ATLANTA, Feb. 20, 2001 (PRIMEZONE) -- The following is being issued by WinningInvestments.com:
While many companies have continued to struggle in the first quarter of 2001, Cross Timbers Oil Co. (NYSE:XTO) looks well-positioned for a strong 2001, with the demand for natural gas not going away anytime soon.
XTO could see a surge in the upcoming quarters, with the growing demand for natural gas, not only to heat homes, but also to generate power. On Feb. 14, XTO announced that its fourth quarter results exceeded expectations, and that it is ahead of schedule in achieving its goals of increasing gas production by 20% this year.
WinningInvestments.com (http://www.WinningInvestments.com), a leading Internet-based stock information site that provides covered call selections and investment strategies, recently highlighted XTO in its Newsletter. The investment Website sends out, via e-mail, its Newsletter, which contains news, commentary, education and covered call highlights, at the close of the market on Monday, Wednesday and Friday.
WinningInvestments also selected XTO as one of its potential covered call candidates for its Website. The company lists its covered call candidates on its Website three times per week.
Cross Timbers Oil Co. currently has seven analysts recommending it as a strong buy, six as a buy, and one as a hold. XTO is currently trading at $26, with the bid on the May 2001 $25 call at $3.2. This gives downside protection of 12.3% and a yield if called of 8.5%.
Investors who are unfamiliar with covered calls can learn about this investment method at www.WinningInvestments.com. WinningInvestments.com usually offers investors a free 10-day trial, where they can view the services with no risk or obligation. Between now and Feb. 27, 2001, members can receive a 15-day trial by stating "15-day trial" in the "How did you hear about us?" section of the registration page. To visit their site, go to www.WinningInvestments.com.
WinningInvestments.com also offers six different categories of covered call selections and nine different investment strategies. The covered call selections are updated on the Website each week on Tuesday, Thursday and Sunday. The strategies include three different strategies for "Dogs of the Dow," aggressive and conservative investors.