29 Aug 2012securities registration● Neutral
HARVEST NATURAL RESOURCES, INC. filed notice of an exempt private placement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
22 Aug 2012capital raising announcement● Neutral
A further $1.9 million of notes went for 339,047 shares two days later, taking the remaining balance to about $9.0 million.
20 Aug 2012capital raising announcement● Neutral
Another $4.65 million of the convertible notes was exchanged for 829,951 shares at $5.60, leaving about $10.9 million outstanding.
9 Aug 2012quarterly activities report● Neutral
HARVEST NATURAL RESOURCES, INC. reported a quarterly net income of $6.2 million for the period ended 2012-06-30.
21 June 2012material agreement▲ GoodMajor
The big one: Harvest agreed to sell its whole 80% of the Dutch holding company that owns 40% of Petrodelta to Indonesia's state oil company Pertamina for $725 million in cash - all of its Venezuelan interests, for roughly three times its own market value at the time.
10 May 2012quarterly activities report▼ Bad
HARVEST NATURAL RESOURCES, INC. reported a quarterly net loss of $1.0 million for the period ended 2012-03-31.
30 Mar 2012material agreement● NeutralMajor
Harvest set up a $75 million facility with Knight Capital to sell shares straight into the market whenever it chose - a standing dilution tap, opened while the company was already exchanging notes for stock.
30 Mar 2012securities registration● Neutral
HARVEST NATURAL RESOURCES, INC. filed a prospectus supplement for an offering off its existing shelf.
23 Mar 2012securities registration● Neutral
HARVEST NATURAL RESOURCES, INC. filed notice of an exempt private placement.
9 Mar 2012capital raising announcement● NeutralMajor
Harvest persuaded holders of $16.0 million of its 8.25% convertible notes to swap them for 2,875,357 shares at an effective $5.56, plus 161,603 more shares in place of a $1.3 million cash interest payment. Debt was being turned into equity at a discount to the notes' conversion price - cheaper than repaying it, but dilutive.
8 Mar 2012production update● Neutral
An operational update covering Petrodelta, the international exploration portfolio and reserves, issued the day before Harvest began converting its 2010 notes into shares.
13 Feb 2012substantial holder notice● Neutral
BlackRock, Inc reported a HARVEST NATURAL RESOURCES, INC. shareholding of 1,995,504 shares (5.81% of votes) in a periodic institutional filing.
13 Feb 2012substantial holder notice● Neutral
JET CAPITAL INVESTORS, L.P, Jet Capital Management, L.L.C, Alan S. Cooper, Matthew Mark reported a HARVEST NATURAL RESOURCES, INC. shareholding of 1,877,100 shares (5.47% of votes) in a periodic institutional filing.
10 Feb 2012substantial holder notice● Neutral
Capital World Investors ** reported a HARVEST NATURAL RESOURCES, INC. shareholding of 3,820,670 shares (11.00% of votes) in a periodic institutional filing.
8 Feb 2012substantial holder notice● Neutral
THE VANGUARD GROUP, INC. disclosed a new substantial HARVEST NATURAL RESOURCES, INC. shareholding (5.03% of votes).
7 Feb 2012substantial holder notice● Neutral
Cumberland Associates LLC reported a HARVEST NATURAL RESOURCES, INC. shareholding of 1,086,974 shares (3.20% of votes) in a periodic institutional filing.
6 Feb 2012substantial holder notice● Neutral
Amici Associates L.P, Amici Qualified Associates, L.P, The Collectors' Fund L.P, Amici Global Partners, L.P, Amici Fund International, Ltd, CF Advisors, LLC, Porter Orlin LLC, A. Alex Porter, Paul E. Orlin, Third Party Fund A, Third Party Fund B reported a HARVEST NATURAL RESOURCES, INC. shareholding of 3,284,446 shares (9.57% of votes) in a periodic institutional filing.
6 Jan 2012substantial holder notice● Neutral
SOROS FUND MANAGEMENT LLC, GEORGE SOROS, ROBERT SOROS, JONATHAN SOROS reported no remaining HARVEST NATURAL RESOURCES, INC. shareholding in its periodic institutional filing.
9 Nov 2011quarterly activities report● Neutral
HARVEST NATURAL RESOURCES, INC. reported a quarterly net income of $10.6 million for the period ended 2011-09-30.
6 Oct 2011substantial holder notice● Neutral
JET CAPITAL INVESTORS, L.P, Jet Capital Management, L.L.C, Alan S. Cooper, Matthew Mark disclosed a new substantial HARVEST NATURAL RESOURCES, INC. shareholding (5.20% of votes).
10 Aug 2011substantial holder notice● Neutral
Capital World Investors ** reported a HARVEST NATURAL RESOURCES, INC. shareholding of 3,488,064 shares (10.30% of votes) in a periodic institutional filing.
9 Aug 2011quarterly activities report● Neutral
HARVEST NATURAL RESOURCES, INC. reported a quarterly net income of $92.8 million for the period ended 2011-06-30.
23 May 2011asset acquisition disposition▲ GoodMajor
The Utah sale closed at $217.8 million after adjustments, and Harvest immediately spent about $62.1 million of it repaying debt - clearing the expensive MSD term loan taken on seven months earlier. For a brief period the company was cash-rich and almost unlevered.
10 May 2011quarterly activities report▼ Bad
HARVEST NATURAL RESOURCES, INC. reported a quarterly net loss of $3.2 million for the period ended 2011-03-31.
11 Apr 2011production update● Neutral
A first-quarter operational update and an investor-conference presentation, issued while the Utah sale to Newfield was still working towards completion.
25 Mar 2011material agreement▲ GoodMajor
Harvest agreed to sell its 47,600 net acres in the Uinta Basin of Utah to Newfield for $215 million in cash - by far the largest single realisation in its history, and from a US position most investors barely knew it had.
14 Feb 2011substantial holder notice● Neutral
Capital World Investors ** disclosed a new substantial HARVEST NATURAL RESOURCES, INC. shareholding (6.30% of votes).
9 Feb 2011substantial holder notice● Neutral
Cumberland Associates LLC reported a HARVEST NATURAL RESOURCES, INC. shareholding of 1,722,096 shares (5.10% of votes) in a periodic institutional filing.
4 Feb 2011substantial holder notice● Neutral
BlackRock, Inc reported a HARVEST NATURAL RESOURCES, INC. shareholding of 2,083,961 shares (6.16% of votes) in a periodic institutional filing.
3 Feb 2011substantial holder notice● Neutral
SOROS FUND MANAGEMENT LLC, GEORGE SOROS, ROBERT SOROS, JONATHAN SOROS disclosed a new substantial HARVEST NATURAL RESOURCES, INC. shareholding (5.94% of votes).