Thursday, March 19, 2009 12:18:13 PM
Plains was feeling a little heat from investors due to some heavy debt, but the company's prescient move to hedge its oil production at much higher oil prices paid off. This move has allowed the company the financial capacity to develop its shale and other properties in 2009.
http://community.investopedia.com/news/IA/2009/Plains-Exploration-Primed-For-09-PXP0319.aspx?partner=YahooSA
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