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 (64914)	4/18/2000 9:58:00 PM
From: Wowzer	Read Replies (1) \| Respond to of 95453

Now we see how the market reacts tomorrow to these earnings. A normal rational investor would assume a positive reaction. However, this is Wall Street we are talking about and if EOG can't hold a gain by the end of the day.... On the Yahoo RIG message board oilforever came up with an interesting observation. Not that any of us didn't know the API data is bunch of shit anyway.... API and Revised Crude Stocks by: oilforever (33/Orange County, CA) 4/18/00 8:11 pm Msg: 13226 of 13227 I guess, one should be careful when API reports 6.6 M increase in crude stocks. Go and check with crude stocks with the previous week's number . Courtesy of Joe's numbers here is what we see in the last 7 weeks: Joe reported 284.1 M crude stocks on 2/29/00. In the next seven weeks the API reported crude change was (+7.2, -3.6, +4.7, -1.2, +4.6, +4.2, +6.6). The "total" of "change"s in this period from 2/29/00 is 22.5 M . This weeks's reported crude stock is 303.6 M. Well, the difference from 2/2/9/00 is 19.5 M. API is overestimating the crude stocks thus showing increased crude built. And, in the next report API revises DOWN previous week's crude stoks, thus increasing the "crude built" of current week (as in the case of this week). Well, this reduces the crude built in the previous week. But, who cares for the past week. The crude built is "larger than expected" for the current week (which will be most likely revised down in next week's report.)

To: Think4Yourself who wrote (64914)	4/18/2000 10:00:00 PM
From: jim_p	Respond to of 95453

At $24.00 per share, that works out to be a little over 4 times annualized first quarters cash flow. Next quarter will be better due to higher NG prices. A company like EOG should sell for at least 5-6 times cash flow or $28-34.00 per share. I sold most of mine around $24.00, but I still have a core position. Jim

To: Think4Yourself who wrote (64914)	4/18/2000 10:12:00 PM
From: Razorbak	Respond to of 95453

EOG Earnings John: If I recall correctly, analysts' estimates are usually for operating income before extraordinary items, since they have no way of predicting extraordinary items. If you exclude the $18.2MM after tax gain from the sale of the Enron Corp options, then EOG generated $20.6MM of operating income before the options sale (an extraordinary item). That equates to $0.18/share, which is below the $0.23/share average estimate (presumably First Call). Looked at from this perspective, EOG appears to have underperformed. That's the way I see it at least. Have I missed something in my analysis? Razor