Harken Energy Corporation (HEC) Message Board

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Gold/Mining/Energy : Harken Energy Corporation (HEC)

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To: Ed Ajootian who wrote (4654)	11/2/1999 1:13:00 AM
From: Arktic	Read Replies (1) of 5504

Ed: Just for drill (no pun intended), I'd like to politely disagree with you regarding the stock buy back. HEC management knows more about their asset base than anybody else. If they believe that the current market price is signficantly below net present value of assets, using some cash to buy back stock at the current level is in the interest of shareholders. I agree that they need to leave themselves well positioned for development of the oil they have discovered, but from my perspective, they are well aware of the cash demands they face and are probably making a move that will look like a stroke of genius a year from now. In any case, I agree that things are getting interesting! This is a great contrarian play for those who believe Harken will survive and thrive. Could be the bottom fishing opportunity of the year... Paul L. Craig

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