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To: hdrjr who wrote (61121)2/29/2000 6:32:00 PM
From: Think4Yourself  Respond to of 95453
 
Was just relistening to the con call as I read your post. Here is the poop on the hedges:

GENERAL
Management strategy is no specific hedges planned going forward. Simpson doesn't care for it and calls it a no-win situation.

NGL
no hedges (this is where I got behind in my note taking)

OIL (sour crude):
8Kbbl through June (24.30 net Q1, 22.15 net Q2)

NG
90 mmcf (27% of production) through Q1 (@$2.56)
70 mmcf (21% of production) Q2-4 (@$2.40-$2.45)



To: hdrjr who wrote (61121)2/29/2000 6:47:00 PM
From: Bruce L  Respond to of 95453
 
Re: OXY

I had nice gains today in EOG,PXD and FST.

But IMVHO tomorrow OXY gives me the best shot at a significant pop. It IS a sluggard and underloved(with some reason), but it's finally bottomed (IMO), is way undervalued, and - most important - volume towards the end of the day started to surge. 'Volume precedes price'

Finally, hold it only through 3/12 and get a $.25/share dividend.