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Strategies & Market Trends : Value Investing
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To: Broken_Clock who wrote (14988)7/31/2002 10:13:42 AM
From: Bob Rudd  Read Replies (1) of 78628
 
CPN: Isn't really an NG story unless you count input of NG in the spark spread...they are consumer of gas, producer of electricity. About 1/3 of their forward production are unhedged...thus vulnerable to unfavorable spark spread. Overlay that on high debt levels and you get a risky situation vulnerable to weather conditions.
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