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Gold/Mining/Energy : Harken Energy Corporation (HEC)
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To: Rod Copeland who wrote (3788)12/8/1998 3:22:00 PM
From: Arktic  Read Replies (1) of 5504
 
Rod:

One of my early investment mentors recommended "buy good management". Sounds like you are following that advice and recommending others to do so as well. With regard to field activities, financing, and planning in this horrible environment for E&P companies, HEC has been a relative shining star. I continue to hold based upon what I understand to be huge probable reserves, money in the bank to move forward, and good management.

Thanks for your words of encouragement in difficult times. I suspect that the money brokers funding the convertibles discussed in this thread occasionally read the discussion. Wonder what they really think... I suspect they are happy with Zeev's posts. To the extent that the average investor believes the floorless game as described by Zeev, they would sell their HEC stock. In the short run, this would be in the convertible investors' best interest. A bit of self fulfilling prophecy at some level. Anyway... I'm in it for the long haul and expect HEC to do very well as the oil patch recovers and probable reserves become bookable as proved. At the same time, I suspect that the convertible investors would do what is necessary to protect their capital investment. "Friendlies" does not translate into generous when the chips are down. It will be interesting to see how this scenario unfolds. Again, for what it's worth... I'm holdin' and looking for brighter times to come with HEC.

Paul L. Craig
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