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To: Minos who wrote (68646)	6/22/2000 7:15:00 PM
From: upanddown	Respond to of 95453

Minos One of my favs, CRK, has this very simple info abut hedging in its 10-Q...... The Company did not hedge any of its oil or gas production in the first quarter of 2000 and currently has no open positions relating to its oil and natural gas production. Not sure if they have started hedging since 10-Q issued in early May. If they did, they would have to be at levels much closer to current market. John

To: Minos who wrote (68646)	6/22/2000 7:47:00 PM
From: Frank	Read Replies (1) \| Respond to of 95453

Minos-thanks for the very recent XTO data.I still have half my CRK and will hold to at least 10. Both XTO and CRK appear to be in good hedging positions. BSNX only has 16% hedged so they are in good shape as well. I bought quite a bit of BSNX at 13 and then again at 14. I think BSNX has the greatest upside of the three mentioned here.-- Frank

To: Minos who wrote (68646)	6/22/2000 9:00:00 PM
From: hdrjr	Read Replies (1) \| Respond to of 95453

Minos, Not to spend too much time on XTO which I own and have followed for 18 months, they should easily hit 38 to 40 cents this quarter with hedging. Not all of the oil is hedged til 6/30, about 60% if memory serves, last quarter they netted $25.1 for oil, they will average that at least, probably above 26.50. They avg'd 2.41 for gas last quarter so 2.80, while low, would still produce the estimates. And since not all NG is hedged they will avg higher. Liquids should average about 21-22. Do the numbers, without an increase in production, which they will have because of Hugoton, adding a 10% cost of production, and using 25.3 mil shares, which may not include the buybacks, they meet or substanially beat estimates. There will probably be a loss due to Wiser sale, but I generally look at production costs and sales of product. As last quarter they reported .66/sh, but only 29c was production profit. hdr

To: Minos who wrote (68646)	6/22/2000 9:02:00 PM
From: hdrjr	Respond to of 95453

Thursday, Jun 22, 2000 8:59 PM ET To: Minos who wrote ( 68648) From: hdrjr Minos, Not to spend too much time on XTO which I own and have followed for 18 months, they should easily hit 38 to 40 cents this quarter with hedging. Not all of the oil is hedged til 6/30, about 60% if memory serves, last quarter they netted $25.1 for oil, they will average that at least, probably above 26.50. They avg'd 2.41 for gas last quarter so 2.80, while low, would still produce the estimates. And since not all NG is hedged they will avg higher. Liquids should average about 21-22. Do the numbers, without an increase in production, which they will have because of Hugoton, adding a 10% cost of production, and using 25.3 mil shares, which may not include the buybacks, they meet or substanially beat estimates. There will probably be a loss due to Wiser sale, but I generally look at production costs and sales of product. As last quarter they reported .66/sh, but only 29c was production profit. hdr