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Gold/Mining/Energy : Harken Energy Corporation (HEC)
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To: Arktic who wrote (4273)3/11/1999 9:40:00 AM
From: Rod Copeland  Read Replies (2) of 5504
 
Paul,
I am not sure if it means much at all. Historically, Brent has consistently been about $1.10 less than NYMEX, and as of late, it has been a considerably larger spread. It makes me believe one of the markets is out of whack. Since we have been beaten up so badly, I have become somewhat pessimistic, and therefore am selling my crude today, just in case its NYMEX which will be correcting.
Our price is tied to NYMEX and not Brent.
Rod.
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