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

To: Ed Ajootian who wrote (4654)	11/2/1999 1:13:00 AM
From: Arktic	Read Replies (1) \| Respond to of 5504

Ed: Just for drill (no pun intended), I'd like to politely disagree with you regarding the stock buy back. HEC management knows more about their asset base than anybody else. If they believe that the current market price is signficantly below net present value of assets, using some cash to buy back stock at the current level is in the interest of shareholders. I agree that they need to leave themselves well positioned for development of the oil they have discovered, but from my perspective, they are well aware of the cash demands they face and are probably making a move that will look like a stroke of genius a year from now. In any case, I agree that things are getting interesting! This is a great contrarian play for those who believe Harken will survive and thrive. Could be the bottom fishing opportunity of the year... Paul L. Craig

To: Ed Ajootian who wrote (4654)	11/2/1999 10:29:00 AM
From: Rod Copeland	Read Replies (2) \| Respond to of 5504

Ed, I'm with Paul on the stock repurchase, and if you are buying then you should be too, unless you think there is a better use of the capital. Once we get some financial information, we will be able to see a clearer picture. I know there will be some screaming from some about not having 90mm in cash, but even though its nice to have a large cash position, its a waste. After all, this is an E&P company. Its supposed to be trying to find oil, not earning interest. At least things are heating up again. It will be a fun time again, as the stock heads in the "right" direction for a change. Rod.