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

To: Frank who wrote (65392)	4/27/2000 3:02:00 PM
From: Think4Yourself	Respond to of 95453

Sounded to me like they already know their Q2 numbers as almost all of their production is hedged. They have said they expect to beat last quarters numbers, despite the property sales. They have locked in $.53/mcf more this quarter (on average) than last so that sounded like a nobrainer statement to me. Did you notice they are pulling out all of the liquids from their NG stream? Very profitable move! They are also exploiting this year, rather than acquiring. Based on their drilling progress last quarter it seems to me that they have acquired some premium properties. They were patting themselves on the back regarding Arkoma. Can't say that I blame them :o) Did you listen to the con call?