Canadian Oil & Gas Companies Message Board

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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Claude Cormier who wrote (6944)	11/17/1999 10:36:00 PM
From: kingfisher	Read Replies (1) of 24939

Claude just want to add one thing if you are considering an oil and gas investment.Once you have narrowed your picks call up the companies and ask them what percentage of their production is hedged and for how long and what price. Many major companies and some small ones made some big bou bou's by hedging some production at $16.75 a barrel!Some hedging of gas took place at $2.25 mcf. With oil at $26 today those companies are forsaken millions of dollars in lost income. Richard

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