Post by
prested on Oct 01, 2008 2:24pm
Back in the money again!!
Glad I used the dip to double up. Still agree with BMO that this is $3.00 within a year. As for market pricing, I think we are going to see a lot of discussion on what a flawed princple that is in the months ahead.
Re: hedging, Peter Monk said last month that Barrack would not be where it is today where it not for their past hedging. He said that a small producer has to use it, but as the company grows, so their reliance on hedging ebbs. The guys that run this company are seasoned professionals - among the best in the business. I wish all the stocks I owned were as well managed!