Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (47130)	6/30/1999 7:50:00 PM
From: BigBull	Read Replies (1) of 95453

Slider, Re: Crk hedge Still own it and may buy some more soon. Dumb question: Was the hedge put on so that the company is profitable net of all operating costs, including debt payments? If so, that would induce me to load the proverbial boat. It is my understanding that something like 65% of production was hedged at 2 bucks NG. If the current hedge is profitable then the remaining 35% would only serve to add to the bottom line. Care to hazzard a guess on upcoming earnings? Do correct me if I'm wrong. Well, if you are bettin' the ranch on this puppy, then you get an honorary Black Hat for valor above and beyond the call! <g>

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