CXPO.ob is still cheap but struggling to increase production. The improved ngas prices should help them going forward and they are forecasting improved production in the second half of 08.
Based on the extended period of declining/flat production that was ahead, I sold 2/3 of my position over the past several months. I am holding the rest because I don't have much ngas and feel the prices for ngas are headed higher over time. Bobwins
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