Harvest Natural Resources, Inc. (NYSE:HNR)
CAPS Rating:
An independent energy company engaged in the acquisition, exploration, development, production and disposition of oil and natural gas properties.
An independent energy company engaged in the acquisition, exploration, development, production and disposition of oil and natural gas properties.
Recs
Yeah, its balance sheet looks good, but there's significant political risk here, significant downside in oil prices if we face an extended recession, and the company's been burning cash the last three fiscal years.
-71 is the top bear pitch. These guys are not going out of business. They drill on 4 continents.