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: excardog who wrote (82516)	12/23/2000 12:37:01 PM
From: add	Read Replies (2) of 95453

In looking at lot of these deals, I noticed that a lot of small companies have been hedging a lot of production at very low prices. In the $3-$5 range. What I want to know is who is the counterparty? Those guys are making out like bandits getting $9 and paying $4 ! In fact these guys are making more money than the drillers without having drilled anything. Anyone know the big players in the NG swaps market?

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