InvestorsHub Logo
Followers 0
Posts 5
Boards Moderated 0
Alias Born 06/27/2013

Re: 654321 post# 27

Thursday, 06/27/2013 5:44:36 PM

Thursday, June 27, 2013 5:44:36 PM

Post# of 144
I follow the E&P Independent small stocks and this company is ridiculously cheap and probably another Oil & Gas company is ready for a hostil takeover very, very soon. Venezuelan assets are so undervalue that any corporation that want to enter into Venezuela is probably considering acquiring HNR. The problem of HNR is that it is running out of cash because PDVSA is not paying them the oil sales. HNR owns 32% of Petrodelta (Venezuelan Oil company) and the other 68% is owned by PDVSA. Petrodelta oil proved reserves worth more than 1.500 million, but oil sales are managed by PDVSA and currently it is not paying to HNR the 32% share. But for any other Oil&Gas company with enough cash it is a perfect deal to enter into a rich oil country, and more important to be a partner of the rich oil government. Never ever I saw an opportunity so clear like this one!!!!! The end of the story is near!!!