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Re: Marvelmeister2002 post# 10750

Wednesday, 05/04/2005 3:30:03 PM

Wednesday, May 04, 2005 3:30:03 PM

Post# of 174957
Marvelmeister: CPE hedges on oil do appear to be significantly improved from Q4. They provided details in their Q1 guidance PR of 3/9. Roughly 39% of their expected oil production is hedged at an average price of 38.28. The remaining 61% should fetch market prices. That's a vast improvement over the mere $25.44 received per barrel in Q4.

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