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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (617)	2/28/2001 7:12:07 PM
From: Jane4IceCream	Respond to of 23153

Be careful with WCOM here. They announced a layoff of 6000 employees this afternoon, Standard and Poor's has downgraded their debt ratings, and the telecom sector in general is reeling from infrastructure costs and outdated systems. Kind of like a minefield out there! Jane

To: Jane4IceCream who wrote (617)	2/28/2001 7:39:08 PM
From: excardog	Read Replies (1) \| Respond to of 23153

For those of you that care I spent the time to listen to the CPE conference call and for those of you that have listened in on these E&P CC's know they can be pretty boring. Lots of analyst questions. Pretty high capex budget 2001 90 million or so. To be funded from cash flow plus 25 million of debt. So if you play with the numbers they expect $5 or so per share cash flow 2001 or better. Management has some options priced in the $11's. They're not too pumped on the stock price. Duh. Good news is book value based on a more conservative (2002) NYMEX price strip is about $28 per share less taxes. So if you sawed that number in half to be super conservative book value is say $14. Should help on the downside. Sizzle remains in the drill bit and their site selection this year is more shallow oriented which might be a little less risky. Anyway plenty of reserves to back up share price for those that care. Best