I just happened to check my portafolio with Datek
online and i find the following movement in
Harhen.Volume 388,600 last 6 5/8 up 1 1/8.If some body knows
what happen please tell us.By the way sev up 7 3/16 to
Just dropped in on this board to see who's
I read Ted Warren's book in May '96 and began
trading in July '96.
Bought HEC @ 2 7/8 on
Sold @ 7 on 12/30/97
Got a handsome 143% (less
This Present action doesn't look too stable to
Too many other bargains out there.
I'd say it's in a downtrend.
Glad to here from
Take a look at ULB, DDL, TPS, HWY,
Any thoughts would be appriciated.
I find it hard to accept you did not know how to
create the link. You did it by typing in the adress of
the website in your reply. I was able to click on it
and go exactly where you wanted us to go. THANKS a
MILLION. for doing that. Good luck in your investing and
thanks also for the comments on the aquisition.
I am not a computing giant. I am
mostly an operations and finance person. I don't even
know how to create a URL. Anyway, here is the internet
address of the services I was using:
I normally access the same service through the
Analyst Center at Charles Schwab. After you are inside
bigcharts.com then you can experiment and play with the
different ways you would like the see the information of
the companies you want to analyse. All of the
functions are self explanatory and when you have questions,
you just have to "click" help.
1. The most recent acquisition is an asset
acquisition and not a company acquisition. It is a cash and
stock play against an undervalued asset and the delta
is simply improved cash flow plus a future upside on
the price of oil.
2. The $18 dollar breakeven
mentioned in the other posts is simply way out of line and
is wrong. In the first place, it is useless to
speculate on this issue now because the company is still on
an exploratory and development stage. Any number at
this time is not meaningful. The more important
measurement is the reserve yield and the reserve potential
per dollar invested in actual drilling per year for
several years. Considering the high success rate of HEC,
I would imagine that this is a very good number.
what are you talking about Sahuraii ? Oil prices
are lowest they have been in history...thats right
even lower than during depression on historical basis.
Ever hear of El Nino, Far East collapse, and World
Peace? I will bet you that these three factors will not
be with us for next three years. This is slow time
of year for oil... so to say we are at a peak is
like saying summer is good time to sell snow plowes.
Like i said oil will start recovery in about 6 months.
Peak seasons for oil are Winter (heating) and Summer
(increased travel)...so re-check your facts. To think oil
will stay low for two to three years borders on
I did a search on Harken in Sep 96 using Compass
by Quarterdeck. The article you linked floated to
the surface along with a lot of other stuff that
floats. The web has an extraordinary number of poor
demented sickos because of the anonymity.
entertaining article in that bin went on for over 100 pages.
Talk about obsessed! I guess I must have some kind of
problem myself because I read or skimmed most of them.
Actually, it was hilarious, sort of like the super dumb
movie Black Hole.
Did you know that our space
program since the 1st Moon landing has been a fraud? At
that time we made contact with a Saurian race that had
been living on the dark side of the Moon for a long
time. Ever since then our government on Earth has been
more or less of a shadow operation for the Saurians.
Of course, George Bush was a key player in all of
that. I do not recall how. My memory works much better
with logical structures I can recreate, and this did
not fit the model.
Do not underestimate the
mindless drivel you are likely to read from the Bush
haters. I did not spend much time trying to determine why
they hate him so much - id as a conservative oriented
Republican or whatever. It may be that there are a great
many others who attract the same or greater attention.
It is just that the attention given Bush caught me
by surprise because, in my view, he was never a
strong force for much of anything. You know, troubled by
the "vision thing". The caretaker president who
didn't take care of the rather nice business he
inherited from the guy who did have the vision and the
trust in his people to get it moving.
If we all agree that HEC's stock price is largely
undervalued because of future Columbian prospects - then on
the surface it makes no sense to dilute this
potential to existing shareholders by making deals with
under-valued stock. Its call good business 101 - I think they
teach it in grade school! Unless they factored the
current price undervaluation into the purchase price -
the existing s/h's got screwed again. Mgmt seems to
want to build their selves an empire at existing s/h's
expense. Re: poison pill - who does that help (mgmt that's
who) . I'm 5,000 shares into this stock at an avg of 5
1/2 and i'm really starting to wonder. Hope i'm wrong
- but this acquisition sounds really bad for
existing s/h - good for mgmt/ job security.