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Gold/Mining/Energy : Harken Energy Corporation (HEC) -- Ignore unavailable to you. Want to Upgrade?


To: Rod Copeland who wrote (4543)9/8/1999 5:58:00 PM
From: Razorbak  Read Replies (1) | Respond to of 5504
 
It's too bad you don't know them. You'd never question your investment if you did.

Well, then I'm sure glad I never knew management. Seems like questioning the investment here has proven to be the prudent alternative for over two years now... all the way down from $7/share.



To: Rod Copeland who wrote (4543)9/8/1999 8:10:00 PM
From: Ed Ajootian  Read Replies (1) | Respond to of 5504
 
Rod,

The Xplor deal was the last straw for me and I sold out my small position in this company. Mikel & buddies may be the best guys since sliced bread but based on their actions, I do not believe they are doing the right things.

They have inflated the number of shares needlessly with a lot of these acquisitions. The added cash flow from the new production is not enough to make a difference.

The big money is chasing companies with current production, given the high oil prices. We may not see oil prices this high again for many years to come -- gotta grab what production you can while you can.

Will keep an eye on this one and may re-enter once they get that pipeline up or if they are drilling another high-impact well.