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


To: Ray Emery who wrote (4183)2/11/1999 6:18:00 PM
From: Robert Sanders  Read Replies (1) | Respond to of 5504
 
Thanks Rod, your real world situation helps shed light on HEC sitting on its reserves. I would like to think HEC is in a strong enough cash position to do so, but I wonder in light of the heavy spending on Islero, F Series repurchase, supposed spending on pipeline and common stock repurchase plan. If they continue on this course without significant Columbian production they're either going to have to bring exploration to a standstill or secure some more financing. Still long and keeping some powder dry. --Bob