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

To: Peter W. Panchyshyn who wrote (2927)	3/20/2002 1:10:59 AM
From: Cogito Ergo Sum	Respond to of 11633

Hi Peter, During the nine-month period ended September 30, 2001, natural gas sales increased 94% to $102.5 million from $52.9 million in 2000. Gas production was up 31% to 64.4 mmcf/d from 49.2 mmcf/d for the same period of 2000. The average gas price increased 49% from $3.92 per mcf in 2000 to $5.83 per mcf in 2001. from page 3 of 3Q 2001 report... nceresources.com I did some more checking. You are correct (< than 50%) and in fact it appears significantly less according to the above excerpt from the web site. It is still a sizable amount though considering that the derivatives don't help under 4.91. However it appears that biz.yahoo.com may just have provided a buying opportunity. I haven't read up on debt yet and a call to IR to get an update on hedges is in order as this info is a bit stale (3rd q 2001). regards Kastel