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

To: DELT1970 who wrote (63214)	4/24/2006 7:28:36 AM
From: Ed Ajootian	Respond to of 206447

Delt, your guess is consistent with mine. Usually when somebody says "normalized" in conjunction with issuing long-term earnings estimates for an E&P company they are implying that they believe current commodity prices are not normal, and in making the long-term earnings projections have replaced current commodity prices with those they believe would be more normal. Not sure what Goldie's price deck is these days. I notice that the larger the company, the more the above approach is used in analyzing the company.