Hedge another 2500 now until end of Sept 2010. Protecting the downside is more important while building algar then squeezing out a couple of extra $$$$. Its nice to say wait for $100. I don't think the economy or OPEC will let it get to $100.

I do believe that $60 oil is more likely then $100 oil. I wouldn't want to be the one at the controls if it hit below $60 again when I had a chance to protect at $80. CLL shouldn't be, should I say, greedy; protect, grow GD, and build Algar on time and within budget and the good things that should happen with this company will happen!!