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[sharechat] Fletcher Energy

From:	"laura bishop" <lool@optusnet.com.au>
Date:	Mon, 10 Jul 2000 07:30:40 +1000

Two things still worry me about FEG at the moment,one is the spectacular
blunder in regards to hedging policies made for this financial year(80% of
production hedged at around US$18 a barrel), The other worry being the
unfortunate tendancy for good news to be omitted from share prices in nz
whilst being punished for bad news.ie. what would a plummeting capstone
shareprice do to FEG ontop of a disapointing drilling campagne in Brunei?


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