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$66.78 -2.62 (-3.78%)
7/3/2008 1:00 PM

Chesapeake Energy Corp (CHK)

CAPS Rating:
*****

An oil and natural gas exploration and production company engaged in the acquisition, exploration and development of properties for the production of crude oil and natural gas from underground reservoirs and the marketing of natural gas and oil.

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Recs

8

Avatar DutchMark (< 20) Submitted: 11/10/06 9:25 AM : Outperform Start Price: $32.46 CHK Score: 114.90

Where do I start? Very competent management with the balls to use the market-gyrations to their advantage. That plus a valuation that doesn't seem to account for the enormous amount of unproven gas reserves this company is sitting on. "It's a deal, it's a steal, it's the deal of the f***ing century!" to quote one of my favourite movies.

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Avatar TDRH (100.00) Submitted: 12/28/06 10:26 AM

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I agree with your assessment of the company, but I have been watching this one for several years and it has some difficulty staying above the $30.00 level. Not sure why, but I would recommend you wait for it to turn greeen, close, and then wait for it to fall back to a safer level.

This is just a fool's advice- I have been wrong many, many times before.

Unfortunately I did not buy it at $10.00 several years back, felt that I was already invested too heavily in Energy, which I was, but still have a tear in my beer.

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Avatar TDRH (100.00) Submitted: 12/28/06 10:30 AM

Recs: 0 | Rec This

I agree with your assessment of the company, but I have been watching this one for several years and it has some difficulty staying above the $30.00 level. Not sure why, but I would recommend you wait for it to turn greeen, close, and then wait for it to fall back to a safer level.

This is just a fool's advice- I have been wrong many, many times before.

Unfortunately I did not buy it at $10.00 several years back, felt that I was already invested too heavily in Energy, which I was, but still have a tear in my beer.

Report this Post Reply

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