24/7 Wall St.
06-17-2008, 12:20 PM
24/7 Wall St. Daily News
It looks like Joe Public isn't the only one who thought oil and gas prices were through the roof. It seems that some of the big boys started locking-in prices that seemed extremely high. This is called hedging or collaring, but we have seen fresh announcements from teh likes of Atlas Pipeline Partners LP (NYSE:APL), Tesoro (NYSE:TSO), and Plains Exploration and Production (NYSE:PXP). Atlas Pipeline Partners LP (NYSE:APL) announced yesterday that it would discontinue its current hedging strategy in favor of returning to a strategy it had followed until June 2007. The company had hedged about 86% of its natural... http://feeds.feedburner.com/~f/typepad/RyNm?i=xRqwXI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=xRqwXI) http://feeds.feedburner.com/~f/typepad/RyNm?i=AmHFII</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=AmHFII) http://feeds.feedburner.com/~f/typepad/RyNm?i=OmkRzi</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=OmkRzi)
complete story here... (http://www.247wallst.com/2008/06/oil-gas-hedges.html)
It looks like Joe Public isn't the only one who thought oil and gas prices were through the roof. It seems that some of the big boys started locking-in prices that seemed extremely high. This is called hedging or collaring, but we have seen fresh announcements from teh likes of Atlas Pipeline Partners LP (NYSE:APL), Tesoro (NYSE:TSO), and Plains Exploration and Production (NYSE:PXP). Atlas Pipeline Partners LP (NYSE:APL) announced yesterday that it would discontinue its current hedging strategy in favor of returning to a strategy it had followed until June 2007. The company had hedged about 86% of its natural... http://feeds.feedburner.com/~f/typepad/RyNm?i=xRqwXI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=xRqwXI) http://feeds.feedburner.com/~f/typepad/RyNm?i=AmHFII</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=AmHFII) http://feeds.feedburner.com/~f/typepad/RyNm?i=OmkRzi</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=OmkRzi)
complete story here... (http://www.247wallst.com/2008/06/oil-gas-hedges.html)