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

To: Razorbak who wrote (476)	3/14/1999 5:33:00 PM
From: Ed Ajootian	Respond to of 726

Razor, Thanks, good point. I wonder at what price would Aubrey sell. In any event it should be interesting to see their 4th quarter numbers. As long as commodity prices don't go back down this should be the last of the ceiling write-downs. I am betting that CHK will make an exchange offer to the preferred shareholders in order to avoid the ticking time bomb of the accretion of the unpaid dividends. Picked up a small amount of preferred shares at $10.50 the other day and looking to add some more on dips below $11.