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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (28926)11/10/2007 9:29:57 AM
From: Grommit  Read Replies (1) of 78670
 
HTE - Their cash flow was low due to low crack spreads, which are increasing. Lowering the dividend was prudent. Worldwide refinery capacity is tight, so the low crack spreads are baffling to me. I think they cannot last.

oilintel.com

As far as sustainability, check their website. They mention the inventory of future development is 1,000+ drilling locations and 840,000+ acres of undeveloped land. I don't know how long that lasts. I have to think they are not idiots and want their company and jobs to last more than 5 years.

- Advanced and formalized a Sustainable Growth strategy which will position Harvest for the long-term as a significant operator in Canada's energy industry.

harvestenergy.ca

Of course I do not want to minimize your concerns. You may be right.
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