Harvest Natural Resources Inc (HNR) downgraded to Neutral by Global Hunter Securities
Global Hunter Securities rated Neutral Harvest Natural Resources Inc (NYSE: HNR) on 02/20/2013. Previously Global Hunter Securities rated Buy Harvest Natural Resources Inc (NYSE:
HNR) on 08/10/2012., when the stock price was $9.26. Since then, Harvest Natural Resources Inc has lost 41.14% as of 02/20/2013's recent price of $5.45. If you would have followed the previous Global Hunter Securities's recommendation on HNR, you would have lost 41.14% of your investment in 194 days.
Harvest Natural Resources, Inc. (Harvest) is an independent energy company engaged in the acquisition, exploration, development, production and disposition of oil and natural gas properties. The Company focuses on acquiring exploration, development and producing properties in geological basins with active hydrocarbon systems. The Company has acquired and developed significant interests in the Bolivarian Republic of Venezuela (Venezuela) through its subsidiary Harvest Vinccler, S.C.A. (Harvest Vinccler) through its equity affiliate, Petrodelta, S. A. (Petrodelta), which operates a portfolio of properties in eastern Venezuela including large oil fields, as well as properties. In September 2008, the Company spud an exploratory well on the Starks prospect, the first prospect in the Gulf Coast AMI, in Calcasieu Parish, Louisiana. The Harvest Hunter #1 well was drilled to a depth of 12,290 feet and three prospective reservoir horizons were tested.
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