They also need to beef up their reserves that decreased during 2004 so bring on the Main Pass drilling quickly before we're back in the cents.
The March qtrly report will show improved figures on all lines - production, revenues & EBITDAX - hopefully this'll make the market sit up and take notice.
I agree with you on the hedging - when you're making those sort of margins,lock 'em in for the long term.
forward sales at us$7, looks smart play, page-2
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