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

To: hdrjr who wrote (65424)	4/27/2000 10:23:00 PM
From: Think4Yourself	Respond to of 95453

Yes, the debt is there but the record cash flow is guaranteed through this quarter, at the worst. They are still planning to reduce by 100 mil from current levels by year end. Also note that they made a minor reduction this past quarter despite the Lehman 100 mil payout and the stock buyback. They considered more property sales but felt it would cut into too much "meat". They decided to grow out of the debt instead, by exploiting the properties. From what I can tell, it was the plan all along that the bulk of the debt payments would be made in quarters 2-4, due to the need for cash to buy out Lehman. Good news for fans of KEG and the like. XTO is planning on reworking or improving hundreds of wells this year. They specifically mentioned adding compressors (what does this give them?).It is going to be all "bread and butter" work. EEE used the same phrase recently. Does it have a significant meaning in this industry?

To: hdrjr who wrote (65424)	4/27/2000 10:49:00 PM
From: sportsman	Respond to of 95453

hdr, I sold all of my XTO today. I still like XTO but decided to lock in profits. I had bought my shares at 8 a while back. As of yet, the strong earnings reports in the E&P's hasn't increased the stock prices by much. I had also bought Basin about a week ago below 12 so it was some rotation. I like Basin's balance sheet much better. I'm still holding APA, OEI, BSNX, and OIL in the E&P's. I might lock in some more profits but won't let go of my OIL until EG is proven out. OIL has been an awesome ride from 12 and I think there is still tremendous upside this year (depending on EG of course). Good luck with XTO, Sportsman