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To: JHR who wrote (67137)5/26/2000 9:01:00 AM
From: JHR  Respond to of 95453
 
A quick (and maybe erroneous calculation) gives me $3.00 per share earnings on the combined company.

DVN has 86.9 mill shares out, SFS has 182 mill. Combined they will have 126 mill.

DVN earnings est for 2000 are 2.31 or 200 mill, SFS's earnings are est at 0.73 or 133 mill. Combined 333 with 126 mill in earnings.