Chesapeake Energy (CHK) management just announced some preliminary fourth quarter results. The biggest news was a 10,000 BOD increase from the third quarter. Most of that increase came from the very profitable acquisition properties. It does not take a lot of oil production to make a significant difference in cash flows and revenues. Already, the relatively small amount of oil production generates the majority of the revenues. That cash register will be ringing a lot with far better oil margins in the future replacing paltry natural gas margins. Therefore, despite the worries of