GREY:DPGYF - Post by User
Post by
RBCHY7on Aug 27, 2008 9:20am
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Post# 15412548
Hedging Contracts
Hedging ContractsCan anybody pls explain how these contracts negatively affected DEE? I see they have some contacts out to Nov 2009 at prices between approx $7.50 and $8.50 (average). Their Q2 results indicate a loss of $3.2 million due to these hedges. Is this just a result of lost revenue b/c GAS was higher during the quarter or was this an actual loss on the balance sheet? If natural gas trends higher over the next 12-18 months how will the affect the company?