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

To: Razorbak who wrote (4402)	5/31/1999 12:10:00 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 5504

Razor, except that Altman does not put value on the "speculative" worth of the concession they have, only on the current proven reserves. Furthermore the data in your Altman model took oil at I believe $12/share, the current discounted value of the proven reserves (and net asset values) could be a good 50% more. I have not run the calculations with that in mind, but I thought some may want to hear another view. Gee, I do not even own any HEC at this time, but rereading this, it sounds to me as if should consider re-wetting my toe (VBG). Zeev