Chesapeake Energy CHK Message Board

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Gold/Mining/Energy : Chesapeake Energy CHK

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To: Gabor who wrote (501)	4/28/1999 10:51:00 PM
From: Ed Ajootian	Read Replies (2) of 726

Gabor, Keep that champaigne on ice a little bit longer buddy! Quite an amazing run past the $2 mark the last two days, on no news. This company has enormous leverage to changes in commodity prices. They produced 25 BCF of gas and 1.4 mmbo in 4Q '98, and got an average price of $1.79/mcf and under $12 a bbl. of oil. As long as they can keep up that rate of production, then if gas prices went to $2.20 and oil went up to $17 they would generate another $.60 a share in cash flow per year! Maybe $5 isn't so crazy after all. Now its looking like the market is ready to totally ignore the bad news of the first quarter earnings announcement.

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