UPDATE: WUNDERLICH SECURITIES REITERATES ON HARVES
Post# of 22757
Posted On: 01/05/2015 4:03:48 PM
UPDATE: WUNDERLICH SECURITIES REITERATES ON HARVEST NATURAL RESOURCES AS STOCK STILL HAS VALUE
5 hours 19 minutes ago - S&P Capital IQ
In a report published Monday, Wunderlich Securities analyst Jason A. Wangler reiterated a Buy rating on Harvest Natural Resources, Inc. (NYSE: HNR), but lowered the price target from $6.00 to $2.00. In the report, Wunderlich Securities noted, "Harvest Natural Resources' (HNR) recent announcement that the sale of its Venezuelan assets was terminated sent the stock down hard. Surprisingly, or maybe not given the deal fatigue, the company provided color as to why Venezuela did not approve the deal. These reasons range from a request to ample financing on the projects (which we think were doable) to what amounts essentially to bribes (which we think were not doable); now Harvest still has a 20.4% interest in Petrodelta while the buyer (Pluspetrol) still holds a 11.6% due to the first tranche sale executed about a year ago. The inability to sell the Venezuelan interests, which are out of Harvest's control, causes us to write the valuable assets off at this time but we still see value in the stock at these depressed levels." Harvest Natural Resources closed on Friday at $1.81. View More Analyst Ratings for HNRView the Latest Analyst Ratings 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. Acquire Media
5 hours 19 minutes ago - S&P Capital IQ
In a report published Monday, Wunderlich Securities analyst Jason A. Wangler reiterated a Buy rating on Harvest Natural Resources, Inc. (NYSE: HNR), but lowered the price target from $6.00 to $2.00. In the report, Wunderlich Securities noted, "Harvest Natural Resources' (HNR) recent announcement that the sale of its Venezuelan assets was terminated sent the stock down hard. Surprisingly, or maybe not given the deal fatigue, the company provided color as to why Venezuela did not approve the deal. These reasons range from a request to ample financing on the projects (which we think were doable) to what amounts essentially to bribes (which we think were not doable); now Harvest still has a 20.4% interest in Petrodelta while the buyer (Pluspetrol) still holds a 11.6% due to the first tranche sale executed about a year ago. The inability to sell the Venezuelan interests, which are out of Harvest's control, causes us to write the valuable assets off at this time but we still see value in the stock at these depressed levels." Harvest Natural Resources closed on Friday at $1.81. View More Analyst Ratings for HNRView the Latest Analyst Ratings 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. Acquire Media
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I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
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