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Harken Energy Corporation (HEC) Message Board

  • timberwolf10014 timberwolf10014 Jan 13, 2006 4:41 PM Flag

    Moving to Cash

    Nothing specific against HEC, but I see storage and Energy prices out of balance in the U.S., and the weather isn't helping Storage. Yesterday it was in the 60's in NYC, and we had a Thunderstorm the night before that. Today it's warm with fog. I am selling all my Energy stocks; especially the Domestic Natural Gas companies.

    I will buy back when Energy Price catches up to Storage levels .... looks like a bubble in the U.S. Energy Sector right now, baring another catastrophe ... 'BUT' I bought this a couple months before Katrina, so don't count on me for my weather predictions.

    Good Luck and don't get greedy ... big price move on HEC with no Financial/Production news, and you know what they say about a 'gift horse' and a 'Fool'!!!

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    • Moving to Cash
      by: timberwolf10014 (M/New York City) 01/13/06 04:41 pm
      Msg: 195649 of 195650

      Nothing specific against HEC, but I see storage and Energy prices out of balance in the U.S., and the weather isn't helping Storage. Yesterday it was in the 60's in NYC, and we had a Thunderstorm the night before that. Today it's warm with fog. I am selling all my Energy stocks; especially the Domestic Natural Gas companies.

      I will buy back when Energy Price catches up to Storage levels .... looks like a bubble in the U.S. Energy Sector right now, baring another catastrophe ... 'BUT' I bought this a couple months before Katrina, so don't count on me for my weather predictions.

      Good Luck and don't get greedy ... big price move on HEC with no Financial/Production news, and you know what they say about a 'gift horse' and a 'Fool'!!!

      Timberwolf:

      I agree, there has been a lot of asset focused inflation in the energy sector, as commodity prices fueled some huge profits last year. BUT, in my opinion, HEC is a different case entirely selling at 5x earnings compared to the industry average of 15, and no debt and 50M in cash. The run up, I agree has been too fast, but I think 6 months from now is still bullish.