Saturday, June 23, 2012

HNR worth $19 per share?

http://www.businessweek.com/news/2012-06-21/harvest-natural-to-sell-venezuela-stake-to-pertamina

I am not sure about the quote "This deal is going to close 100 percent", but the rest of the article is correct in my view.  With the stock currently around $9 per share, the market has some doubts whether the deal will close.  I sold half yesterday and I am waiting for a better share price to sell the rest.

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