Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (48620)	7/30/1999 7:06:00 AM
From: Think4Yourself	Respond to of 95453

Heat index = 120 degrees in Chicago today! Brownout time? ComEd was straining yesterday with all plants online and all voluntary cuts taken. Thermometer readings expected today: Chicago = 99 Kansas City = 101 St. Louis = 104

To: SliderOnTheBlack who wrote (48620)	7/30/1999 8:45:00 AM
From: ldo79	Respond to of 95453

Slider, here's the latest on a micro you mentioned back in early July that I researched and picked up - thanks. Magnum Hunter Reports Record Second Quarter 1999 Operating Results: Oil & Gas Production Up 23%; Operating Profit Up 102%; Cash Flow Up 68% IRVING, Texas, July 30 /PRNewswire/ -- Magnum Hunter Resources, Inc. (Amex: MHR - news; ''Magnum Hunter'') announced today increased oil and gas production and total revenues for the second quarter ended June 30, 1999. Gas production increased 31% to 4.6 billion cubic feet, up from 3.5 billion cubic feet in the second quarter of 1998. Oil production for the second quarter of 1999 increased 6% to 298 thousand barrels from 281 thousand barrels in the second quarter of 1998. Oil and gas revenues increased 16% to $13.4 million in the second quarter of 1999 from $11.5 million in the second quarter of 1998. Approximately 68% of Magnum Hunter's production during the second quarter was natural gas. Regards

To: SliderOnTheBlack who wrote (48620)	7/30/1999 8:45:00 AM
From: Gary Burton	Read Replies (1) \| Respond to of 95453

In the fwiw dep't, I put on my FA hat for a moment--I can do the math folks, just that I prefer TA!-- and looked at the Q1 cash flow statements of CRK,TMR,RRC and CHK. Fixed charge coverage was as follows ----RRC 1.81x...TMR 1.66x...CRK 1.61x...CHK 1.28x ('fixed charges= interest+ pfd div grossed up to pretax effect; coverage =pretax cash flow before dd&e and interest). If i am not mistaken, I think CHK is now trading at a PCF multiple on 2000 in the 2.5-2.7 area (??)whereas the others are RRC 1.85, CRK 1.94 and TMR 2.08--anyone know what the guesstimate of CHK's 2000 cfps is (using the same gas price assumed in say the RRC estimate) so one can hone in on how undervalued the other debt heavy ones are on a relative basis?