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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (185212)	8/1/2002 8:44:32 AM
From: yard_man	Respond to of 436258

jump in -- more likely than not ur right -- just watch the p/c's and the vols -- if they drop through the floor, tread lightly, IMO.

To: MythMan who wrote (185212)	8/1/2002 8:55:26 AM
From: yard_man	Read Replies (1) \| Respond to of 436258

maybe a buying oppty here, too <s> >>IRVING, Texas (Reuters) - Exxon Mobil Corp. (NYSE:XOM - News), the world's No. 1 publicly traded oil company, on Thursday reported a 41 percent drop in quarterly earnings alongside a downturn in profit margins in its oil refining business. ADVERTISEMENT Exxon Mobil, based in Irving, Texas, said net income fell to $2.64 billion, or 39 cents a diluted share, from $4.46 billion, or 65 cents a diluted share, a year earlier. Profit from producing fuels such as gasoline, heating oil and jet fuel was undercut by the economic slowdown and the decline in travel after the Sept. 11 attacks on the United States. It was the fourth consecutive quarter of lower earnings for the energy giant, after a string of record-breaking results. Profits fell well short of the average Wall Street forecast. << >>Associated Press Royal Dutch Shell reports 39 percent slide in quarterly earnings By BRUCE STANLEY, AP Business Writer LONDON (AP) -- Royal Dutch/Shell Group of Cos. announced Thursday a 39 percent drop in second-quarter net income, attributing the decline to higher operating costs and a weak market for refined petroleum products. ADVERTISEMENT Lower prices for oil and natural gas also had an effect on the group's results for the three months ending June 30. Prices for North Sea Brent declined by $2.35 a barrel, or 9 percent, from the same period last year, the company said. Shell earned $2.21 billion in the quarter compared to $3.61 billion a year ago. Quarterly sales rose 25 percent to $57.6 billion from $46.0 billion, due partly to a boost from the acquisition this spring of Britain's Enterprise Oil PLC. Shares for Shell Transport & Trading Co., the Shell entity listed on the London Stock Exchange, fell 3.2 percent to 422 pence ( $6.54) each in midday trading. "Our second quarter earnings are below our aspirations ...," said chairman Philip Watts. "We have more work to do on costs and capital efficiency." << You'll laugh, but I think puts on NG futures are a decent bet.

To: MythMan who wrote (185212)	8/1/2002 9:05:00 AM
From: yard_man	Read Replies (1) \| Respond to of 436258

not a buying oppty here yet -- but someone is trying to sell the remnants of the bubble. Cash is king -- sit back and let the prices decline >>Reuters Company News Calpine profit falls on weak electricity, gas prices SAN JOSE, Calif., Aug 1 (Reuters) - Power producer Calpine Corp. (NYSE:CPN - News) on Thursday reported lower second-quarter earnings, citing weakness in electricity and natural gas prices, and slashed its full-year earnings forecast. The company also said it had identified potential asset sales that could yield $250 million. The San Jose, California-based company reported net income of $73 million, or 19 cents a share, down from $108 million, or 32 cents a share, in the same period last year. Last week the company said it would report earnings of about $72 million, or 18 cents to 19 cents a share. Shares of Calpine closed at $4.97 on Wednesday on the New York Stock Exchange. The shares fell 44.6 percent during the second quarter, underperforming the 40-company S&P Utility Index, which fell 17.7 percent. <<