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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (18237)9/4/2002 10:40:47 AM
From: Art Bechhoefer  Read Replies (3) of 36161
 
Frank, I noticed that CHK (Chesapeake Energy) just announced its hedging for the coming year. They hedged 100% of their oil production at $27.50 and about 60% of their gas production at $4.00. Meanwhile, through acquisitions and new exploration and development, they increased their proven reserves. With that kind of scenario, do you think the stock looks like a good value at its present price below $6?

Art
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