Thank you Reade for your response. I believe that it was you or another gentleman that alerted us to this investment about two years ago. Through time we have taken a large position.
I like to evaluate from time to time the late CD's investments. He was not necessarily a fan of other successes like UP but was a fan of Hegco. Both make a good case. These Hegco gentlemen have appeared to be very nimble and talented. They will take us far if we let them, which leads me to the next question. I am a bit confused in this company’s management style. You must understand that it is my business to analyze and make recommendations. CD was one of Houston’s best. This is not adding up and I need some of your feedback.
Like you, I am wondering what has happened to our market concentration. It takes all types to make a company work in the public sector. I am not an expert on the personnel in this outfit but it appears to me that accountants and engineers have taken the lead with Hegco. The current activities over the last year shows smart high level strategic management, but is very dangerous if the alpha leaders have decided to take a back seat. If so, we need them now, front and center. If they resurrect the spirit of an energy player, I will watch and participate. With market leadership, this company can exceed market expectations. Today there are none. With production increases only, it will lack behind the rest and get bought by a company that will thank Hegco for all of it's good engineering. So, how do we shake this thing up. From everything I can see, it needs it.
Who is the leader? Is there the "right stuff" person in this mix? Our experience is that there is usually one that leads the rest. Big successes take cavalier leaders (a Texan trait), who put engineers and administrators to work.
Could you please let me know where other sites are that discuss HEGCO? It would be appreciated.
Thank you sir,
Charlie Jr. |
