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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: energyplay who wrote (32929)5/3/2003 12:12:17 AM
From: Cogito Ergo Sum  Read Replies (1) of 74559
 
Advantage hedging might turn out to on the low side:
As at April 2, 2003 the Fund has the following costless collar contracts outstanding for the period May, 2003 to August, 2003:

Natural gas (mcf/d) Floor ($/mcf) Ceiling($/mcf)
-----------------------------------------------------------
10,500 mcf/d $ 5.78 $ 8.03
10,500 mcf/d $ 6.04 $ 8.51
10,500 mcf/d $ 6.30 $ 8.30

Paramount hedging: PET also announces that it has fixed the price on 35,000 GJ/d of its natural gas production for the month of April 2003 at a price of $10.20 per GJ. The Trust intends to enter into additional price stabilization arrangements for 30-50 percent of its production on an ongoing basis as favourable market conditions present themselves. :o) Looks like Paramount may become my new champs, sorry I don't have any idea why I thought it was 8$ unless I was confusing it with AVN. I'm working too much. Sorry for any confusion.

regards
Kastel
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