HNR has literally been trying to sell the VZ assets for 4 years and every attempt has failed. If HNR actually still owned the assets one of these attempts would have close. The HNR mgmt. team is so crooked that they have put out fake press releases in the past announcing fake deals to sell the VZ assets, only to do dilutive equity raises in the days following. Check out the SEC filings from Sept 2013. I promise you this is an old story that always ends in tears for the new hot/greedy money that gets involved.
You are deluding yourself, friend. If Maduro wants to raise money, he'll just sell the HNR stake to someone else and keep the money for VZ without giving HNR anything.
Writing a check to HNR does not help his country's finances. This nationalization happened years ago. I've seen this HNR story recycled many times....there is literally nothing new here. At some point in the next week, this stock is going to open the day -10% and then all the momentum and quant trading will disappear and it will quickly drop down to where it was a few days ago ($0.50 - $0.75 range).
Seeking alpha published a very good explanation of this hoax in the fall of 2013. You should go back and read it.
I love it, same story....new suckers. The assets in VZ were nationalized years ago. I was short this stock hen it was trading over $5 per share because all the geniuses on this message board were certain HNR could sell their stake. The assets were entirely nationalized under Chavez, which is why four different attempts to sell them have failed. The country of Venezuela is bankrupt (and communist) there is zero chance they are going to write a check in USD to 5 dreamers/goofballs/crooks sitting in Class B office space in Houston (i.e. HNR mgmt.)
Feel free to trade this thing intraday but there is 100% certainty the stock is worth $0 per share in the long-run. This is an old story that is just getting recycled again with new suckers with fast money.