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


To: oilstks who wrote (3036)6/23/1998 10:07:00 PM
From: Rod Copeland  Read Replies (1) | Respond to of 5504
 
Tom,
Thanks for posting that. I didn't see it. HEC has been coasting downhill with the price of crude. I still look for it to do great things.
I have now shut in half of my wells, and am puckered up like I ate a green persimmon. I guess we will tough it out some way. Just have to hold the leases.
The Yahoo thread has been much more active, but they seem to want to argue about which stock is better all the time. I haven't gleaned any really good information from over there, either. I have trouble with the concept of all the cookies being up for grabs with the Cambulos well. I feel that HEC has already found enough reserves to substantiate a meaningful increase in their stock price. Until oil prices get back up above $16, I don't think we can expect much from any E&P company. So its hang on till the price returns.
If they drill a dry hole on the Cambulos, I expect the stock to dive, and it will be a great buying opportunity. They have gotten so carried away with the SEV story that a miss will definately take the stock down. I think there is a very good chance of missing, too!!

Regards,
Rod