SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Chesapeake Energy CHK
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Razorbak who wrote (463)1/3/1999 9:43:00 PM
From: Ed Ajootian  Read Replies (2) of 726
 
Razor,

I believe the preferred is a better buy than the common right now. The preferred is convertible into 7.2 shs. of common and is selling for just $10, which is not much of a premium considering it is also entitled to dividends @ $3.50/yr. if & when CHK ever comes back.

I believe a better buy in any event is Meridian Resource Corp. (TMR). Their mix of reserves is not as heavily gas-weighted as CHK's (60% for TMR vs. 90% for CHK), but they are not nearly as burdened with debt. Would be interested to know if you've looked at TMR and what you think.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News