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

To: jim_p who wrote (79278)	11/16/2000 10:47:23 PM
From: excardog	Respond to of 95453

jim WRC the new issue looks pretty good to me. Debt is low ,65% gas, hedges fall off year end. Listened into cc replay and in addition to the blocks listed as drilling sites for 2001 they have another 300 bcf prospect.75% offshore GOM and remainder on shore. Q3 cash flow was $1.65 which included 11 cent gain on sale of assets so $1.54 on true production revenues with 64 cents in earnings. Daily production to increase 27% in 2001. This was the company that I mentioned earlier today that had over estimated dry hole expense by roughly 5 million. Disclosure: I bought in yesterday. Thanks for all your help, Scott