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kelly leak

12/22/05 3:03 PM

#8194 RE: partysasquatch #8192

party..

That's the way to handle the transactions with the price volatility in the oil and gas markets today and probably in the foreseeable future. Stay in the spot market and take the given profit margin percentage the market is allowing. Getting into holding long or short positions or heavily involved in the derivative markets can be expensive.

And high prices such as we see now and most likely ahead, generally allow for very good margin structures. When the commodity price is low then that's when everyone's margins get squeezed down. JMO. Kelly