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To: Douglas V. Fant who wrote (49870)8/25/1999 9:08:00 PM
From: hdrjr  Read Replies (1) | Respond to of 95453
 
Douglas,

I had asked the board earlier if anyone knew anything about Cross Timbers with no response. I have followed and appreciated your input since I started following this board a year ago and it is nice to see you mention Cross Timbers. From what I can learn about them they took a hit regarding their EPS at the end of last year and early this year to acquire additional reserves and showed 0.61 per share in the most recent quarter. Not too shabby! They claim that their domestic replacement cost per Bcf is the lowest amongst their competitors at 0. 64, hope that is true since I bought in today. Their debt ratio seems high due to their acquisitons but the did profit substanially last quarter with lower gas rates. If you know about any hedges I would like to know. So far my research has been limited.

hdr