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Technology Stocks : My favorite stock for the next 12 months
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To: Jim Furley who wrote ()5/24/1997 11:28:00 AM
From: Steve Hegji   of 246
 
To All:

My favorite stock for the next 12 months is Equity Compression Services (EQCS) - formerly known as Hawkins Energy (HECI).

This company's main thrust is the leasing of gas compression units to the Aging gas fields in the Southern United States. As these fields age, more and more of them require compression to maintain enough pressure to keep moving down the pipeline.

A group of Texas O&G millionaires bought into this company at the end of 1996. These guys hold warrants which can only be exercised contingent upon their success at bringing new business into the company (as measured in units of leased compression capacity). This same group of investors, known as HACL, as done this before with consistent success. The last company they did this with was a gas producer. It went from below $1/share to about $6 before it was bought out by (I think) El Paso Natural Gas. EQCS is now at 2 3/8, at the time HACL got involved it was around 1 1/4.

How I first heard of this company. A friend of mine has a girlfriend whose father told her to invest in this stock. Her father is an old college friend of one of the HACL investors. This investor was traveling around visiting old friends (because he'd received a "terminal" medical diagnosis). While visiting this girl's father he shared this tip.

Now for late breaking rumors. Just in the last week this girl asked her father if she should sell the stock (she needed some money and had a double in it already). He said definitely not. Take that for what it's worth - I don't know what information he had when offering that opinion.

I purchased the stock at 1.5. I plan to hold it for at least another year because I believe that HACL is no where near done increasing the value of this company.
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