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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (20024)	10/15/2004 10:55:43 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

not to mention, the commodity and the equity are not the same thing. skyrocketing oil can drive up miners' costs and reduce profitability. in energy equities, skittish producers that are still banking on $25 crude for the next 20 years can sell forward production and reduce their upside. check out these comments from BRY's CEO... How does the current oil price environment impact Berry’s strategy? Current oil prices are at historic highs, and we are leveraging these prices in two ways. First, we plan to accelerate our drilling program in Utah and selective California assets, spending upwards of $70 million in capital in 2004, up significantly from our initial 2004 capital budget of $50 million. Secondly, we are layering in hedges to capture some of these high crude prices to ensure strong profit margins should oil prices decline. We currently have only $36 million of long-term bank debt, and have a credit facility of $200 million, so we have the ability to make sizeable acquisitions when we find them. ww3.ics.adp.com

To: russwinter who wrote (20024)	10/15/2004 12:28:23 PM
From: silvertoad	Respond to of 110194

gofutures.com offers $2 round-turn commissions on all electronically traded contracts and $10 round-turn for pit-traded contracts. they sound reputable; if anyone has any experience with them please post. refco (and others) offer mini-accts for interbank (not futures) currency trading, which may be of interest to those lacking the funds to trade the large currency futures contracts. can put up shockingly small amounts of $ i recall and trade about $10,000 worth of foreign currency in the mini-account. nice platform; stops easily placed. for speculators. refcofx.com -jb