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Strategies & Market Trends : Three Amigos Stock Thread

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To: JoeinIowa who wrote (22145)	11/16/2000 12:31:51 AM
From: Ken W	Read Replies (1) of 29382

Joe: Another one comes on board for CHK: -------------------------------------------------------------------------------- JOHN DAVIDSON'S STOCK PICKS: CHK TMR KEG "Chesapeake Energy Corp. (CHK: Research, Estimates) and Meridian Resource (TMR: Research, Estimates) are two oil production companies. They're now selling at a much lower rate than they were two years ago when the gas prices were half as big. So I think that the energy prices are much higher, the gas prices hit $6 yesterday. And so it's really significant and I think as a result, you haven't seen that the earnings impact of that hit their balance sheet. It's now selling at somewhere between 5 and 6 times earnings and I think that P/E is very attractive," said John Davidson. chief investment officer at Orbitex Group of Funds. Ken

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