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Jagman

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Alias Born 07/19/2003

Jagman

Re: None

Friday, 08/12/2005 6:32:22 AM

Friday, August 12, 2005 6:32:22 AM

Post# of 1197
Can anyone explain this statement: "Additionally, and in conjunction with the credit agreement with Guaranty, TEC has entered into certain commodity hedging transactions representing approximately 85% of the Company's estimated production over the next 42 months. The Company has hedged approximately 500,000 barrels of oil over the period utilizing costless collars with a floor of $40 per bbl and a ceiling of $67.10 per bbl. Similarly, the Company has hedged approximately 1.7 Bcf of gas over the same period with a floor of $6.00 per MMbtu and a ceiling of $9.10 per MMbtu."

Are they getting the present market price for O&G?

http://biz.yahoo.com/bw/050610/105244.html?.v=1

Cash is King until further notice!!!

My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.

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