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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: GVTucker who wrote (97103)2/22/2008 3:02:47 PM
From: seriousinvestor  Read Replies (1) of 206213
 
On the web site there is a Jan '08 presentation. Slide 18 indicates puts on NG 15-34% of hedged volume through 2012 and slide 19 indicates 46-60% on hedged oil(that was the figure I remembered I forgot about the lower NG %). I believe the breakdown of energy is roughly 60%/40%(NG/liquids). The presentation does not indicate what % of production for years later than '08('08 is over 90%) is hedged although the absolute amounts look equal to or less than '08 and I assume they anticipate increased production overall in each of those later years. Therefore you can't really calculate what % is not capped but I would guess it is in the 40% range.
Sorry that I did not check before posting and did so from memory but I think the overall point is still accurate that there's a fair amount of upside
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