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Gold/Mining/Energy : Chesapeake Energy CHK -- Ignore unavailable to you. Want to Upgrade?


To: Robert T. Quasius who wrote (631)6/8/2001 10:14:02 PM
From: Robert T. Quasius  Respond to of 726
 
I'm in today with an initial position at $8.20. $12-$14 is probably a good 12 month target. CHK is definitely undervalued.

Also bought PNO today, which is extremely cheap versus cash flow and free cash flow.

I see this sector heading back up this summer, booming if we get another cold winter.



To: Robert T. Quasius who wrote (631)6/26/2001 11:35:44 AM
From: LAWRENCE C.  Read Replies (1) | Respond to of 726
 
Robert, can't tell you why it went from a Wall Street darling to it's current state. The fundamentals look good. Management's hedge plan has shown to be wise for this period in natural gas prices.
They improved their debt position by refinancing part of it at better rates. Oil prices were higher than planned. So quarterly earnings should be good.
Lucky Lawrence