Saturday, November 29, 2025

HNR Harvests Venezuela for $725 Million

Harvest Natural Resources (ticker: HNR) is an oil and gas exploration company headquartered in Houston, Texas with exploration projects in Indonesia, Gabon, Oman and producing assets in Venezuela. On June 21, 2012 the company announced it had sold its 32% interest in its Venezuelan affiliate, Petrodelta, to the Indonesian state-owned oil company, PT Pertamina for $725 million in an all-cash

Lead, Follow or Get Out of the Way

Set aside that we’re in the season of rhetoric, half-truths and innuendos, and that the oil and gas industry is being kicked around like a football and POTUS prefers basketball (what did U.K. Prime Minister David Cameron really think about President Obama taking him to a play-in college game in Dayton in March?  I would expect the Prime Minister would