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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (26142)	2/24/2007 4:58:04 AM
From: Madharry	Respond to of 78744

The numbers dont add up to me either. I think the stock is going higher in 12 months, as they increase their proved reserves to satisfy skeptics like you. You are also assuming pretax if not you are looking at 19.8 vs 22.8 without given them credit for all the time ,effort, and resources spent acquiring acerage that they havent drilled yet. Lastly you give them no credit for hedging, management savvy, size , or proven ability to grow this business. With regard to their margins, they have choices to produce more or less gas dependent upon current pricing and hedging.