Harvest Natural Resources, Inc. (NYSE:HNR)

CAPS Rating: 3 out of 5

An independent energy company engaged in the acquisition, exploration, development, production and disposition of oil and natural gas properties.

Recs

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Player Avatar TMFDeej (99.26) Submitted: 8/9/2012 4:49:39 PM : Outperform Start Price: $8.95 HNR Score: +5.92

I don't usually engage in merger arb situations here in CAPS or in real life, but HNR is selling a huge chunk of assets and if the deal goes through (which is by no means a certainty) the stock will likely pop to $12 to $13 per share. If not, ouch. The spread here is massive enough to play in CAPS, but I don't think that I'll be adding any real money to it.Deej

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