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From the East Bay

10/31/03 2:15 PM

#167171 RE: Train Guy #167158

Much discussion on that board of companies & their hedging policies. Hedging of future production is sometimes more important than current NG prices. An example:

http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=7081371&tid=cwei&sid=708...

(Never owned APC, but do have some ECA)