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somebody with a heap of clout is holding this back......why?????
I would like to see them get off the pinks. There are too many brokerages that will not let you buy - Fidelity being one of them.
a buyback LOL
of what?
there's barely any shares to buy back
Great news, it won't do anything for sp. Only a share buyback will move it. This is controlled by MM's and until HNRC does something like that, it's never going up.
i am buying right here. at .36 cents share.
FANTASTIC..........GO HNRC
$HNRC Houston Natural Resources Corp Raises its Revenue Guidance for 2022
https://www.prnewswire.com/news-releases/houston-natural-resources-corp-raises-its-revenue-guidance-for-2022-301615545.html
HOUSTON, Aug. 31, 2022 /PRNewswire/ -- Houston Natural Resources Corp. (OTC: HNRC) ("HNR or the Company") announced today that it expects to report strong results for the remainder of 2022, projecting $20 million in revenue and $10m in EBITDA for the year ending December 31,2022. The third quarter is projected to be $5 million in revenue and $2.5m in EBITDA. The nine months through September 30, 2022, is projected to be $13m in revenue and $7m in EBITDA. The increase is due to an increase in revenues from its portfolio companies.
Furthermore, the company recently announced a letter of intent to acquire Cunningham Energy, which would result in a significant increase in the company's assets for the year ending December 31,2022.
Financial Summary Through June 30, 2022
The company's revenues for the first six months of 2022 have increased by more than 34 % to $8,687,641 from $7,614,534 for the first six months of 2021. The company's earnings for the first six months of 2022 have increased by more than 37% to $5,627,641 from $4,105,594 for the first six months of 2021. The company's net assets have increased to $74,111,221 over the last year. The company's net asset value is $2.43 per share for the period ending June 30, 2022.
Dividend Policy
The company has identified two sources of potential dividends for its shareholders.
The company sponsored a successful $86 million NYSE listing of an energy focused special purpose acquisition corporation during the first quarter of 2022. This will result in a dividend to its shareholders after completion of the business combination and the lock up period has expired.
The company is evaluating sponsoring other energy focused special purpose acquisition corporation and expects a second energy focused special purpose to be completed in the third quarter. The company is evaluating sponsoring other energy focused SPACS, including traditional oil and gas, renewable energy, and waste to energy opportunities. This would also result in an additional dividend to the shareholders.
The company expects to realize at least $3m on each of its SPAC investments to be added to its existing earnings in 2023. This could provide shareholders with more than $0.30c per share in annual dividends.
The Company announced that, effective June 30, 2022, the Board of Directors has approved the transfer of the non-energy investments of $53,307,324 in exchange for 10,661,465 common shares of Worldwide Diversified Holdings, Inc at $5.00 per share. The Company received the requisite stockholder approval granting the Board of Directors the authority to affect the transfer of the assets and approve the dividend to the shareholders.
Worldwide Diversified Holdings, Inc ("WDHI") has audited statements and will provide for a listing later this year. The dividend record date will be announced during the third quarter and will automatically be distributed to the Company's shareholders. The company is anticipating an initial trading price of $5.00 per share to provide for the Company to list on a major exchange and receive additional capital. The transaction will provide for a dividend of $1.75 of WDHI shares for every one share of HNRC held by the shareholder on the record date.
Houston Natural Resources Corp Raises its Revenue Guidance for 2022
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August 31, 2022 - 10:00 am
Issues Dividend Policy Update
HOUSTON, Aug. 31, 2022 -- Houston Natural Resources Corp. (OTC: HNRC) ("HNR or the Company") announced today that it expects to report strong results for the remainder of 2022, projecting $20 million in revenue and $10m in EBITDA for the year ending December 31,2022. The third quarter is projected to be $5 million in revenue and $2.5m in EBITDA. The nine months through September 30, 2022, is projected to be $13m in revenue and $7m in EBITDA. The increase is due to an increase in revenues from its portfolio companies.
Houston Natural Resources Corp Raises its Revenue Guidance for 2022
share:
Share on FacebookTweet on TwitterPost to Reddit
August 31, 2022 - 10:00 am
Issues Dividend Policy Update
HOUSTON, Aug. 31, 2022 -- Houston Natural Resources Corp. (OTC: HNRC) ("HNR or the Company") announced today that it expects to report strong results for the remainder of 2022, projecting $20 million in revenue and $10m in EBITDA for the year ending December 31,2022. The third quarter is projected to be $5 million in revenue and $2.5m in EBITDA. The nine months through September 30, 2022, is projected to be $13m in revenue and $7m in EBITDA. The increase is due to an increase in revenues from its portfolio companies.
look at it more being a flexibility advantage.
Nice day...cautiously optimistic.
Above average volume up 10%
what do I hear.......rap...rap.......right....OPPORTUNITY
opportunity is knocking.........hit the ask..........
Houston Natural Resources Corp’s (OTC:HNRC) – an undervalued oil stock. With EPS at $0.18, well below its sector PE Ratio of 10.7x. Moreover, the fair value might come in at $1.92 per share.” On Par with 52 Week high $1.90. Impressively, the company has 83 Oil Wells in Texas, multiple dividend streams to shareholders, environmentally responsible water reclamation system. Take a look!
The company managed to bring in revenues of $5,125,473 in the second quarter and of $8,687,641 in the first half of the year. The revenues in the first half of the year proved to be 41% higher than the revenues of $7,614,534 in the first six months of 2021. It may be a good idea to add the Houston Natural Resources Corporation to your watch list.
We need: Substantial and concise press release.
looking at an UP......opening.......somethin still rumblin??????????
Houston Natural Resources Corp
@houston_corp
$HNRC $53M non energy asset spin-off into "WDHI" in 2022. The company still anticipates the dividend record date will be announced in Q3. HNRC's shareholders will receive a dividend of $1.75 of WDHI shares anticipated completion in 2022
cap, what might that be?????? any idea?????
Something big has started rumbling here!
Bounced off the 50 day sma at .30 again.
This stock has an uncanny pattern. After the previous 2 rallies there were 4 month corrections. If this follows the same pattern the bottom will be in November.
all sounds great to me.......accunulating what I can below 50 cents........HNRC
The dragons are coming!
did you order the pizzas
yeah the pizzas are coming.
just hold on, they're on their way!
you mean you haven't even ordered the pizzas yet?
The big question is when is the payment after the end of the year? and even, why the long waiting time if not just to punish the long time share holders. A week or two announcement would have been wonderful but more than 4 months waiting from now? stories continue.... Still waiting.
people will sell because they have no interest in waiting until the end of december.
they'll dump and just rebuy later.
as we see.
selling pressure has been intense.
my personal thoughts- the SP will go back into the 20's
you'll probably see big players patiently load in that range
Yet stock still falls lower. Maybe ppl bailing to get back in later this year instead of keeping $$ tied up?
Thoughts on update?
HNRC Shareholders of record prior to the end of 2022 will receive an equity dividend in WDHI based on shares owned in HNRC.
$HNRC 2022 Update Letter To Shareholders
https://www.prnewswire.com/news-releases/hnrc-2022-update-letter-to-shareholders-301608505.html
HOUSTON, Aug. 18, 2022 /PRNewswire/ -- Houston Natural Resources Corp (OTC: HNRC) ("HNRC or the Company") updated shareholders with a summary of its recent business developments, significant year-to-date achievements, as well as provide some insight into the strategic direction for 2022 and beyond.
Dear Shareholders,
Our company is dedicated to increasing stockholder value through the development and expansion of its two majority owned subsidiaries.
Houston Natural Resources, Inc ("HNRI"). HNRI is a 100% owned subsidiary of HNRC and will be expanding the energy interests of the company. The company has begun the process of reworking its existing 83 oil wells discussed herein and acquiring additional producing oil wells. The company will also continue to seek new oil and gas and wastewater treatment acquisitions. Continue expansion of its oil & gas remediation wastewater treatment facility. The opening of additional facilities. Also continuing to focus on its strategy to invest and sponsor Special Purpose Acquisition Corporations ("SPACs") in the energy sector.
Worldwide Diversified Holdings, Inc. ("WDHI") is a majority owned subsidiary of HNRC and will be expanding the technology interest as a diversified holding company. The portfolio holds over $53 million in non-energy assets which it will spin off in 2022 as a publicly traded company. Recently the company has had an increase in revenues from advisory services that it provides to its portfolio companies. HNRC Shareholders of record prior to the end of 2022 will receive an equity dividend in WDHI based on shares owned in HNRC. WDHI expects to acquire and develop additional revenue streams in the technology sector by targeting acquisitions in the $10m to $50m range to increase its portfolio value.
The spin-off changes the focus of HNRC towards its energy reserves. HNRI has acquired 2,800 acres located in the Halff Oil Field in Crockett County, Texas. This oil field is noteworthy for several reasons:
1. Located in the most prolific oil area in the USA.
2. An existing oil field with proved reserves and 83 oil wells to be reworked.
3. Has a prolific oil zone called the San Andres formation that has not been exploited yet.
4. The primary producing reservoir is the Grayburg Sand of Permian age. The Halff Oil Field has produced about 3,900,000 barrels of oil to date from the Grayburg Sand. The original oil in place in the Grayburg Sand is calculated to be 36,900,000 barrels of oil. This Zone has been producing oil for over 50 years, expected to produce for an additional 20+ years and become a major revenue stream in the company's future.
The company intends to continue sponsoring additional SPAC investments. The company sponsored a successful $86 million NYSE listing of an energy focused SPAC during the first quarter of 2022. The company is currently focused on a second energy focused SPAC to be listed in 2022, and currently evaluating six other SPAC opportunities for listing onto major exchanges. This strategy will result in a dividend to its shareholders, after the lock up period has expired, on each of the SPAC investments. This would provide quarterly dividends through 2023 – 2024. The company expects to realize at least $3m on each of its SPAC investments to be added to its existing earnings in 2022 and 2023. This could provide shareholders with more than $0.30c per share in annual dividends.
Furthermore, the company's net earnings Q2 Revenue $5.13M +41% Y/Y, increased 38%, $0.18 earnings per share (EPS), $74M Assets, NAV $2.43/share for the first six months of 2022. The company intends to focus on realizing the value on the total of $9.67 per share in assets held by its subsidiaries for the benefit of the shareholders.
I am very excited about the tremendous opportunity we have in front of us and am confident we have the team in place to capitalize on it. We thank you for your continued support, and we wish you a prosperous balance of 2022.
Frank Kristan
President
HNRC shareholders newsletter out today.Lets see if this will get
us going.
There is nothing to say for me. We are back below the 200 day sma ;(
So I wait for opportunities to add on dips on oversold RSI
I guess everyone is lol. I agree. We have quite a few P.R. to look forward to.
Just sitting back awaiting the PR for the EX DIV DATE, then kaboomage...
I'm not seeing hardly any posts in the last few days. Is there something wrong on my end?
Time to buy before the 40s are history. The next press release will put us into the high 50s and probably 60s.
we gonna do very well here...
Tomorrow we continue to climb.
Back above the 200 day sma. Watching for a new recovery high.
https://stockcharts.com/h-sc/ui?s=HNRC&p=D&yr=1&mn=3&dy=10&id=p76139773845&a=1141859596&listNum=1
Hey i gave it shot....lol i've got a healthy stash...BIG GREEN
I changed mine to 0.487 and got filled.
Forget that .50s up.
I've got some bids in for some possible low hanging fruit to add to my stash..
Already close to yesterdays volume in the first 30 minutes.
Everyday is closer to the Ex Date announcement...
Nice jump out of the gate here...47 last trade
lets close it at 45............HIT THAT ASK........HNRC
I am sure you are right.....when they are paying dollars instead of cents.....they will wish they had gotten in now....glta
HNRC REPORTS RECORD RESULTS FOR PERIOD ENDING MARCH 31, 2022
https://www.prnewswire.com/news-releases/hnrc-reports-record-results-for-period-ending-march-31-2022-301535722.html
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