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

To: chowder who wrote (64519)	4/13/2000 9:32:00 PM
From: hdrjr	Respond to of 95453

Dabum, If SFS is regarded so high by ML I can only imagine what is thought of XTO. I have been looking at SFS for two weeks, but I can not justify buying it versus more XTO, or PXD for that matter. The price is right however, good luck. hdr

To: chowder who wrote (64519)	4/13/2000 10:53:00 PM
From: Think4Yourself	Respond to of 95453

SFS: Good post! If I may just add a few points, in order of importance, from the 10K released last month and the last quarterly report (heh-heh-heh) 1. (10K) We had no gas sales hedges in 1998 or 1997 and currently have no open gas sales hedges. (quarterly report) 2. Oil production increased 15 percent and gas production increased 112 percent versus the comparable period last year. The vast majority of the increase was attributable to the Snyder merger, followed by deepwater Gulf of Mexico and Rocky Mountain acquisitions as well as continued success with the drill bit. A major part of the rationale for the merger was increased exposure to U.S. natural gas, which is now being realized. 3. Three Months Ended Year Ended December 31, December 31, 1999 1998 1999 1998 OPERATIONAL Crude Oil and Liquids(MMBbls) 4.6 4.0 17.4 14.8 Natural Gas (Bcf) 33.1 15.6 105.7 65.0 Total MMBOE 10.2 6.6 35.1 25.7 Debt is reasonable too.