Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: liberallarry
Why didn't you finish the paragraph ?

"By the end of that year, Harken's stock had indeed tanked, selling as low as $1 a share. But in the interim, Saddam Hussein had invaded Kuwait, Bush's father was mobilizing for the Persian Gulf War, and the only ace in the hole for Harken was an exclusive contract to explore for oil off the coast of Bahrain--in the heart of the war zone."

22 posted on 07/14/2002 6:46:49 AM PDT by Lecie
[ Post Reply | Private Reply | To 12 | View Replies ]


To: Lecie
See post #19. Maybe he can help you.
23 posted on 07/14/2002 7:02:03 AM PDT by liberallarry
[ Post Reply | Private Reply | To 22 | View Replies ]

To: Lecie
You want to argue that the stock dropped to $1 because of events subsequent to Bush's sale. But the stock dropped to 2 and something with the release of info about the extent of losses - and then immediately rebounded for mysterious reasons. What reasons? Was there some reason, at the time, to believe the investment in Bahrein would be a good one?
26 posted on 07/14/2002 7:26:37 AM PDT by liberallarry
[ Post Reply | Private Reply | To 22 | View Replies ]

To: Lecie
From the 3/16/92 article cited in post #24;

Today, Harken is letting it all ride on one all-or-nothing bet. Two years ago, it won the rights to look for oil and gas off the coast of Bahrain, a coup that shocked the industry. The first of those wells came up dry last month, giving analysts new reason to wonder if Harken itself isn't a dry hole.

So in 1990 and 1991 investors would've had good reason to hope for a better outcome.

42 posted on 07/14/2002 1:22:16 PM PDT by liberallarry
[ Post Reply | Private Reply | To 22 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson