- American City Business Journals•14 days ago
Harvest Natural Resources Inc. (HNR) is moving closer to dissolving after closing an asset sale and declaring a cash dividend this week. The upstream energy company announced on April 13 that the $5.75-per-share dividend will be paid to all holders of record as of April 24. Soon after the dividend is paid, the company’s common stock will cease trading on the New York Stock Exchange.
- PR Newswire•14 days ago
HOUSTON, April 13, 2017 /PRNewswire/ -- In accordance with previously announced plans to consider the declaration of a pre-dissolution dividend as part of its overall plan of complete dissolution and liquidation, Harvest Natural Resources, Inc. (Harvest or the Company) (HNR) today announced that its board of directors declared a cash dividend of $5.75 per share of its common stock to all holders of record as of April 24, 2017. The company expects that the dividend, which will be characterized as a liquidating distribution, will be paid approximately 10 days after the record date. Harvest's common stock will cease to trade on the New York Stock Exchange soon after the dividend is paid. At that time, Harvest intends to dissolve by filing its certificate of dissolution with the Delaware Secretary of State. The dissolution was approved by Harvest's stockholders on February 23, 2017. After dissolution, Harvest will exist solely for the purpose of winding up its affairs, as required by Delaware law.
- PR Newswire•18 days ago
Harvest Natural Resources Announces Closing of Sale of Gabon Interests and Payoff of the Delta Petroleum Note
HOUSTON, April 10, 2017 /PRNewswire/ -- HNR Energia B.V., a wholly-owned subsidiary of Harvest Natural Resources, Inc. (Harvest or the Company) (HNR) closed the sale of all of its Gabon interests in accordance with a previously announced Sale and Purchase Agreement dated December 21, 2016 among Harvest, HNR Energia B.V. and BW Energy Gabon Pte. Ltd, a private Singapore company. Under the terms of the Sale and Purchase Agreement, BW Energy Gabon acquired HNR Energia's 100% interest in Harvest Dussafu B.V., which owns a 66.667% interest in the Dussafu production sharing contract covering a 210,000 acre area located offshore Gabon, for $32 million in cash, subject to certain adjustments, including reimbursement for approximately $2.3 million of expenditures in respect of the interests since September 30, 2016. $2.5 million of the $32 million purchase price was retained in an escrow account at Citibank to satisfy any post-closing claims the purchaser may have against Harvest and HNR Energia under the Sale and Purchase Agreement. The $2.5 million (less the amount of any claims) will be released to HNR Energia from the escrow account July 10, 2017.
HNR : Summary for Harvest Natural Resources Inc - Yahoo Finance
Harvest Natural Resources Inc. (HNR)
NYSE - NYSE Delayed Price. Currency in USD
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|Day's Range||6.81 - 7.02|
|52 Week Range||1.68 - 7.35|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||1.30|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|