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

To: Gabriela Neri who wrote (2256)	12/17/1997 7:56:00 PM
From: Don Crespino	Respond to of 5504

Gabriela, Im curious if you've looked at the maps I posted earlier and figured out where on the map most of the attacks are taking place. I havent had time to do it, but I dont think there close-by. I agree that at this level I think most investers are waiting on the rest of the market to settle-out. I even bought Gold stocks this A.M. and made 10% today. Its a crazy market right now nothing is making any sense. I did notice for the first day in a while notice March Crude oil went up in price, +.02 but hey its a start, maybe? Regards DJC

To: Gabriela Neri who wrote (2256)	12/17/1997 8:07:00 PM
From: John S. Sturges	Read Replies (1) \| Respond to of 5504

HEC has been under pressure from active selling out of Asia. Holders needed liquidity as home markets have been pelted and HEC gives them dollars which they needed. Pressure from this source continues, the conversion price for the convertible note which they hold is at $5shr. The stock should be stable here. Also, don't forget OPEC just scared the oil bulls with the raising of quotas, mind you they were already pumping at these levels for 2yrs. and oil prices were rising. Also, the collapse of the Asian markets created a fear at the same time that a world recession would occur and oil proces would falter. If you look around you will also see few small cap oil stocks have rebounded since the sell off in Oct. Since, the story here is discovery and not oil price you have to wait for the discovery announcements and not worry about these type of fluctuations. HEC's management has assured me they are on schedule and "very pleased" with their drilling results in the latest prospect. This one looks very good. The management is not prone to hype. Keep an eye on Seven Seas announcements in the next 10dys. They should be positive for the stock if the selling from Asia lets up. John