68. RETAILTexasmarketingpresentationFINAL.pdf - Enerplus
68. RETAILTexasmarketingpresentationFINAL.pdf - Enerplus
68. RETAILTexasmarketingpresentationFINAL.pdf - Enerplus
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Hedging<br />
The following is a summary of the financial contracts in place at February 14, 2011<br />
expressed as a percentage of our forecasted net production volumes:<br />
Natural Gas<br />
(CDN$/Mcf)<br />
January 1, 2011<br />
– March 31, 2011<br />
January 1, 2011<br />
– December 31, 2011<br />
Crude Oil<br />
(US$/bbl)<br />
January 1, 2012<br />
– December 31, 2012<br />
Sold Puts (limiting downside protection) $4.15 $56.50 -<br />
% of forecasted 2011 net production 26% 11% -<br />
Swaps (fixed price) $6.39 $87.27 $94.60<br />
% of forecasted 2011 net production 33% 58% 20%<br />
Purchased Calls (repurchasing upside) $6.48 $ 101.17 -<br />
% of forecasted 2011 net production 26% 11% -<br />
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