GPOR, Wade, I'm interested in seeing what #s Bobwins comes up with on this one as well. Based on their guidance, I'm projecting that GPOR will earn 14c in Q3 up from 9c last qrtr.
Earnings should really take off next year with the expiration of their $39.70 hedge at the end of this year. It's more difficult to predict #s for 2006 because they don't provide Cost estimates other than SGA and lease costs. Still, even if their production costs increase by 20%/ bbl compared to this year, I still come up with $1.46 in estimated earnings for 2006!
I'm surprised there has not been more activity on this one today, since the guidance came out after the close on Friday. Only 15K shares traded so far today and a good sized chunk of that comes from me.
