El Paso Wants to Close Gap Between Intrinsic Value, Share Price

摘要

El Paso Corp. last week reported its fourth straight profitable quarter, the longest stretch since 2000, but the news received a mixed reaction from analysts and shareholders.The Houston-based pipeline operator and producer reported that its 4Q2007 net income reached $151 million (21 cents/share), up from a loss of $175 million (minus 25 cents) for the same period of 2006. Earnings from continuing operations jumped to 21 cents/share from a loss of 3 cents in 4Q2006. Wall Street analysts had forecast earnings of 29 cents/share on average.