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


To: Razorbak who wrote (3984)1/1/1999 9:27:00 AM
From: Arktic  Read Replies (2) | Respond to of 5504
 
Also OFF TOPIC (CHK)

Razor and Zeev... Happy New Year and a Fulfilling Season of Spiritual Awareness <ggg... got the line from a mechanic's answering machine>...

As both of you may be aware, I started an E&P company in Alaska in 1993. Acquired some very favorable leases but never secured risk capital for drilling. Sold the leases in April 1997. I reviewed CHK carefully before that time as a possible JV partner. The article in Forbes a couple of years ago re: CHK concerned me. Given their strategy at that time and the subsequent commodity markets, it doesn't surprise me that their stock is trading at the current level.

Other than the stock being so low, what makes you think this may be a good investment today? Are you buying long-term or just a short-term deadcat bounce? Just curious about your strategy.

Again, happy new year.

Paul L. Craig