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


To: Razorbak who wrote (87356)2/15/2001 10:21:12 PM
From: Timelord  Read Replies (2) | Respond to of 95453
 
O/T you should post more often, both for the T/A insight and the humor.

My TA insight has only recently gotten some polish, and I don't know if I can repeat my recent calls - I hope l'm actually developing some skill and not just lucky. This is the first OSX top that I haven't burdened myself with numerous "stuck" positions and enough margin debt to make swimming in quicksand with sandbags seem like fun <g>. Damn this feels good!! Anyway, I probably should keep my mouth shut, still a lot of hand sitting to do by the looks of things.

One thing I find is that I get distracted easily, and keeping focused is my #1 priority, which is why I sometimes take extended sabbaticals from our mosh pit <g>. I'll try to check in more frequently.

Alex



To: Razorbak who wrote (87356)2/15/2001 10:28:58 PM
From: hdrjr  Respond to of 95453
 
Donald, Donald, Donald?

Does this man read releases or does he think NG is going to $2 or does he want to get his clients in albeit a little late? XTO raises guidance 30 to 96 cents for 2001 and Donald lowers it the next day 30 cents. That's why he gets the big bucks, he knows more than Simpson does. Sheesh!

"Goldman Sachs analyst Donald F. Textor lowered 2001 EPS estimate for Cross Timbers Oil Company (XTO) to $2.41 from $2.52 and 2002 EPS estimate to $1.88 from $1.93, the stock is rated a Market Outperformer."


"The company said it now expects 2001 earnings of $252 million to $304 million excluding extraordinary items, up from the $122 million to $315 million projected Dec. 5.

Both projections are based on average gas prices for the year ranging from $3.50 to $6.50 per thousand cubic feet, the company's statement noted.

The difference was the company's ability to hedge most of its second and third quarter production at prices up to $5.50 per thousand cubic feet, said Director of Investor Relations Gary Simpson, pointing out that these are traditionally soft quarters for gas prices.

Increasing the expected average number of shares outstanding this year to 81 million from 77.1 million narrowed the range of projected earnings per share to $3.12 to $3.77 from the $1.58 to $4.09 guidance released in December. The street consensus was $2.78.

Cross Timbers also gave guidance on first quarter results using expected January and February prices and March futures prices, saying it expected earnings per share of $1.02 to $1.13. The consensus of analysts estimates compiled by First Call was $1.00."

hdr