• 5 minutes Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 11 minutes Saudi Fund Wants to Take Tesla Private?
  • 17 minutes Starvation, horror in Venezuela
  • 3 hours WTI @ 67.50, charts show $62.50 next
  • 1 hour Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 2 hours Mike Shellman's musings on "Cartoon of the Week"
  • 7 hours Venezuela set to raise gasoline prices to international levels.
  • 12 hours WTI @ 69.33 headed for $70s - $80s end of August
  • 1 hour Batteries Could Be a Small Dotcom-Style Bubble
  • 7 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 14 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 19 mins Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 13 hours Corporations Are Buying More Renewables Than Ever
  • 2 hours Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 18 hours Again Google: Brazil May Probe Google Over Its Cell Phone System
  • 3 hours France Will Close All Coal Fired Power Stations By 2021
Alt Text

$90 Oil Is A Very Real Possibility

Saudi Arabia appears intent on…

Alt Text

Deciphering The New Caspian Agreement

The Caspian deal is a…

Mad Hedge Fund Trader

Mad Hedge Fund Trader

John Thomas, The Mad Hedge Fund Trader is one of today's most successful Hedge Fund Managers and a 40 year veteran of the financial markets.…

More Info

Trending Discussions

Are the Rumors About Harvest Natural Resources True?

I have staff around the world constantly monitoring Internet chat rooms in a search of early movers. If they find something interesting, I make a few calls to see how real it is. After all, the Internet is 99% garbage, and 1% inspiration. That’s how I found Houston based independent exploration company Harvest Natural Resources (HNR)

HNR has a nice little business developing fields in Venezuela, Gabon, Oman, Indonesia, and China, for which it receives payments from local governments. It recently bought into the Antelope Field in the Duchesne Basin in Northwest Utah, which almost immediately hit a gusher. This one well is thought to be worth more than the rest of the company’s entire operations, implying there is a latent double in the stock. Although the grizzled veterans with oil stains permanently under their fingernails I talk to have known about this field’s potential for years, it is little known outside the industry or in the stock market.

Sure, I know you’ve heard this one before. But the company stands up on its own, even if the Utah angle turns out to be a fairy tale. The company has no debt, and fits in nicely with my own long-term view that oil assets of every description, from the majors to the indies, pipeline companies, and service companies, will do well over the long term. The only way I could be wrong is if Ben Bernanke figures out how to create a new barrel of oil with a printing press.

This one might be worth a punt. At the current share price you can buy the company for its existing business and get the Antelope field for free.

Antelope Oil Field

Harvest Natural Resources

By. Mad Hedge Fund Trader




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News