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: Telemarker who wrote (65958)	5/10/2000 12:10:00 PM
From: Big Dog	Read Replies (5) \| Respond to of 95453

Bull, PKD is holding up very well today. It's the only one I have with no RED attached. Good sign, yes? big Ps. QCOM has GOT to be a screaming buy at 98!!!

To: Telemarker who wrote (65958)	5/10/2000 12:49:00 PM
From: JungleInvestor	Read Replies (2) \| Respond to of 95453

Telemarker, I was just as confused as you on the cash flow and sent an e-mail to IR this morning requesting help in comparing it to Dain Rauscher Wessels' estimated cash flow of $2.64/share for the year. Following is Mr. MacDonald's response (he is the Director of EEX IR): <As per the SEC, the only number I can officially report is the Cash Flow from Operations, which includes changes in working capital and other cash items and ties to the specific line in the cash flow statement. The "analyst" cash flow will exclude working capital and other items. So, to calculate the number that Dain Rauscher would be forecasting, with the income statement in our release you would start with net income and add back the various non cash items: DD&A, exploration expenses, income taxes (since they are all deferred) and the preferred dividends since they are not paid in cash. The assumption being that working capital on an annual basis is neutral. When the final cash flow statement comes out in the 10Q shortly, we can discuss the "operating" vs "analyst" cash flow in more detail.> Based on this guidance, I plugged in the numbers from this morning's earnings release: Net Income $ 987 DD&A 21,087 Exploration 4,748 Income Taxes 2,300 Preferred stock dividends 3,242 Total Net Cash Flow $32,364 Diluted shares 42,236 Cash flow per share for quarter: $0.77/share If this cash flow is maintained for the year, it would be $3.08/share and the stock price is currently 2 7/8. They are expecting to "significantly" increase their cash flow by leasing out their recently refurbished floating production facility, they are almost at TD for a potential company-maker well at Llano (could be more than a billion bbls), and they've hit 6 of 7 wells at their newly purchased Tesoro onshore Texas properties. Anyone know of a more undervalued company?