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To: SliderOnTheBlack who wrote (62070)	3/13/2000 4:59:00 PM
From: ItsAllCyclical	Respond to of 95453

It's almost earnings warning season again... I'm a little concerned that any of the following could take the market down in the short term 1) Upcoming Fed meeting 2) Potential earnings warnings due to oil/interest rates 3) Triple witching next friday 4) Uncertainty about OPEC meeting. If they increase only 1 mil or less the overall market could take a hit 5) Techs at ridiculous levels. Momentum may be stalling. 6) Uncertainty about Japan's economy pulling down Asia again ...could get very interesting the next couple of weeks. If techs start to correct then the only safe haven will be oil (assuming OPEC doesn't do something really, really stupid). I'm not too worried about OPEC, I'm more worried about the spin that'll come before and after the meeting. I sold my remaining XTO today. Bought a little more AFS (financial sector), OXY and got back into RRC at 2 (very small position). Has anyone noticed the volume lately in TSO. It's been 2-3x normal, but the stock is still not going either up or down to any degree. Accumulation perhaps? TSO does have a stock buyback in place.

To: SliderOnTheBlack who wrote (62070)	3/13/2000 8:29:00 PM
From: Think4Yourself	Respond to of 95453

Yahoo still hasn't updated TTM earnings for BSNX. They have -$2.06 instead of the correct +$.72 Actually quite a few of Yahoo's numbers for BSNX appear to be wrong. This quarter BSNX should replace a -$.03 earnings with +$.30 or better, for a trailing AND forward PE of less than 11. Loved this statement from their last earnings report: Basin currently has hedging arrangements in place covering approximately 5.7 Bcfe of year 2000 production, which represents less than 16% of the company's total projected production for the period. These hedges include the sale of approximately 151,000 barrels of oil at an average NYMEX price of $25.92 per barrel, 1.2 Bcf of gas at an average NYMEX price of $2.15 per Mcf, and call options covering 3.6 Bcf of gas at an average NYMEX price of $2.50 per Mcf. The company may hedge additional production volumes in the future, but until it does so its realized prices for most of its production will depend on market conditions.