Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: kollmhn who wrote (80246)	11/28/2000 8:45:40 PM
From: excardog	Read Replies (1) of 95453

jimp notified me that TMBR was added to the S&P 600 today. Why am I the last to know? Thought this was interesting regarding PNO putting 2001 hedges in place: Hedges Put In Place The Company has two hedges in place which should help to protect a portion of its projected cash flows. One is a new hedge, a forward sale, or swap, put in place on approximately 40% of PANACO's 2001 estimated natural gas production. This is in addition to the Company's existing option to put oil to a purchaser (``floor''), at $25.00 per barrel, on 1,000 barrels per day through Sept. 30, 2001. (Approximately 41% of estimated 2001 oil production.) What I thought was interesting was they don't explain the pricing in the press release. I'm agreeing now with "jimp" on this hedging in that your damned if you do and damned if you don't, so upon further review I don't intend to own any companies that have hedges in place from this point on. Will go down with the ship or oil prices which ever come first. Regards

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next