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Harken Energy Corporation (HEC) Message Board

  • LinKN99 LinKN99 Aug 25, 1999 10:18 PM Flag


    What happened funnyman, I see you removed your
    e-mail link on yoour profile. Did the guys on the board
    start bombarding you with the same crap you are leaving
    here. What the matter no guts. Just coke for brains?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • courses to teach oil workers in Colombia how to defend against kidnapping.

    • I was not aware of that site. Fascinating interview, well worth the few minutes. More than Harken, of course. A number of companies likely to be of interest to folks who check in here.

    • the net has a site that allows you to listen to
      interviews. No cost and subscription is very quick.

      current interview of interest to HEC longs is with
      Charles Strain at the Oil & Gas conference.

      first part of the interview is about another Company
      that has a large Natural Gas play and Strain offers
      his view on Gas.

    • The filing is to identify Beacon Group as owning
      5.46% of outstanding common, 8,430,010 out of 154M. The
      disclosure does not mention any investments before the
      acquisition, and only mentions warrants once without a comment
      on number. Given the press release reference to 7.5M
      shares and 2.3M warrants it would appear that Beacon
      must have owned 930,000 shares before the

      The disclosure does clarify the nature of the deal.
      It appears that Harken established a subsidiary for
      the purpose of merging with Xplor, a fairly common
      maneuver, the explanation for which I will leave to a tax
      accountant: "The shares and warrants constituting the shares
      beneficially owned by XP of Harken, were issued to XP as a
      result of a merger between a wholly owned subsidiary of
      Harken and XPLOR Energy"

    • Some posters have used PDS to refer to Parker Drilling Services.

    • Sorry, can't give you the answer to your question because I don't know. Also, the Company is PDS.

    • were private companies?

    • Anything HEC buys is better than money wasted in Colombia where communist rebels will end up with the assets.

    • Hit the wrong key. Anyway, how long will HEC have
      to own this company before HEC can start pocketing
      some profit, 2 years, 5, 20 or no chance what so ever.
      I own PDS and they occassionally buy a company but
      they always come out and say why they are buying it,
      what it is worth, what they are paying for it (they
      never pay large premiums for companies) and all other
      information so the sharholder can saw "now that makes sense".

    • Like you I have been away. When small companies,
      that I own stock in, start buying other small
      companies I get nervous. Does anyone know the per share
      value of Xplorer and what did HEC pay for it. Like you
      said, sometime they are wildcatters that find paydirt
      but sometimes they are owned by relatives or "good
      old boys" and they walk away with a very good
      premium, i.e. stock is selling for 1 1/2, valued at 1 but
      they get bought out for 12 1/2. I lost a lost quite a
      bit of money on BNO (but made quite a bit over the
      years) because they decided they would leave their nich,
      i.e. taking over old fields from the majors and thru
      new technology bringing them back to profitability
      and then they collected 5 to 9 dollars a barrel. BNO
      decided to sell that profitable operation (stock around
      20) and start exploring all over the world. One
      disaster after another and now their stock is at about 2
      and I personally think their liabilities are greater
      than their assets. Maybe this will turn out to be the
      right move but I think they should have let the
      shareholders know why they were buying it, how much premium
      they were paying for it, i.e. will it have to be
      profitable for 40 years just for HEC

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