Chesapeake Energy CHK Message Board

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Gold/Mining/Energy : Chesapeake Energy CHK

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To: Mark Adams who wrote (391)	7/17/1998 4:40:00 PM
From: Richard L. Williams	Read Replies (1) of 726

Is anybody home? CHK looks like a goner...another victim of El Nino? What I don't get is that this was primarily a natural gas outfit...the price for which has dropped, but nowhere near the way the price of oil has. If this is so, why did CHK get beat up so badly? How did debt get so huge? This might be an object lesson in how NOT to run a company....from $32 to $2/sh in one year or less. It has happened before...it will happen again.

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