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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (28879)	2/28/2003 2:34:05 PM
From: ItsAllCyclical	Respond to of 36161

With PQUE I like the fact that it's only 35% hedged for 2003, 0% hedged for 2004, all the bad news appears to be priced in at these levels and TA wise it appears to be holding at these levels. Drilling results in late March, early April could be a catalyst to take it back to 3-4, but I'll more than likely be gone before then. Trading right around NAV with minimal debt let's me double down without too much doubt if it dips further.