PETD Petroleum Developmant-- Oil / Natural gas Message Board

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Gold/Mining/Energy : PETD Petroleum Developmant-- Oil / Natural gas

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To: Feraldo who wrote (658)	9/12/1999 11:10:00 PM
From: Ed Ajootian	Read Replies (1) of 688

Blasted out my remaining position in PETD on Friday. Was great while it lasted. IMO given the recent rise in nat. gas prices and the prospects going forward, the risk/reward ratio has shifted significantly in favor of companies that generate all of their revenue from production, rather than just a fraction of it such as with PETD. Also the companies that are leveraged with debt (but do not have a significant amount of production hedged) have a better risk/reward profile than companies with no debt, such as PETD. Ergo all of the PETD proceeds have gone into Chesapeake Energy (CHK). I believe PETD will go up together with almost all O&G stocks but I am betting that CHK will go up by a higher % than PETD.

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