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

To: Braincramp who wrote (651)	12/10/2000 10:17:00 AM
From: Lorne Larson	Respond to of 11633

That collar at $20.00 (U.S.) will be worth a lot if oil drops to $15.00. We tend to forget that up until a couple of years ago $20.00 oil was in the top end of the normal range. Should also be noted that MXT drops off a 1000 BOE/Day $21-$24.70 collar at the end of December. This will be beneficial if oil stays in the $28-$30 range, As for the new production I read the 1800 BOE/Day at $41.38 as a straight sale forward with no collar. At least that's what the press release says.