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

To: Brian P. who wrote (59902)	2/7/2000 7:53:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

On/Topic: Hedging.... time to lock in the "gold" ? per Cambridges comments: <<``These prices for one quarter are fine. For two quarters, it's unsure. They don't want to destroy their markets,' Stanislaw said. ``The question is, when does (the high-price environment) impact world economic growth?' >> Makes XTO's Oil Hedging look better everyday - also, explains the decline of unhedged - crude pureplay VPI's shareprice of late into bullish crude prices... Food for thought. We are now looking at the flip-side to hedging. I would lock in at least 50-60% of my crude oil right here and 1/2 of my Nat Gas whenever we hit $2.75ish - another 10-20% at $3.00 and another 10% each .25 thereafter. These guys can lock in a virtual guaranteed stock "double" if they are smart...