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Gold/Mining/Energy : Chesapeake Energy CHK
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To: Razorbak who wrote (463)1/1/1999 4:45:00 PM
From: Gabor  Read Replies (1) of 726
 
Razorbak,
Very nicely said.The merger wish is pure B.S. as far as I am concerned.What is interesting is that even today chk has over 10 rigs
drilling.They did make a deep play 21,000' and hit a good gas well.CHK created a big problem for themselves by the various buying at the wrong time,their anticipation were clearly wrong.In 6 Mo you can buy producing properties at 10Cents on the dollar.It is very possible for chk to go to 50cents a share,not to mention a reverse stock split.For a long term it is more than likely is a good investment,providing that there would be no reverse split.This low oil and gas cycle will end as it always has,however we maybe looking at several years for it to reach better times.In the near future is the time to buy producing properties at 10 Cents on the Dollar.
Happy New Year,
Gabor
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