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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (12648)	9/4/2004 10:20:54 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 312346

Tom you asked me about Baytex and Advantage re: Hedging... russet's comment on Barrick Maybe they hedged too much ... that is the parallel I was alluding to. Barrick hedged when gold was in freefall / doldrums as russet stated ... Baytex and Advantage (and other CanRoys mind you) hedged when they thought OIL was peaking not foreseeing near 50$ oil which has also supported natural gas... so Advantage and Baytex get burned ... like Barrick... I don't know that there is anything more to it than bad luck.. which before was good luck... They might though be humming that old Paul Simon / Phoebe Snow duet Gone at last... sinp.. I was thinking about my past I've had a long streak of bad luck But I'm praying it's gone at last Gone, gone at last, gone at last Gone at last, gone at last I had a long streak of that bad luck But I'm prayin' it's gone at last 00, oo, oo, oo, oo. snip...