today paper clayton translates credit risk side hedge many producers long history poor timing hedges could give quite long list definitely need bright adviser tell price gas two years vince clayton vernon enron 06 29 2000 01 02 vince j kaminski hou ect ect cc subject today paper vince amazing factoid today paper related issue much money make sic hedging companies analysts say saddled hedges include el paso energy corp coastal corp merging coastal official declined comment company forward positions although el paso known pipeline business produces gas result 6 2 billion acquisition last year sonat 90 percent gas hedged rest year said bruce connery vice president investor relations forward contracts 2 40 said hedging current market plays company primary aim meeting investors expectations connery said first goal deliver earnings goal set dictates hedge commodity volatility said 2 40 kidding clayton