To: Sweet Ol who wrote (123772 ) 8/29/2009 1:13:11 PM From: Think4Yourself Read Replies (1) | Respond to Their weighted average revenue dropped pretty significantly from last year, so they have at least some unhedged. They are also playing with derivatives so I had trouble getting a feeling from their 10Q. I would note that their production levels appear to be declining but the acquisition below might counter that trend. The below comment causes me concern that they are in a big cash squeeze, which is why I questioned the dividend being secure and why I am short them. China's warning that they will be canceling commodity contracts is also a reason for some concern, given the tight storage here. The E&P's might not eat the loss, but where is the oil and gas going to go on delivery? Not their problem directly, but could end up being a major issue indirectly.biz.yahoo.com
