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Gold/Mining/Energy : Chesapeake Energy CHK
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To: General Crude who wrote (418)11/1/1998 4:00:00 PM
From: Gabor  Read Replies (1) of 726
 
I sort of think it is only smoke screen, in order to get the stock price up.They are a billion in debt due to buying several Canadian oil companies,however they are in the top 25 major independents in reserves.At the moment they have 19 drlg rigs running 3 wells are very deep with great production anticipation.The stock will either move past 5 or I expect a reverse split,because you have to maintain minimum 5 in order to be able to trade on the N.Y. Stock exchange.I think that is the rule,but I am not sure.In any event I tend to think that this stock will be 10 in six-8 mo.
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