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littlefish

04/07/08 7:34 PM

#2317 RE: 10 bagger #2316

MXC $10-$12 18 months. LOL, you need some competition:) Although the move in DPDW from current levels would be bigger if it happened.

MXC- trading at historically low levels (going back to 2004 when book value, nat gas, and oil prices were much less).
MXC- largest gas acq. in company history last day of 2007.
MXC- 22.5% royalty interest was for 3 horizontal wells.
MXC- share count 1999 approx 1.63 mill.
MXC- share count 2008 approx 1.75 mill. Dilution avg <1%/year.
MXC- steady cost structure with G&A YOY increases typically low.
MXC- workovers in main fields done and expensed in Q1 and Q2.
MXC- nat gas prices at highest level in years.
MXC- majority of revs from nat gas.
MXC- 9 straight years of profitability.
MXC- trades under tangible book value.
MXC- highest revs in company history likely in June report.
MXC- debt interest rate down to only 5.25%.
MXC- will have increased production in fiscal 2008 vs 2007.
MXC- reserves increasing last year and should in fical 2008.
MXC- has been doing the same thing for years (no funny stuff).
MXC- Board of Directors well respected & experienced people.
MXC- tangible book value highest in company history.

There's more but you get the point... Ya I may be obsessed again LOL. Maybe I'm a bit OCD (not to make light of those afflicted with obsessive compulsive disorder). They say it runs in nurses;)
Good luck with DPDW.