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

To: Zeev Hed who wrote (4573)9/23/1999 11:58:00 AM
From: art slott  Read Replies (1) | Respond to of 5504
 
Zev, the downgrade is a good contrarian indicator imo.

I don't think anyone expects Hec to trade under a buck anytime soon even with tax selling which I believe most institutions have already done.

Hec's probably as far away from chapter 11 imo as they've ever been.
The IMF loan was 55 million.



To: Zeev Hed who wrote (4573)9/23/1999 1:57:00 PM
From: Razorbak  Read Replies (1) | Respond to of 5504
 
Anyone here know what Harken's current quarterly burn rate is? It might not take many dry holes to burn through their cash cushion. JMHO.

Message 9779203

Razor



To: Zeev Hed who wrote (4573)9/30/1999 3:01:00 PM
From: Richard Mazzarella  Read Replies (1) | Respond to of 5504
 
Zeev, <<chart does look ugly>> Still does, but don't you think we've bottomed here? There should be a dead oil drop bounce, shouldn't there? What are your frog innards telling you about HEC? <VBG>


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