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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Lorne Larson who wrote (650)	12/8/2000 11:38:15 PM
From: Braincramp	Read Replies (1) \| Respond to of 11633

N MAY 19, 2000 Maximum Energy: Oil Hedging Strategy Continued into Year 2001 CALGARY, ALBERTA-- Maximum Energy Trust is pleased to announce that it has negotiated a crude oil hedging transaction on 1,400 barrels of its daily oil production during the first half of the year 2001. The hedge will become effective on January 1, 2001 and expire June 30, 2001. It provides for a minimum floor price of U.S. $21.00 per barrel in exchange for a crude oil price ceiling of U.S. $30.00 per barrel during this period. This hedge isn't worth nothing unless oil falls below 21. They failed to mention if they have a minimum floor price on the new production.