Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ed Ajootian who wrote (3571)	10/5/1998 7:53:00 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 5504

Would really like to know: was Z-man just blowing some more smoke up my *ss when he referred to the alleged huge sell orders out there or is that info actually available to the public? I could have bought some more of this at $2.875 but didn't, only because of my buddy's comments.

To: Ed Ajootian who wrote (3571)	10/5/1998 8:14:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 5504

Ed, if you look at : quote.yahoo.com You will see those two large trades I mentioned. As for Strain's estimates, I have not reviewed these at all. Have you calculated the cash flow yourself from basic data (daily flow rate, participation of others, or percentage accruing to HEC, costs involved and capex budgeted and finally, the point that always worries me the most, the number of shares on which this income is based, or the possible proliferation of shares due to the various floorless issues). As for the future direction of the stock, it is already down sharply from where we started this discussion, if indeed one can be assured that $.60 cash flow per share is there, then at these prices the shares certainly are more "fairly valued" then few months back. You must take into account, however two factors, HEC has not participated in the small P&E rally induced by the recent increase of crude all the way to $16/share, and now, it seems that the deflationary environment is "reestablishing itself". On the first whiff of declining crude, HEC made a new low. I would say reentry is probably premature and would not be surprised to see prices in the very low 2' and possibly lower. Just my two cents. Zeev