Chesapeake Energy CHK Message Board

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Gold/Mining/Energy : Chesapeake Energy CHK

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To: Aquaman who wrote (410)	9/7/1998 3:51:00 PM
From: Mark Adams	Read Replies (1) of 726

I was running through a list of Oil plays, when I noticed CHK has a negative Price to Book ratio. I've not seen this happen often. The write downs of their reserves wiped out book. No wonder they are shopping to sell. Their Bankers/Bond holders are now holding under the premise that the collateral will increase in value as prices rise. Any bonds issued by CHK must be selling at quite a discount.

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