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

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To: Zeev Hed who wrote (5176)11/30/2000 8:24:14 PM
From: Gary105  Read Replies (1) of 5504
 
Buy or forget? comments welcome.

1. On the negative side, financing has never been that great with this company. Also on the negative side, tax selling and downward trend.

2. On the positive side, growing profitable domestic base, 2 wells should commence soon in Colombia (high risk, high reward) and the important part of the Costa Rican concession was preserved. One pumper on yahoo earlier said that if successful, CR in best case scenario could be worth $500/share ($50/pre split).

So to me the stock looks like a single digit stock (US reserves) with an option on a Powerball ticket(CR and Col) - with much less risk than Powerball but with still a fair amount of risk.

Comments welcome

All imo
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