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: Frank who wrote (68645)	6/22/2000 6:13:00 PM
From: Minos	Read Replies (4) \| Respond to of 95453

Frank...XTO Actually called the co today to ask about hedges. Gas is 60% hedged at ~ $2.80 til 6/30. Oil is hedged at ~ $24.10 til 6/30. Going forward, gas is only 20% hedged (I think at $2.80 still, although I can barely read my own hand writing now.) The rest is unhedged. Oil is unhedged for second half of the year. I'm not sure how hedges will impact 2Q earnings or near-term stock price. Probably won't be any blow-out earnings this quarter; however, if the Street is truly forward looking I believe there should be plenty of upside still, bwdik. Earnings estimates have also been revised upward according to Yahoo. Anybody have other definitive hedging info on their favorites? -Minos

To: Frank who wrote (68645)	6/22/2000 7:33:00 PM
From: Think4Yourself	Read Replies (3) \| Respond to of 95453

I did and am doing the exact same thing with XTO, except I got an extra 2+ bucks for my shares (lucky!). I have been an agressive buyer yesterday and today. Except for inherited hedges their NG production will be exposed to market prices starting July 1. I believe oil is also going to be at market prices (I haven't called them in three months). EDIT: Minos, for Q2 NG is hadged at about $2.90 (It's a ladder structure). They WILL have record earnings this quarter, but the next quarter will blow away this quarter's record.