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

To: Rod Copeland who wrote (3449)	8/22/1998 12:51:00 PM
From: Razorbak	Read Replies (1) \| Respond to of 5504

Risk Averse? <<I wish people would think a little more about what kind of company HEC is. This isn't a situation where you are going to have "Cash Flow" in the early stages of development. Its going to take more money than you can generate internally to get the wells onstream. If you want to get in on the ground floor, then you have to understand that. If you don't want to take the risk, then you can wait until they have put the production onstream, and buy their stock at a higher price and take the slower growth rate while they service the debt. It is the age old risk-reward equation. Play now, take risks, maybe make lots of money. Play later, less risks, definately not make as much money.>> Risk-averse? Me??? LOL! That's one of the best one's I've heard in a long, long time. <g> I know from prior experience just how hard it is to catch a falling knife, but that doesn't necessarily make me risk averse. Actually, Rod, my last call on HEC (July 2, 1997), seems to have held up pretty well over time... Message 1695432 quote.yahoo.com BTW, how's your Abacan investment been doing lately? exchange2000.com quote.yahoo.com Don't you just hate to average down? <vbg> So much for "hog wash", eh? ;^) All in fun of course. Good luck with your investments. Razor

To: Rod Copeland who wrote (3449)	8/22/1998 3:51:00 PM
From: SDR-SI	Respond to of 5504

Rod and all: In case anyone wants to see what the others in the oil industry think about whether HEC is a serious player, and whether professionals in the field think that HEC can make a contribution to the oil business, the following will be a feature article in the upcoming September issue of "WORLD OIL": <<<Drilling. Horizontal/underbalanced wells in Colombia. U.S. independent Harken International drills the first such wells in the country and produces impressive flowrates.>>> Steve

To: Rod Copeland who wrote (3449)	8/24/1998 12:41:00 AM
From: Ed Ajootian	Read Replies (4) \| Respond to of 5504

Rod, Not sure what Razor was talking about there. All oil junior oil exploration companies get into cash financing pickles --- that is the nature of the game. You are giving the Z-man much more credit than he deserves, IMO, for the recent dip in HEC's stock price. None of the big boys are taking this floorless issue seriously re: HEC. Was disappointed to not get an answer from Razor on what we could look for and when we should see it, to see if the theory of the floorless having an impact on HEC's stock price holds any water. All the guy can say is "wait & see"! He is not like he used to be. Too busy looking up words in the dictionary I guess . Maybe he's pissed at having come up short on Arakis and is taking it out on the rest of us. BTW, did you see that HEC's short interest only increased something like 300 K shares from 7/16 to 8/15? This was the very time period that our buddy the Z-man was putting out daily posts that conjured up images of massive shorting by the floorless securities holders. The fact that HEC short interest did not even increase by a day's average volume during that time pretty much closes the book on the Z-man's credibility IMO. For the next couple of months I believe its gonna be rough sledding for HEC, and the reason has nothing to do with its securites or the amount of its working capital or cash flow. They are getting whacked by the double-whammy of: 1) low oil prices, and 2) what I believe is now unfolding, a severe stock market correction. This correction will bring all stocks down with it indiscriminantly, IMO.