Range Resources (RRC) Message Board

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Gold/Mining/Energy : Range Resources (RRC)

RRC 36.34

+0.6%

Jan 23 9:30 AM EST

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To: Aggie who wrote (69)	5/18/2000 11:49:00 AM
From: Bob Rudd	Read Replies (1) of 82

Aggie: <<When does the hedge contract expire?>> I saw comments on the yahoo RRC board quote.yahoo.com Suggest you go there and search for "hedges" or just read recent posts. Better still call RRC...I got the info from the board. I suspect they do ongoing multiple hedges. One post indicated they had just put on a forward hedge @ 3.06. I doubt all their production is hedged, but suspect a large portion is. If you compare RRC share price to NG contract gas price over time, it's very clear that exposure in 'tamed' by some sort of hedging. This is the only prudent way to run a highly leveraged business, but might be disappointing to those looking to speculate in gas price appreciation thru this...the participation will partial at best. Hope this helps, bob

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