Friday, February 22, 2008

Harvest Natural Resources

I went long Harvest Natural Resources today. Harvest Natural Resources, an independent energy company, engages in the acquisition, exploration, development, production, and disposition of oil and natural gas properties in Venezuela. It operates the South Monagas Unit comprising the Uracoa, Tucupita, and Bombal fields. The company was founded in 1988 and is based in Houston, Texas.

Despite weakness in the overall market US stock market today, Harvest was up over 4% which I'll take as a good sign. This is a short term (2 month) play.

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