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Gold/Mining/Energy : Harken Energy Corporation (HEC)
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To: Ed Ajootian who wrote (4168)2/10/1999 7:30:00 PM
From: Don Crespino  Read Replies (2) of 5504
 
Well hello ED,

havent't seen you around these here parts lately. I agree with you on almost everything you said but you left out the fact that "ALWAYS" 2-3 days prior to a news release we see the price driven up. (check the volume and price over the last 3-years just prior to release of news). My guess is they knew 2-weeks ago this well was bad and just prolonged the news.
Your absolutely right about ROH and PKC they got and are getting screwed. Harken knows they have and had production from ESTERO wells and wont clear them to sell the oil because of deflated price. That my friends is a FACT! ROH was counting on the income to satisfy some of the debt they didn't get it. I would assume PKC was in the same boat only they had enough cash to hold out long enough.
Actually I don't care, I sold last week and regardless won't buy back into HEC... It may be fundamentally strong, which I doubt very seriously their Management is purely smoke and mirrors. I won't tell you what HEC cost me over the last 3-years but my friends it wasn't chump change. I listened to everyone saying buy on the dips, buy on the dips. Nice theory but doesnt always work out like it was suppose to.
For all of you who stay in HEC, good luck! For all of you new to HEC don't take what you hear on this thread or any others to seriously. Emotion is a funny thing, it will make you do things you might not even consider normally.

regards
DJC

God Bless!
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