Large Outflow of Money Witnessed in Harvest Natural Resources Inc

Harvest Natural Resources Inc (HNR) : The total negative money flow of $0.84 million on Wednesday indicates selling on strength. The inflow of money on upticks was $0.02 million, compared to $0.86 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.03. The negative money flow of $0.83 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $0.83 million. The price action in the Harvest Natural Resources Inc (HNR) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $0.81 with a gain of $0.05 , a change of 7.08% over the previous days close. The stock registered 5.46% for the week.


Shares of Harvest Natural Resources Inc. rose by 6.08% in the last five trading days and 40.83% for the last 4 weeks. Harvest Natural Resources Inc. is up 70.17% in the last 3-month period. Year-to-Date the stock performance stands at 89.95%.

Harvest Natural Resources Inc (NYSE:HNR): The stock opened at $0.799 and touched an intraday high of $0.8494 on Wednesday. During the day, the stock corrected to an intraday low of $0.745, however, the bulls stepped in and pushed the price higher to close in the green at $0.8168 with a gain of 8.14% for the day. The total traded volume for the day was 2,071,012. The stock had closed at $0.7553 in the previous trading session.

Harvest Natural Resources, Inc. (Harvest) is a petroleum exploration and production company. The Company is focused on acquiring exploration, development and producing properties in geological basins with proven active hydrocarbon systems. The Company has interest in the Bolivarian Republic of Venezuela (Venezuela). In addition to its interests in Venezuela, it holds exploration acreage mainly offshore of Republic of Gabon (Gabon). The Companys Venezuelan interests are owned through its 51% ownership interest in Harvest-Vinccler Dutch Holding B.V. (Harvest Holding). Harvest Holding owns 100% of HNR Finance B.V. (HNR Finance) and HNR Finance own a 40% interest in Petrodelta, S.A. (Petrodelta). As of December 31, 2014, the Company had operations in Venezuela and Gabon. The Dussafu PSC contract area is located offshore Gabon, adjacent to the border with the Republic of Congo. It contains approximately 680,000 acres with water depths of approximately 1,650 feet.

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