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


To: Aggie who wrote (7)11/20/2003 6:47:08 AM
From: 777 Captain  Respond to of 8
 
but they are pissing too much of it away to the banks.

Agreed. Discussed this with them a few months back - they're working on it.

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).

Agreed - although not a very realistic comparison. XTO is a Cadillac, MSSN, maybe a used Chevy.

What will happen when interest rates go up and commodity prices go down? Sayonara, I think.

IMHO, we're not going to see a rise in rates until Q3 of 2004, and possibly later. Think energy prices, including ng, are beginning a l/t uptrend. I'm up well over 100% so far in MSSN, and feel pretty confident that it's best days are ahead of it. Hold current management in high regard.

FWIW, if you've been drilling for over 20 years, you've been on a real roller coaster. Consider the next few years payback for some of the aggravation(sp??)

SA