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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: energyplay who wrote (32885)5/2/2003 5:55:39 PM
From: Cogito Ergo Sum  Read Replies (1) of 74559
 
Hi ep,
AVN don't do hedging. I find Advantage are actually great hedgers if you look back. Nice simple stuff, collars etc. Part of what I consider savvy management and why I held them from the last bubble and continued to add. Right now (part of being savvy) they are not burdened by too many hedges. Paramount surprised many with a nice 8$ CDN fixed price hedge recently. Funny about AVN. I owned them as an E&P before conversion (and held) They had a lot of oil then and heavy too, but they (management again :o) swung to NG in a timely fashion. I guess you can tell I like them ? They are a core holding for me although not currently my largest position in my account. Both my children and my wife own them too though.

NCN yes doesn't hedge of any significance since I've followed them. I look at then more like an E&P with a fat dividend.

On the rest of your post, YES YES and YESSSS ;o)

RRI, CNP .... :o) :o) Thanks.

regards
Kastel

Gotta go eat now
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