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Gold/Mining/Energy : Chesapeake Energy CHK

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To: Taylor Mill who wrote (604)6/5/2000 9:27:00 PM
From: Ed Ajootian   of 726
 
Taylor,

Thanks for the info. For CHK, take $8 debt and add $5.50 for the price of a share of stock and you are paying $13.50 for those 10.5 mcf of gas.

Bottom line is that I agree with you about the fact that the market will measure the company on what it can do exploiting. PANA's annual drilling budget is in excess of its entire market cap. CHK's drilling budget is what, about 30 - 40% of its market cap. Something tells me PANA will have more success exploiting its properties this year than CHK.
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