Harken Energy Corporation (HEC) Message Board

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

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To: Rod Copeland who wrote (3015)	6/9/1998 10:37:00 AM
From: R F B, Jr.	Read Replies (1) of 5504

Rod : Has been a tough year for energy stocks. Very mild winter and now with the rain and cool temperatures of the spring/summer, no need for A/C and very little travel opportunity. At least Faulkner has 85 MM in his pocket that he didn't have before no matter where the price of oil is. HEC is in very capable hands IMO. We're in a very strong position as we await results from Cambulos (the big play). Don't believe that many in this stock understand where the value lies. The announcement re: dry holes in Palo Blanco should have been a non-event IMO. They already had more of a find than the whole field was expected to yield in the first place. Although HEC had largest % of the field, relatively speaking it was only a small % with Ecopete, ROR and Parkcrest holding the rest. No one likes being diluted. Don't believe we will see much more of this especially at these prices. Still long & confident.... RFB

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