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

To: SliderOnTheBlack who wrote (59892)	2/7/2000 12:30:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

XTO is definitely the PREMIER play in the EnP patch for this year. Everything should come together for them. Regarding the stock buyback, it was discussed during the con call. It will be somewhere in the $35-40 mill range. There will be a formal announcement later this quarter (probably after Simpson finishes the buying he hinted at during the call). There are also property sales occurring this quarter, and even AFTER the sales are taken into account they expect to grow production 5% this year. They are also expecting to pay down $140 mil of their debt over the next 18 months. Arkoma results are looking even better than they hoped. IMHO it is not unreasonable to expect a substantial upward revision to reserves later this year.