Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rod Copeland who wrote (2399)	1/23/1998 10:16:00 AM
From: Don Crespino	Read Replies (1) \| Respond to of 5504

Well Ive decided that if HEC gets back close to $7.00 Im out. Ive listened to hype for over 2-years. Im wondering how many remember what Paul hayes predicted what the price would be by last years end, $11.00-$12.00. Well folks it aint goin to happen anytime soon and if it does I predict it wont stay long. I lived in Oklahoma in the 80's and when oil gets this cheap it kills business for drillers and exploration companys. I dont care how much you think is in the ground when it gets this cheap profits fall. DJC P.S. I have 7 other stocks related to oil that I play. HEC is the only one down again this A.M. there just isnt any support for them. The stock consistently sells for bid not ask.

To: Rod Copeland who wrote (2399)	1/23/1998 12:30:00 PM
From: art slott	Read Replies (1) \| Respond to of 5504

Hi Rod, here is a Yahoo post. Message Boards Help - Edit Identities - Sign Out Top:Business and Finance:Stocks:Energy:Oil & Gas Operations:HEC (Harken Energy Corporation) <- Previous Message 227 of 227 Reply Subj: preliminary, yes!, but still good By: spencgd Date: Jan 23 1998 9:21 A.M PST Reply To: Msg. 223 by geostone I talked to a friend of mine that is an operator in the Austin Chalk area of Texas. He knows and likes the HEC management from previous joint ventures. He had not heard the Estero and Catalina news until I told him. He said that based on the offset well (Catalina #1 ?) information that he had and the permeability that is present there, the odds are greatly in favor of the same type of permeability being in this well. Also, according to him, this structure is VERY, VERY similar to the Austin Chalk, where they have been using horizontal drilling for quite a while with outstanding results.... it is NOT new technology. The final point that made me pick up some more shares was when he told me that the next call he was making was to his broker to "buy some more HEC." HEC Quote HEC Profile HEC Research Go to: Start \| Most Recent Message \| Message List All Boards Only in this Board All Boards & Topics Authors Disclaimer Yahoo! is a trademark of Yahoo! Inc. Copyright c 1994-98 Yahoo! All Rights Reserved.

To: Rod Copeland who wrote (2399)	1/23/1998 5:14:00 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 5504

Rod, It'll be interesting to see if OPEC can survive this price crash. I believe this is the first time in history that the price of oil went down this low for some reason _other than the Saudis going nuts over-producing. I think many HEC shareholders are thinking similar to Don and the $7 mark is gonna be an all but impenetrable wall, even if HEC hits both of these two wells. I believe one reason the exploration companies get particularly hard hit in a soft commodity price environment is that folks realize they will not be rewarded enough for taking the high risks of investing in these stocks. The hot money is long gone & hard to find in this sector now, and the only ones left are the hard-core O&G guys. A lot of these guys figure why try to be a hero, I'll just hole up in some boring undervalued asset situation (such as ROH & PKC -- couldn't resist!) and be all but assured of making a few bucks when prices come back. Hopefully your company is not too strung out with debt. BTW, do you hedge much of your production? Anyone that's been doing that is obviously in great shape now! One thing on the Estero #3 well. Can you or any of our other resident field experts here either confirm or deny the rumor that the well has been cored and the core samples showed 28 -- 32 degree API oil? If that is true it is great news since it means they can blend that stuff with the heavy stuff down in the Ubaque.