HRP.T Harbour Petro Message Board

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Gold/Mining/Energy : HRP.T Harbour Petro

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To: terry astle who wrote (42)	6/11/1998 8:57:00 PM
From: Brian Diggle	Read Replies (1) of 62

There were only 5 trades today (volume 21,500; unchanged at 0.36) but the buying broker was the same on all 5 trades. I suspect that "someone" is picking up shares. Does this someone know more than we do? I'll keep an eye on this trading activity (as best I can) and post the results here. I went back through the annual report stuff trying to determine how much cash they now have (after paying off bank debts) but I couldn't find anything that gave me a clue. Do you have any idea how much cash they have? 700 BOED Can they net CDN $ 5.00 per BOED, a tall order given US $ 13 oil. But assuming they net CDN $ 5; then 700 x 365 x 5 = $ 1 277 000 per year There are about 28 million shares out, so 1.3/28 gives a 1 year appreciation of only about 4.5 cents!!!!! The key then is: how much cash they have now; and how much they net (at US 13/CDN 19 oil). The real question is: Time to average down; or time to cut our losses? I would appreciate your thinking on this. I will post any trading activity that I do, and request that you would do the same. I'm presently long 3000 shares at a price of about 0.65

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