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Gold/Mining/Energy : Chesapeake Energy CHK
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To: Gabor who wrote (447)12/9/1998 10:22:00 PM
From: Ed Ajootian  Read Replies (1) of 726
 
Gabor,

Thanks for the thoughts. I've put some family money in the preferred stock. Still yet to get any common though.

My concern is that if gas prices go any lower than currently they may have to do another writedown of their reserves at year-end. This could easily wipe out their book equity and the balance sheet would start looking pretty ugly.

Only 3 weeks to go before we see what the year-end gas price ends up as. Should be interesting.
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