Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (50930)	10/11/2005 7:21:16 PM
From: Dennis Roth	Read Replies (1) \| Respond to of 206085

APA APC BR DVN EOG Updating estimates - Goldman Sachs - October 11, 2005 We are updating our EPS estimates for Apache Corp., Anadarko Petroleum, Burlington Resources, Devon Energy, and EOG Resources (all rated IL/A) to reflect an initial estimate of the impact from hurricane shut-ins, updated company guidance for several companies, updated stock buyback prices, wider differentials to the Henry Hub benchmark gas price, and other generally minor modeling adjustments. We do not consider the changes to be material for any of the companies. We continue to have an Attractive coverage for the sector. Apache Corp. (APA; IL/A). We now estimate 3Q 2005 EPS of $2.35 ($2.46 before), 4Q 2005 EPS of $2.55 ($2.84 before), and full year 2005 EPS of $8.34 ($8.74 before). Our 2006 and 2007 EPS estimates are now $10.90 ($11.25 before) and $12.75 ($13.00 before), respectively. Our 2008-2010 (normalized) EPS estimates are now $5.00 for 2008 ($5.15 before), $5.26 for 2009 ($5.44 before), and $5.48 for 2010 ($5.69 before). Anadarko Petroleum (APC; IL/A). We now estimate 3Q 2005 EPS of $2.78 ($2.86 before), 4Q 2005 EPS of $3.33 ($3.50 before), and full year 2005 EPS of $10.28 ($10.53 before). Our 2006 and 2007 EPS estimates are now $14.30 ($14.75 before) and $17.00 ($17.50 before), respectively. There are no changes to our 2008-2010 (normalized) EPS estimates. Burlington Resources (BR; IL/A). We now estimate 3Q 2005 EPS of $1.70 ($1.86 before) and full year 2005 EPS of $6.39 ($6.55 before). Our 2006 and 2007 EPS estimates are now $8.90 ($8.55 before) and $10.10 ($10.20 before), respectively. Our 2008-2010 (normalized) EPS estimates are now $3.25 for 2008 ($3.30 before), $3.52 for 2009 ($3.62 before), and $3.76 for 2010 ($3.93 before). Devon Energy (DVN; IL/A). We now estimate 3Q 2005 EPS of $1.70 ($1.76 before), and full year 2005 EPS of $6.18 ($6.25 before). Our 2006 and 2007 EPS estimates are now $9.10 ($8.22 before) and $10.60 ($9.60 before), respectively. The increase to Devon's 2006 and 2007 EPS estimates reflect narrower assumed differentials for crude oil, as the company's below-market hedges roll-off at year-end 2005. Our 2008-2010 (normalized) EPS estimates are now $3.80 for 2008 ($3.60 before), $4.05 for 2009 ($3.86 before), and $4.31 for 2010 ($4.09 before). EOG Resources (EOG; IL/A). We have made no change to our 3Q 2005 EPS estimate of $1.36 nor our full-year 2005 EPS projection of $4.76. Our 2006 and 2007 EPS estimates are now $6.45 ($6.61 before) and $7.55 ($7.82 before), respectively. Our 2008-2010 (normalized) EPS estimates are now $3.00 for 2008 ($3.05 before), $3.30 for 2009 ($3.42 before), and $3.56 for 2010 ($3.78 before). I, Arjun Murti, hereby certify that all of the views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.