Hedging losing some of its appeal among independents

摘要

While hedging was once an appealing vehicle to help producers mitigate a portion of future finan-cial risk,JPMorgan analyst Shannon Nome reports that some independents are now wondering if hedging is worth the hassle.A recent JPMorgan survey of 25 independent producers indicates that the average E&P company is roughly 28% hedged for 2005,up from the previous quarter when producers had 26% of anticipated gas volumes hedged and 25% of oil volumes.