Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Maya who wrote (47163)	6/30/1999 8:31:00 PM
From: double-plus-good	Respond to of 95453

re: mexp press release it appears that the utilization of 3-D is benefitting the results of exploration. nice to hear that their drilling expenses are coming in well under budget as well. now is the time to drill on the cheap. the only potential negative in the press release was the following... The Company has hedged 50% of its current production for July through October at $2.31 per Mmbtu and over one third of its November 1999 to March 2000 production at $2.63 per Mmbtu. i guess i'm more irritated at the nov. to march hedge as all indications at this point suggest that gas prices might reach considerably higher prices. still, you can't dispute decisions which protect the miller family's business; they have been under the gun. and the hedge prices are a helluva lot better than the ones crk locked themselves into. i follow petd and recently consulted with their ir dept. they have no hedges on current NG production and don't anticipate hedging unless prices spike considerably higher. might be one to have a look at. it has sold off a little lately and looks like it could slowly and surely double in the next 6-8 months. fwiw good luck, brian