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

To: Ed Ajootian who wrote (2404)	1/23/1998 6:50:00 PM
From: Rod Copeland	Read Replies (1) \| Respond to of 5504

I won't go far on this tangent, but I have always felt that the U.S. has controlled the price of oil. We need and want cheap energy, and we have the Saudi's so dependent upon us for their safety... so when we need cheap energy we have an ace in the hole. ( That card won't always be available for us, but for the time being it is.) I don't have much debt, but a lot of our wells are marginal producers. When you knock $9 off each barrel, it pretty well eliminates our profit on the marginal wells. Not to mention that I just hate to sell it so cheap, when I know it will be back up a few dollars in short order. I have never hedged my production, but I have been known to shut some wells in when the price gets too low. Confirmation of the core sample info may be hard to get. By the way the stock has reacted, I would think they would be blabbing all the good info they could. Then we might be able to buy some more when it goes down to $4 on the good news!!! I know this has frustrated a lot of HEC players, but it is patience that will be rewarded. Some would say there must be something we aren't being told, but I don't think so now. O & G just happens to suck at the moment. That will change again too. It always does. Rod