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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Tommaso who wrote (72232)	9/29/2006 1:07:07 AM
From: 8bits	Read Replies (1) of 206087

"If there had not been the warmest winter on record and if there had not been a total bust (so far) of hurricane season predictions, CHK management might look stupid." They put the hedges in at the tail end of last winter. As you may remember natural gas dropped fairly soon after Katrina's spike last year. So far CHK's hedges are looking pretty smart. "But shutting in some production is smart; I wish they would shut down more." Well they can't shut down too much more this year: The Oklahoma City-based company has locked-in prices averaging $9.24 per thousand cubic feet for about 92 percent of its expected production in the second half of the year. biz.yahoo.com

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