Jandctl,Help me out here...I don't have a lot of experience analyzing hedge positions and what they ultimately mean to the company.Based on what you wrote above, should I take away that UPL will sell 184.1 billion cubic feet at $4.43 for 2012? This seems like a good thing given that the current spot price is ~ $2.00. Correct?Next thing I want to know is UPL's cost structure compared to the hedge price and the current spot price. Will $4.43 result in a loss for them?I'm wondering how UPL will fare in an environment of prolonged (4-5 yrs) of ~$2.00 natural gas.Any help is appreciated....Thanks!
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