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

To: Rod Copeland who wrote (3466)	8/27/1998 9:27:00 AM
From: Rod Copeland	Read Replies (3) \| Respond to of 5504

Sometimes I think perhaps we are too close to the tree to see the forest. When you think about this sector (oil and gas), you have to believe that it will rebound. You also have to know that for the big money to return, the commodity price has to be significantly better. Harken could tick up significantly with news from the Islero well. However the move will be relatively small compared to what it would have been with the oil sector in good stead overall. So, the most important factor to making money with HEC stock at this time is the recovery of the commodity. (That is, if you believe in management.) I believe the same to be true of all E&P companies. Of course, I have been long on the stock (too close to the tree) and will remain so, due to my confidence in management and their extraordinary success in Colombia. (note: spelled with an "o") <ggg>. I just don't see us making a killing on the stock until crude oil climbs back to $15/bbl. The sector has to come back into favor, or at least out of disfavor, before we can expect to maximize our stock values. It is definitely the time to be acquiring the stock. Is there anyone out there who doesn't believe crude oil prices will go back up?