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

To: Gary105 who wrote (5201)	12/11/2000 9:29:50 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 5504

Gary, HEC is producing oil at a rate of 1 mmbo/yr. So for every $ oil prices go down their precious $16 M of annual cash flow run rate slides a cool million $ lower. At $11 M/yr. of cash flow the stock is now selling at about 6 x cash flow, a multiple usually reserved for the stocks with huge potential. Not saying HEC doesn't have huge potential, but it has no way to realize that potential without issuing more stock. Aren't they drilling a well in Colombia now? Maybe its getting close to hitting TD. If the stock runs up on that news it might not be a bad time to take some profits on this puppy.