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HOUSTON NAT RES CORP - HNRC STOCK NEWS

Welcome to our dedicated page for HOUSTON NAT RES news (Ticker: HNRC), a resource for investors and traders seeking the latest updates and insights on HOUSTON NAT RES stock.

Houston Natural Resources Corp (OTC: HNRC) is a versatile energy enterprise with stakes in oil, gas, and mining opportunities. The company holds full ownership in Cunningham Energy LLC and minority investments in Rhino Energy Ltd, CE Energy Sponsors, LLC, and HNR Acquisition Corp. Committed to growth and innovation, HNRC aims to deliver enhanced value to its shareholders.

News

Houston Natural Resources Reports Q2 2023 Financials Period Ending June 30, 2023

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Houston Natural Resources Corp. (OTC: HNRC) reported significant growth in revenues, earnings, and EPS for the second quarter ending June 30, 2023. Total revenue for six months increased by 8% to $9,366,365, total earnings increased by 14% to $6,290,602, and earnings per share (EPS) increased by 25% to $0.05. The company also recorded a net asset value (NAV) of $0.25 per share in Q2 2023. Additionally, the company completed the acquisition of 100% of Cunningham Energy and announced plans for a name and symbol change to Cunningham Natural Resources Corp. They also disclosed plans to acquire an interest in an operating copper mine and completed a corporate action to Spin-Off the Worldwide Diversified Holdings, Inc. (WDHI) assets, subject to SEC approval for trading of WDHI shares.
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CNRC TO ACQUIRE INTEREST IN COPPER MINING COMPANY

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Houston Natural Resources Corp (HNRC) Acquires 10% Interest in Kharrouba Copper Company, Inc (KCC) - PR Summary
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HNRC FILES NAME CHANGE TO CUNNINGHAM NATURAL RESOURCES CORP

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HNRC ACQUIRES 100% INTEREST IN CUNNINGHAM ENERGY LLC Increasing HNRC's Net Asset Value $3.35 Per Share

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HNRC ACQUIRES 100% INTEREST IN CUNNINGHAM ENERGY LLC

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Houston Natural Resources Corp (HNRC) has completed the acquisition of a 100% interest in Cunningham Energy, LLC, increasing HNRC's net asset value (NAV) by $3.35 per share. The company intends to change its name to Cunningham Natural Resources Corp (CNRC) and focus on traditional oil and gas opportunities, as well as mining opportunities in copper, lithium, gold, and other metals. Cunningham Energy plans to list on the NASDAQ or NYSE in 2023 with an underwriting commitment of $10 million. The acquisition increases the company's appraised asset value by $3.35 per share.
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HNRC FILES REGISTRATION STATEMENT FOR WDHI LISTING

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Houston Natural Resources Corp. (OTC: HNRC) has filed a registration statement for Worldwide Diversified Holdings, Inc to register the shares involved in the spin-off. WDHI anticipates a NASDAQ listing with a target price of $3.50 per share. The company also expects to complete the acquisition of 100% interest in Cunningham Energy, with appraised reserves of $352 million, in July 2023. They are preparing to file an SEC registration for HNRC uplisting to NASDAQ after the acquisition is completed. The company has signed a $10 million-dollar underwriting commitment for acquisitions and a listing to a major exchange.
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HNRC ACQUIRES INTEREST IN CE ENERGY SPONSORS LLC

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Houston Natural Resources Corp. (OTC: HNRC) has provided an update on its strategy to invest and sponsor Special Purpose Acquisition Corporations (SPACs). The company has acquired an interest in CE Energy Sponsors LLC, the sponsor of CE Energy Acquisition Corp (CEAC), which has filed a registration statement for a $100 million SPAC. HNRC has also announced its investment in HNR Acquisition Corp (HNRA) and its intent to acquire Pogo Resources LLC for $120 million. The company expects to realize at least $3 million on each of its SPAC investments in 2023 and 2024.
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HNRC CONFIRMS DISTRIBUTION OF WORLDWIDE DIVERSIFIED HOLDINGS

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Houston Natural Resources Reports Q1 2023 Financials Period Ending March 31, 2023

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HNRC DIVIDEND REVIEW COMPLETED

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Houston Natural Resources Corp. (OTC: HNRC) announced the completion of a FINRA review for a spin-off dividend, set to reward shareholders. Shareholders of record on April 28, 2023, will receive one share of Worldwide Diversified Holdings, Inc. (WDHI) for every two shares of HNRC. This equates to a dividend of $1.75 per HNRC share, with the anticipated initial trading price of WDHI shares at $3.50. The payment date for the dividend is set for May 26, 2023. The spin-off aims to separate the company's non-energy assets, with a total value of $53,307,324 transferred to WDHI. The new CUSIP for WDHI shares has been issued, and the transfer agent will facilitate the process. This transaction is characterized as non-taxable and will not affect HNRC's existing business operations.

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FAQ

What is the current stock price of HOUSTON NAT RES (HNRC)?

The current stock price of HOUSTON NAT RES (HNRC) is $0.01005 as of October 15, 2024.

What is the market cap of HOUSTON NAT RES (HNRC)?

The market cap of HOUSTON NAT RES (HNRC) is approximately 6.0M.

What does Houston Natural Resources Corp (HNRC) do?

HNRC is an energy enterprise with investments in oil, gas, and mining opportunities, striving to deliver value to its shareholders.

What are the core businesses of Houston Natural Resources Corp?

The core businesses include stakes in oil, gas, and mining ventures, with a focus on growth and innovation.

What projects is Houston Natural Resources Corp currently working on?

Houston Natural Resources Corp is actively involved in projects related to Cunningham Energy LLC and other strategic investments.

What are the financial conditions of Houston Natural Resources Corp?

The company's financial conditions are stable, with successful acquisitions and investments contributing to its growth.

What are the recent achievements of Houston Natural Resources Corp?

Recent achievements include obtaining full ownership of Cunningham Energy LLC and making strategic minority investments in various energy companies.

What is Houston Natural Resources Corp's approach to sustainability?

Houston Natural Resources Corp is committed to sustainability, incorporating it into its investment strategy and core business operations.

What sets Houston Natural Resources Corp apart in the energy sector?

The company's diversified portfolio, commitment to growth, and focus on innovation distinguish it in the energy sector.

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HOUSTON NAT RES CORP

OTC:HNRC

HNRC Rankings

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HNRC Stock Data

6.05M
21.41M
Waste Management
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United States of America
Houston