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To: SliderOnTheBlack who wrote (51189)9/15/1999 1:31:00 PM
From: Gary Burton  Respond to of 95453
 
Well, ok let's try another tack--What do you think of CRK? Both it and XTO have highly leveraged balance sheets (incl CRK's pfd) yet CRK may have a cfps in 2000 of 2.40ish (SSB's guesstimate)vs 4.00 for XTO (company estimate). So CRK is now trading at a 33% discount to XTO's multiple and both are highly leveraged. Am I missing something here?