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Strategies & Market Trends : Three Amigos Stock Thread

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To: JoeinIowa who wrote (23003)12/20/2000 5:34:50 PM
From: Ditchdigger  Read Replies (1) of 29382
 
Will be interesting to see how the market reacts to CHK's news..Nice production increases,capex also..I especially like the oil hedge..These E&Ps like to trade on their hedges
"To reduce the impact of volatile oil and gas prices, Chesapeake has hedged approximately 27% of its projected 2001 gas production at an average NYMEX price of $5.00. In addition, the company has entered into collar arrangements for 14% of its gas production with an average floor price of $4.00 and an average ceiling price of $6.08 per mcf. Chesapeake has also hedged 63% of its anticipated 2001 oil production at an average NYMEX price of $29.72 per barrel."
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