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To: Keith J who wrote (66081)6/16/2006 10:19:15 PM
From: ChanceIs  Read Replies (1) | Respond to of 206326
 
>>>part of the problem is they keep issuing convertible preferred,<<<

I thought that CHK was buying them in:

Chesapeake Energy Corporation Announces Exchange Offer for Its 5.00% Cumulative Convertible Preferred Stock
Wednesday May 3, 10:41 pm ET

OKLAHOMA CITY, May 3 /PRNewswire-FirstCall/ -- Chesapeake Energy Corporation (NYSE: CHK - News) today announced that it intends to commence an offer to exchange shares of its common stock for any and all of its outstanding 842,673 shares of 5.00% Cumulative Convertible Preferred Stock (Series 2003) (NYSE: CHKPrB, the "Preferred Stock") (CUSIP No. 165167800).

biz.yahoo.com