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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: Cogito Ergo Sum who wrote (4254)	9/20/2002 2:43:03 PM
From: Cogito Ergo Sum	Read Replies (2) of 11633

From what I understand of the hedging (still new to this) comparing two of my positions positions AVN and PWI: Both appear to be underwater on their crude hedges (nothing catastrophic) and appear to be gambling on a transitory 'war premium'. On the NG side AVN has more production hedged (after some of PWI's hedges expire in October). AVN 70% and PWI 51% for a good deal of 2003. Looks like PWI is hedged further out into 2003. As I understand the 3 ways PWI is gambling on a similar overall range of prices as AVN but are betting more heavily on the higher side of the range. Just thinking out loud here and like I said I'm new to this actually knowing what I'm investing in ;o). Commentary and/or corrections welcome. Yeah Scott POU Rocks :o) regards Kastel a cute and cuddly Canadian

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