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: Razorbak who wrote (4314)	3/19/1999 3:39:00 PM
From: NPValue	Respond to of 5504

Absolutely! Drilling new sites and building the pipelines does not necessarily mean they have to get it out of the ground. But even at the low prices, they can at least pump smaller (and economical, of course) quantities. They don't have to go the 40,000+ potential they have right now with Bolivar.

To: Razorbak who wrote (4314)	3/19/1999 3:57:00 PM
From: Rod Copeland	Read Replies (3) \| Respond to of 5504

Razor, I agree completely with drilling.... its selling the crude that doesn't make sense.... for cash flow they aren't in a bind for. I am trying to drill a well now myself. We will save twenty to thirty percent at today's costs. Finishing the pipeline wouldn't hurt either, but drilling builds reserves which can be leveraged. My remarks were only in regard to the issue of cash flow. The oil is worth more in the ground at the present time. I get the impression that some people chasing this stock are looking for a "bottom line" (earnings). This company isn't going to show earnings for several years. That's not what they are about. They will be plowing every nickel back into the ground to grow reserves. I think you and I see pretty much the same picture. Its an E&P company. Rod