Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gabor who wrote (489)	4/17/1999 3:32:00 AM
From: Lawrence Burg	Read Replies (1) \| Respond to of 726

Pretty bold statements...:o) Course the recent action supports some bullish sentiment. We had CHK come up when it was breaking through $1 & OPEC cuts were rumored. I see much of the sector w/similar behavior today. Wondering if we're due to bounce off the 200DMAs as a support now, or the sector has begun to run in earnest.... btw, is it hang or "hung all the lawyers" in your profile...that is to say, have you disposed of your fair share, or are you still at it...:o)

To: Gabor who wrote (489)	4/17/1999 9:52:00 AM
From: Ed Ajootian	Read Replies (1) \| Respond to of 726

Gabor, Congrats on a great call here. You may want to keep some dry powder for the dip that will likely occur when they announce 1st quarter earnings. Nat. gas prices were lower in 1Q '99 than they were in 4Q '98. There might even be need for one more ceiling writedown. I still like the preferred better than the common on this one. Its convertible into 7.2 shs. common so the premium you're paying for it coming ahead of the common is well worth it. The XNG index has really taken off since February and this is gonna bring a lot institutional money back into the nat. gas stocks. But unless CHK makes some phenomenal discovery in the next month or they do a reverse split I can't see it getting to $5. Do you know if they have any big-potential wells nearing total depth at this point?