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Company: Cimarex Energy Co (XEC)
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  Beating expectations because of higher prices

Cimarex reported 1.54 EPS for 4Q 2007 beating forecasts by a wide margin. 2008 production will be same or slightly higher than the 4q 07 The reason for underestimation is that analysts forecast for 2008 oil and gas prices well below current levels, as low as 70 for oil and 7 for Natural Gas. But futures are now confirming prices more in the 90-8 level, similar to 4Q07 levels. My own forecast is XEC will make 6 dollars a share in 2008, so the shares should be minimum in the 60-75 range.

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