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


To: oilstks who wrote (3055)6/28/1998 5:53:00 PM
From: oilstks  Read Replies (1) | Respond to of 5504
 
The $1.571 Billion includes the possible and probable categories. Until these reserves get moved into the proved category they can't get be used for real valuations. But these figures are from an independent engineering firm . They would not want to ruin their reputation by making wild an outlandish estimates.
I repeat what I have said in the past, If you have faith in management , then hold the stock . If not go try and find something else where you have this much explosive upside potential. I went to the annual meeting as a skeptic and came away very impressed with Mikel Faulker ! I have been to many dog and pony shows and this one
was a success . Most in the audience arrived as doubters but every question was answered. None were dodged ,almost everyone I queried after the meeting seemed satisfied . Caveat emptor !