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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Tulvio Durand who wrote (14210)3/9/1998 10:39:00 PM
From: GlobalMarine  Read Replies (1) of 95453
 
Tulvio: Different oil companies have different hedging policies. Some hedge a lot, some not so much. Some hedge way out into the future, others not so far out. There are also different ways to hedge (e.g. selling futures contracts, buying put options, etc).

If average oil prices stay low over a protracted period of time, oil companies may begin shelving some marginal projects. I don't know if or when we'll get to that point, but one should exercise some caution here.
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