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


To: Frank who wrote (68653)6/23/2000 8:17:00 AM
From: Think4Yourself  Read Replies (1) | Respond to of 95453
 
Price target for XTO? Not at this time. It may continue to drift down for a bit. All I know is that at $4 NG they will get an extra $34 mil next quarter on NG alone. Take $11 mil out for taxes and royalties and you get an extra $.50 EPS per quarter just from that. Then there is the oil...and the Anandarko properties...

I ignored the news on the Wiser properties. They already took their lumps on that. They are actually making money on it now.

FWIW I have shares of the Hugoton Trust (HGT) as well. I really like that monthly dividend check since I am not working. Was also looking at the Cross Timbers Trust (CRT) which has a higher dividend but it is highly illiquid.

There are so many EnP bargains out there now. Many managements are wising up and not renewing their hedges. My cash keeps migrating back in as earnings season approaches and folks get a bit cautious and sell their holdings.