SI
SI
discoversearch

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: CommanderCricket who wrote (51905)10/20/2005 2:46:48 PM
From: Live2Sail  Read Replies (1) | Respond to of 206326
 
I don't see why you don't think XTO doesn't deserve a whoopin'. You're far too sane.

XTO Energy (XTO:NYSE) reported third quarter earnings of 86 cents per share, up 122% from a year ago. Cash flow was an impressive $632.9 million, up 90% from a year ago. Most important, production was up 34% year over year with a very robust forecast. The company boosted its production guidance for 2005, now expecting to post growth of 30%-31% over 2004 levels and also raised its capital budget to $1.3 billion, up from $1 billion. Earnings results are 4 cents better than consensus expectations.

And, even with rising service costs, the company sees finding costs for reserve replacement in a very comfortable $1.10 to $1.20 per mcf.

There will no doubt be talk of rising oilfield costs and higher costs of acquisitions but, overall, these are solid numbers. The conference call is after the close and can be accessed from the company's website.