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Spectra Energy Corp. Message Board

  • mentges mentges Oct 22, 1998 2:33 PM Flag

    Good earnings?

    Price up on heavy trading - are there some Wall Street "wispers" about good earnings?

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    • Huge volume today...but unfortunately, little
      movement. The announcement appears to have went out a
      little while before the market closed. I reviewed the
      news (revs seem impressive), but have no 3rd quarter
      analyst's expectations with which to
      compare.

      However, it seems to me that we're damn close to their
      annual estimates with only one quarter to go. Does that
      not warrant some reward (i.e. a higher share
      price)?

      Bob and Bill, any comments? Was this quarter as much
      of a non-event as the market is seemingly telling
      us?

      • 1 Reply to kenneth_starrr
      • Finally, the 3rd quarter earnings are out. Not
        exactly the net numbers I was looking for but, steady
        nonetheless. I myself was figuring that with all the sales
        numbers up, more of the revenues would fall to the bottom
        line. However, I don't think we can rush to judgement
        on the quarter until we look at all the numbers. I
        think Bob will agree with me that the real proof of
        improvement lies in the operating numbers. I do believe the
        operating cash flow will be significantly improved over the
        2nd quarter and 3rd quarter results from 97.



        SLCMBILL

 
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