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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Gary Burton who wrote (54926)11/17/1999 1:07:00 PM
From: Think4Yourself  Read Replies (1) of 95453
 
yes, 60 % of their oil capped at $24 (much higher price than most EnP hedges). The rest is market prices. No hedges on NG.

Lack of NG hedge appears "bad" at the moment, but actually is not. Check out what other EnP's hedged NG at, and where prices have been this quarter. Also, if NG goes into the mid $3's or higher as many analysts are forecasting, TMR is going to clean up.
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