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

To: Don Crespino who wrote (3119)	7/6/1998 4:33:00 PM
From: Thomas M. Carroll	Read Replies (1) \| Respond to of 5504

"Post hoc ergo propter hoc" literally means "After this therefore because of this." Because something happened after something else, one makes the error of assuming causation. Tom C

To: Don Crespino who wrote (3119)	7/6/1998 9:08:00 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 5504

Don, You gotta do what ya gotta do. Good luck to you to. By the time your trade settles this turkey could have spudded a well which could prove up the next leg of what Strain has referred to as "the next Prudhoe Bay". Keep an eye on HEC. You may get an opportunity to buy back in, for less money than what you have just sold it for, even after they've announced the Islero spudding and the resumption of non-stop drilling action. In a weird way I kind of like these low oil prices since they keep all the momentum players out of the O&G equity markets and only the diehards are left. The diehards are tight with their money and refuse to bid up a stock just on drilling hype. This then creates periods of severe undervaluation (such as the current situation with HEC) where a company's potential is so markedly discounted that the stock is a steal. Even in weak markets such as this one, when a company makes a big discovery it will get translated into stock price appreciation. Maybe not as much, even on a % basis, as would have been the case if the overall O&G market were stronger, but still well worth the risk, IMO. For anyone still hanging on to HEC, buckle your seatbelts guys! From the Islero spudding until the rest of the year not more than four weeks will pass without some more drilling news. Its gonna be a torrid pace. Don, good luck with those Internet stocks!