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

To: Richard L. Williams who wrote (394)	7/17/1998 9:49:00 PM
From: Mark Adams	Read Replies (1) \| Respond to of 726

I own some CHK near $6 too. That they were open to merging came as a surprise to me. I planned to hold until oil prices recovered, and have to wonder if a buyer would pay what I feel fair value is. There was some talk that CHK's cash flow wasn't enough to develop their leaseholds after their recent merger spree. This might be true, but as long as they turn a profit they can hold out for higher oil prices. I'm in until they break $10 or $0.

To: Richard L. Williams who wrote (394)	7/20/1998 10:51:00 AM
From: Aquaman	Read Replies (1) \| Respond to of 726

Richard, CHK went on a fast track program of mergers with several small companies, both oil and natural gas, this has many wall street types confused.... as a result of crude prices falling this stock is beat down. It would seem that they fear a hostile takeover but would welcome merger with anyone who would not change top managers. The true book value is much higher than the $3.00/share ...this will be taken into account in merger of either kind. ek