Probably limited if they contracted with end users (i.e utilities) and not hedge funds or speculators.
I pray to god none of this type of exposure is covered by the 700B bailout or some of the many other bailouts recent and ongoing. On Oct 24, 8:09 am, elwood <[EMAIL PROTECTED]> wrote: > wonder if there is any counterparty risk in those hedges ? > > On Oct 24, 9:53 am, Larry <[EMAIL PROTECTED]> wrote: > > > > > XTO is looking good with 70% of their 2009 production hedged at $11.00 > > mcf when the current natural gas prices are around $6.00 > > > XTO Energy Increases Commodity Price Hedges; Approximately 70% of 2009 > > Projected Production Now Hedged > > Friday October 24, 8:30 am ET > > > FORT WORTH, Texas, Oct. 24 /PRNewswire-FirstCall/ -- XTO Energy Inc. > > (NYSE: XTO - News) today updated its price hedges for future sales of > > natural gas and oil production for 2009 and 2010. > > "We have now hedged approximately 70% of our expected production in > > 2009 at an equivalent price of $11.00 per Mcfe. Given these hedges and > > the current commodity strip pricing, XTO anticipates record cash flow > > and production volumes with the financial strength to reduce debt by > > at least $1 billion next year," stated Bob R. Simpson, Chairman and > > Chief Executive Officer. "With our focus on delivering performance, > > particularly in these challenging times, we will continue to look for > > opportunities to increase our hedge position."- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Bakken Shale Discussion" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/bakken-shale-discussion?hl=en -~----------~----~----~----~------~----~------~--~---
