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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Big Dog who wrote (64177)5/11/2006 5:01:30 PM
From: jim black   of 206254
 
Anybody else watching this? Aubrey McClendon is back at it buying shares of his company on open market, on May 5th and 6ht buying 250,000 shares at price in total of about $8 million. Considering COP bought BR with its 11 trillion cf of NG, is CHK attractive at current price long term with its 7 trillion in reserves? If NG is conservatively priced at $5/mcf and there are 7 trillion cf in reserves, doesn't price of NG indicate this company is worth about twice dollar per share at what it is selling for, factoring in their debt?
Call me crazy but from my perspective this company looks like a screaming buy...and apparently plenty of time to buy more since it is just lollygagging around here in low 30s.
Jim Black
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