Harken Energy Corporation (HEC) Message Board

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

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To: Arktic who wrote (3767)	12/11/1998 12:27:00 AM
From: Craig Lawler	Read Replies (1) of 5504

Penny Wise Dollar Stupid? If one of you oil experts can comment/speculate on what kind of real money HEC is saving by releasing the rigs and waiting to sign long term better contract rates? It seems that the loss in productivity is killing this stock and not having any additional rigs working is just another HEC delay. In the long term, are the rig cost savings that significant that they will makes this stock a better value in 12 -18 months? I would be very surprised but open to hearing the reasoning. I certainly know finding more oil will help. TIA to those of you in the know. FRUSTRATED!!

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