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

To: Think4Yourself who wrote (52911)	10/13/1999 10:28:00 AM
From: ItsAllCyclical	Respond to of 95453

Numerous upgrades today in oil sector... cbs.marketwatch.com

To: Think4Yourself who wrote (52911)	10/13/1999 11:06:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

JQP; re: "having PROBLEMS researching MHR" - yes , you are unfortunately...(VBG). Not being rude, but a bit embarrassed for you... quite the public faux paux... on no 10 Q's for MHR being filed !?!?!? How about quit using "Yahoo" so much (VBG). 10 Q's filed Aug 3rd, & May 14ths JQP ! - check Edgar, not Yahoo - a little hint there for the next time... as far as your comment of "they seem to be drilling awfully deep for mediocre production" ?....another hint, lets not get over our heads technically per some other RRC thread comments - okie dokie (VBG) ? ;) I'll be nice and I won't bust your TMR bubble publically; but it is a "short target" - was by the hedge funds and will be again.... you should also know why... fwiw. MHR 10Q's on May 14th & Aug 3rd.... how could you miss it ??? on time and on schedule ! edgar-online.com ... now I certainly welcome any pro & con analysis & comments; but JQP - don't get over your head again... (VBG) - for your sake.... ...all the answers to your questions & concerns are out there and are "not" really that hard to find (VBG)... have a good one - sorry you didn't like CRK - not an easy one to figure out either ...but; at $3 3/8ths there wasn't much to figure out .... C'Mon $5 ! ... just needling... not flaming so relax... you still one of "Da Man's" fwiw in my book... And Big BULL... get your butt out here... I certainly owed you at "least" that little barb; its over.... let's hear some good International News... MHR: 10 Q hi lites ! In September 1998, the Company announced a stock repurchase program of up to one million shares at a cost not to exceed $4 million. At December 31, 1998, the Company had repurchased 625,600 shares for approximately $1.9 million. In February 1999, the program was revised to remove the share limitation discussed above. Since December 31, 1998, the Company has purchased an additional 601,472 shares for approximately $1.7 million. hedging: (1) Hedges were modified on July 12, 1999 by rolling both into a new swap of 30,000 Bbls/month from August 1999 through December 2000 at a fixed price of $17.60/Bbl, with an option granted to the counterparty for any month between August 1999 and December 1999 in which oil prices average below $16.50/Bbl whereby the hedge would not be effective for that period. In addition, the counterparty was granted an option exercisable on December 30, 1999 to cancel the swap for calendar year 2000. (2) The counterparty was granted an option exercisable on October 22, 1999 to continue the hedge for the period November 1999 through March 2000 for 300,000 MMBtu's per month with a floor price of $2.00/MMBtu and a ceiling price of $2.32/MMBtu. 7 Net gains or losses related to derivative transactions for the three month periods ended June 30, 1999 and 1998 were a loss of $358,000 and a gain of $517,000, respectively. For the six month periods ending June 30, 1999 and 1998, the gains were $1,085,000 and $1,244,000, respectively. ...hmmmm heding gains of $1 Million +... I'll take that...obviously most small cap companies were conservative early in the year - hedging forward into the middle of the year; I think that was overpriced to the downside as these companies reported; actually the poorer hedging companies have an upside premium built into them going forward... JQP - you're trigger finger is a little edgie imho.... don't be so quick the next time... and easy on the technical interpretations... good luck.