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: Think4Yourself who wrote (55378)	11/24/1999 2:35:00 PM
From: The Ox	Respond to of 95453

Last year's earnings negative, with the huge write-offs are probably discouraging some investors from jumping in on TMR. Nothing like looking at a new "investment" and seeing EPS at -$4.00! That will scare away alot of people. I think the stock is very attractive at $4/sh. Dipped my toe in the water at $4 yesterday. Thanks for all the discussion on TMR. Have a happy Thanksgiving all! Michael

To: Think4Yourself who wrote (55378)	11/24/1999 3:04:00 PM
From: Gameboy	Respond to of 95453

Will higher crude prices improve OEI's earnings? Yes and bigtime! Given third quarter sales of $214 million and assuming 60% of that was derived from crude sales, OEI would be deriving $128 million of revenue from crude; at $19/barrel (a ballpark guess) - that would mean OEI is selling about 6 1/2 million barrels/qtr of crude. OEI's hedge of 5600 barrels/day would amount to about 504,000 barrels/qtr while of some consequence, would not be substantial. Third quarter NYMEX crude averaged $21.71 and so far fourth quarter NYMEX is averaging slightly more than $23.50 - an increase of $1.79/barrel A fourth quarter increase of $2/barrel on 6 1/2 million barrels would translate into an increase of $13 million on the bottom line. A fourth quarter increase of $3/barrel on 6 1/2 million barrels would translate into an increase of $19.5 million. Now add in severe cost cutting measures, higher natural gas prices, and reduced interest payments. Third quarter: $28.8 million, 17 cents/share (actual result) Fourth quarter: $50 million+, 30 cents/share The Gameboy estimate