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To: Londo who wrote (32255)1/9/2003 5:44:14 PM
From: Dale BakerRead Replies (1) | Respond to of 118717
 
CPE's latest CC focuses on many of those issues directly. As you point out, it all depends on the assumptions you make.

CPE has a speculative place in my portfolio (just over 2%) but you won't see it in my top 10 due to the risk factors you described.

EENC was a much better bet in the 4's. The recent move to the $8 range bears that out.



To: Londo who wrote (32255)3/7/2003 4:23:37 AM
From: LondoRespond to of 118717
 
FYI, for any of you trading energy stocks out there, you may find these two links handy on what you can get if you hedge your production in the future (NYMEX links):

Crude (light sweet):

209.67.30.245

Natural Gas:

209.67.30.245

June 2004 natural gas is roughly 4.60; June 2004 oil is roughly 26 bucks.

What's weird is the one-month drop between March-April 2004, with 5.51 and 4.89 being the prices for the gas futures, respectively.