$HNR – UPDATE 2-Venezuela says OPEC may hold extraordinary meeting | Reuters

I don’t understand how to speak “press release” but this is bad for $HNR right? The fact that this guy is saying “Who are these clowns saying we bought their assets?”

Or am I too dumb to interpret this kind of “shithead speak”.

 

He also said the government had not received any word from Harvest Natural Resources Inc, which announced last week that it had agreed to sell its operations in Venezuela for $725 million to Pertamina, Indonesia’s national oil company.

“I have not received any communication with the formal request for a sale. They must send it. We are ready to work with everyone,” the minister said.

via UPDATE 2-Venezuela says OPEC may hold extraordinary meeting | Reuters.

3 thoughts on “$HNR – UPDATE 2-Venezuela says OPEC may hold extraordinary meeting | Reuters”

  1. This is a problem that they mentioned in the original deal PR — Venezuela, which has a poor record of respecting private property, would need to approve the deal. If this were a done deal the company should trade at about $13/share, which is how much cash (after income tax) they would make from the sale.

  2. But I guess my interpretation was, theres a big difference between.

    “Venezuela may rip us off.” And the official saying, “Huh, never seen nothing on this deal.”

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