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

To: ItsAllCyclical who wrote (59172)	1/26/2000 2:15:00 PM
From: Harold S.	Read Replies (1) \| Respond to of 95453

XTO...I keep hearing people recommending XTO. Can someone tell me what is the possible upside potential of an XTO from the 8 3/4 area Vs. FLC from the 13 1/4 area? I am not sure which plays more bang for your buck? Suggestions?

To: ItsAllCyclical who wrote (59172)	1/26/2000 4:46:00 PM
From: hdrjr	Read Replies (1) \| Respond to of 95453

JimL, Applying APC's oil, gas, and gas liquids average dollar value to XTO's production numbers for the 3rd quarter presents an interesting jump in quarterly profits. Applying these numbers is reasonable when considering XTO hedges. Assuming minor production cost increases, XTO could easily net 50% more profit for the 4th quarter over the 3rd. This does not take into account the expected quarter over quarter production increase in gas and liquids. Nor does this take into consideration XTO's debt reduction. This may not become evident until after the 1st quarter of 2000. My prediction is 28 cents for the 4th versus the estimated 23 cents. Could go as high as 30 cnets. Whether anyone will notice is another story. By the end of 2000 XTO could go to $12 and still have a single digit PE. but of course PE's are not important any longer. hdr