My most recent stock buy was Harken Energy (HEC). Fourteen percent of my portfolio is invested in HEC. While a lot of other oil and natural gas stocks are near all time highs, HEC has been lagging, despite the big turn around during the last two years. HEC could easily double from it's current price.
As I write this, HEC is trading at a bid of 0.62 and ask of 0.63.
Hi Half Sigma
This sounds like "pump and dump." :)
You seem to be back to full time blogging now. There are many more posts.
Posted by: Michael H. | November 22, 2005 at 01:09 PM
HEC is down two cents since the original post, making it a huge buying opportuity.
Posted by: Half Sigma | November 22, 2005 at 02:40 PM
And yes, I've had a lot to say about Frank McCourt, but only Samuel Alito is reading the posts, and I don't even think he's the real Samuel Alito.
Posted by: Half Sigma | November 22, 2005 at 02:41 PM
What exactly do you base your recommendation on? Isn't it more likely that the reason this stock is cheap is because the market does not share your confidence in its performance? This stock has lost 50% of its value since Jan 04.
Posted by: nobody | November 22, 2005 at 09:05 PM
Lots of people are reading.
I'm the only one commenting.
Posted by: Samuel Alito | November 23, 2005 at 12:24 PM
In response to "nobody" -- Harken is not as well-run as major oil companies, and relies much more on exploration (they received a permit on a speculative plot in Colombia just today).
They therefore are not going to perform as well as, say Exxon-Mobil over the middle term (see this chart: http://finance.yahoo.com/q/bc?s=XOM&t=2y&l=on&z=m&q=l&c=HEC) but should have more dramatic gains as the price of oil and gas shoot up in the winter. You are speculating on volatility with this stock, and I'd put 14% as overinvested, but it is certainly not a dog.
RHSAA,jr
Posted by: Samuel Alito | November 23, 2005 at 12:30 PM