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Gold/Mining/Energy : Chesapeake Energy CHK
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To: Ed Ajootian who wrote (600)6/4/2000 1:31:00 PM
From: Taylor Mill  Read Replies (1) of 726
 
ED

>>OT: A better play than CHK is Panaco (PANA). <<

I would suggest a more careful look Ed. PANA has about 5.5 mcfe in reserves per share and about $5.5 LTD. PANA also has a horrible DDA rate on their production. This is a company that is barely treading water even at these commodity prices. Although CHK is not in great shape they are well ahead of PANA. PANA is still a very dangerous buy at these levels --- CHK has a lot of breathing room and is in good position to continue their rehabilitation. Plus every body ought to understand that PANA has been a puppet of that great oilman, Carl Icahn, for a number of years now and the average stockholder has suffered.
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