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  • Chesapeake: When Gas Prices Will Recover [View article]
    The key is the knockout swaps. They got rid of most of them for 2009, but still have lots of knockouts in 2010. A sustained pullback in gas prices to the <$6 level leaves 2010 effectively unhedged. Kind of defeats the purpose of hedging if you leave yourself exposed on the downside.
    Dec 10 08:44 am |Rating: 0 0 |Link to Comment
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