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Gold/Mining/Energy : MSSN : MISSION RESOURCES (NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: 777 Captain who wrote (6)	11/19/2003 10:12:58 AM
From: Aggie	Read Replies (1) \| Respond to of 8

Captain, Yep, a bona-fide Aggie from TAMU, in the O&G E&P drilling business since '80. For what they produce, and what they have booked for reserves, I cannot see this as a very strong company at present time. They are enjoying moderate success at the drillbit, but they are pissing too much of it away to the banks. Compare them to XTO, an extremely focused gas producer (although a much bigger company, this growth is largely due to an very effective business model. They are consistent performers). What will happen when interest rates go up and commodity prices go down? Sayonara, I think. Regards Aggie