Hedge Position Expanded for Cabot

Cabot Oil and Gas recently took advantage of the natural gas market's strength to expand its 2008 hedge position and initiate a 2009 position. In total the Company executed contracts (all zero cost collars), covering 2008 and six contracts covering 2009. "Details of the company's positions are on our website; the 2009 positions were executed at the basis location and were completed off of a $9.60 NYMEX price per Mcf," commented Dinges. "We will continue to be opportunistic and add to our hedge position."


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Brent Crude Oil : $50.47/BBL 0.98%
Light Crude Oil : $49.72/BBL 1.09%
Natural Gas : $2.76/MMBtu 1.09%
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