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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (33722)	11/17/2003 2:39:57 PM
From: Eva	Read Replies (1) \| Respond to of 36161

Jane << Maybe you could ask Iso to comment over on sister Nat'l Resources thread.>> ....have you no shame, sister, just kidding, sure why not! LOL Eva

To: Jane4IceCream who wrote (33722)	11/17/2003 3:17:29 PM
From: Bert	Read Replies (2) \| Respond to of 36161

Jane, Don't know what Iso's take on it is, but I suspect he is waiting for his indicators to line up and produce a buy signal. Can't blame him for sitting it out here. I bot @ 1.75 or so also. Tomorrow should produce a definitive bottom IMO. I will average down when the Macd oscillator turns up, which will probably result in a buy at 1.75...I'm tempted here, but will wait...I just see a high beta stock with potential getting whacked for accumulation purposes..so I will do the same. Cheers, Bert

To: Jane4IceCream who wrote (33722)	11/18/2003 10:02:02 AM
From: Aggie	Read Replies (1) \| Respond to of 36161

Jane456, hello. One thing I noticed....look at the guidance for FY 2003: biz.yahoo.com Lease Operating Expense + Taxes + DD&A + G&A = $3.86 - $4.16/mcfe Operating Expense. Add to this the Cash Interest Expense for 2003 of $23 - 25 million: Not much room for profit is there? Their gas sales for the last 3 months has been at $4.17, for the last 9 months is $4.53. Why so much interest expense ($23-25 million?) on a company that only will generate ~130 million in revenues this year? I find their operating costs, in particular lease expense, to be high. Perhaps the reason the stock is declining is because the analysts do not expect price firmness? Regards to all, Aggie