Recent

% | $
Quotes you view appear here for quick access.

iShares Trust - iShares Mortgage Real Estate Capped ETF Message Board

  • gckinv_1999 gckinv_1999 Aug 26, 2005 8:00 PM Flag

    REM EPS $1.10 for quarter 3

    Production 97% of quarter 2 = 576.000 barrels of oil and 6.6BCF of natural gas
    Gas income 6.6 * 8.15 + $53.59
    Oil Income 576,000BOP * 58 = $33.4M
    Total Income + $87 million
    Operating costs = 10BCF * .75 = $7.5M
    General and Administrative + 10BCF * .30 =$3M
    Interest and financing = $.2M
    Depletion = 10BCF *. $2.05 =$20.5M
    Exploration expenses = $5m
    Total costs $36.2M
    Income before taxes = $50.8M
    Taxes at 35% = $17.8
    Earnings after taxes = $33M
    EPS = 33/30 or $1.10

    NOTE EPS FOR QUARTER 4 SHOULD BE HIGHER DUE TO INCREASED PRODUCTION.

 
REM
10.98+0.21(+1.95%)Jul 7 4:00 PMEDT