Chesapeake Energy CHK Message Board

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Gold/Mining/Energy : Chesapeake Energy CHK

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To: Robert Smith who wrote (403)	8/17/1998 2:17:00 PM
From: Aquaman	Read Replies (1) of 726

Robert, CHK has been beat down as low as it gets...my best guess is no bankruptcy, no de-listed in future....CHK is worth several times its current price. I dollar cost averaged this company from 12.00 to 5.00 in blocks of 1,000-2,000 shares...I would have bought more but ran out of money at 5.00 for this sector.. My target price is partial sell off at 10.00---15.00---20.00 with some held long range. Check recent events and you will find projections of increasing oil prices starting in Sept. OPEC just cut production. What CHK really has going for it is the market position in natural gas....cold winter...big bucks for CHK! EK PS In the oil sector, prices rebound as fast as they drop,,,,this is not a place for day traders .... only long term investors should be here.

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