Theo's picture
Chesapeake Gasses Up Yet Again

Fool.com released an article today about how Chesapeake Energy (CHK), one of my holdings, continues to acquire natural gas assets.  Management is paying less than $12 per barrel of oil equivalent and fully hedging.  Also, it should be noted, the insiders have continued to buy millions of dollars in shares since my last posting.

It looks like the empire-building at Chesapeake Energy (NYSE: CHK) goes on. Apparently not content to merely be among the largest natural gas companies in the United States (in terms of domestic reserves), the company has once again purchased more energy-producing assets.

http://www.fool.com/News/mft/2006/mft06011830.htm