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 (52969)	10/14/1999 10:55:00 AM
From: SliderOnTheBlack	Read Replies (2) of 95453

MHR: getting some "green" again this am - 20K block @ close yesterday ... Maybe not just another "hype" story huh ? EEX - $2 3/4 to $4 in case no one was paying attention; directly into a sector sell off... ... they are still out there. RRC still having individual traders bleeding out... $3 7/8ths & under is still a good place to sit with limits; it will turn & run soon enough, still very attractive here.Q4 & Q1 2000 they will show some real nice hedging gains & price realizations form prior qtrs. JQP -most institutions; would not be interested in ANY company that does not hedge. To not do so; is to gamble... anyone who locked in $2.40 mcf gas has done well here, $2.60 + they did real well, $2.80 + they did fantastic... also; analysts & brokers have no way to form an earnings model on E&P's that do not hedge... it would be like playing the "futures" market... we dont' play futures here, nor do Institutions for the same reasons... hedging is prudent management of your business - an E&P that doesn't hedge has the same risk/reward profile; and the same attractiveness as playing the futures markets... If you want an E&P that doesn't hedge; why bother ? - just "mainline" & play the futures (VBG) !?!?

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