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

To: Razorbak who wrote (463)	1/1/1999 4:45:00 PM
From: Gabor	Read Replies (1) \| Respond to of 726

Razorbak, Very nicely said.The merger wish is pure B.S. as far as I am concerned.What is interesting is that even today chk has over 10 rigs drilling.They did make a deep play 21,000' and hit a good gas well.CHK created a big problem for themselves by the various buying at the wrong time,their anticipation were clearly wrong.In 6 Mo you can buy producing properties at 10Cents on the dollar.It is very possible for chk to go to 50cents a share,not to mention a reverse stock split.For a long term it is more than likely is a good investment,providing that there would be no reverse split.This low oil and gas cycle will end as it always has,however we maybe looking at several years for it to reach better times.In the near future is the time to buy producing properties at 10 Cents on the Dollar. Happy New Year, Gabor

To: Razorbak who wrote (463)	1/3/1999 9:43:00 PM
From: Ed Ajootian	Read Replies (2) \| Respond to 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.