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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: russwinter who wrote (19330)	2/28/2003 11:25:13 PM
From: cherrypitter	of 206321

CHK: hedge situation is as follows: 1st Q 86% at $4.33 2nd Q 52% at $4.88 3rd Q 48% at $4.83 4th Q 40% at $5.02 1st '04 7.5% $5.68 cash costs after deducting non cash DD&A is about $1.50. est. 28% production increase in '03 (230-235 Bcfe) To date 6 consecutive quarters of production increase. Survived huge volume this week as 20 mill shares offering was absorbed with small price erosion. 3rd most active driller in mid continent behind Anadarko and EP. Soon to be 2nd Had at least 6 drill rigs of its own- possibly more by now. Has 31 rigs drilling currently. Traditionaly sells gas at $.25 discount to HH. If your going to leverage your company who could pick a better time to aquire PDR at at ~$1.37/mcfe. My biggest holding in E&P Rich

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