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

To: SDR-SI who wrote (4011)	1/5/1999 3:45:00 PM
From: Richard Singer	Read Replies (2) \| Respond to of 5504

From Herb Greenberg's column today: (Zeev-This issue is just chock full of coincidences?) Do fundamentals matter? Rick Eckenrodt, who runs the Lindner Utility fund (down 8% last year), thinks they do. Otherwise he wouldn't have owned such winners as WorldCom (WCOM:Nasdaq) or El Paso Electric (EE:AMEX). Or he wouldn't be the owner of Harken Energy (HEC:AMEX), which has gone from around 6 to 2. With more than a buck per share in cash, and with its domestic gas biz valued at another $1.50 per share, he doesn't see how he can lose. "And that's giving no credit to one and a half million acres of leases" on wells in Colombia, where Harken is sitting atop what some geologists say may be a gas field as big as the oil gusher in Alaska's North Slope. Yet when Eckenrodt at holiday parties was asked which stocks he liked, and he mentioned Harken, he got the distinct impression people would have preferred talking to an insurance salesman. (What, no undiscovered Internet stocks?)