues due to lower
prices and volumes. Loss also reflects a $243M
depreciation charge.
Market Cap. 3690 million Price 30s
marketguide.com
Anadarko Petroleum, is engaged in the exploration,
development, production, and marketing of natural
gas, crude oil, condensate and natural gas liquids.
For the FY ended 12/98, revenues decreased 17% to
$560.3M. Net loss applicable to Common totalled
$49.3M vs income of $107.3M. Revenues reflect
lower commodity prices. Loss also reflects higher
operating expenses, general and administrative
costs, higher debt levels and a $70M impairment
charge.
Market Cap 4389 million Price 30's
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