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To: Frank who wrote (65383)4/27/2000 2:19:00 PM
From: Think4Yourself  Respond to of 95453
 
Very well put. Couldn't have said it better myself.

Listening to the XTO con call now. Interesting...



To: Frank who wrote (65383)4/27/2000 2:50:00 PM
From: Think4Yourself  Read Replies (3) | Respond to of 95453
 
Regarding NG situation, XTO CEO had interesting perspective comment:

We are exiting the warmest winter in over 100 years with one of the lowest NG stock levels ever.

Also said that they didn't see stocks building rapidly, even at $3+/mcf. Expecting a substantial spike in prices later this year.

Despite this, they HAVE hedged all of their NG production for this quarter at ~$3.00, and none of their NG production after that.

All of their exploration activities are exceeding expectations.

Lot's of other interesting tidbits.