I prefer the non-hedged, since I think the shortage will push prices up as high or higher than the last spike, and that non-hedgers will be valued higher than hedgers. I then plan to sell most of my RTs, and then move top something else...
I sense you intend to hold for a long time. I would expect that the differences between hedgers and non-hedgers would only last a quarter or two, and the hedgeing provides downside protection.
The Utilities that have re-fied, like RRI, CNP, etc. have done very well for me, and I expect them to keep goiing, since many are still under book value.
I would suggest that if someone is looking for a US dollar based value investment, they consider WMB, RRI, CNP, and DUK.
Check the chart for WMB -
siliconinvestor.com
Ain't taht a purty chart ?
Much Risker would be EP, MIR, and CPN.
See the IPP / Ute board for more info. |
