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

To: Richard Mazzarella who wrote (5311)	3/31/2001 9:04:01 AM
From: Razorbak	Read Replies (1) \| Respond to of 5504

GT0? Nope, ain't gonna happen. I don't see it going to zero. Despite all the flaws, the Company still generated $12.8MM of positive cash flow from operations. Granted, after deduction of $28.0MM of capex, free cash flow was still negative at <$15.2MM>, but not anywhere near what it has been in the past: e.g., <$86.7MM> in 1998, and <$66.5MM> in 1999. Plus, they're still in a relatively hot industry supported by high commodity prices and positive sector fundamentals. Razor