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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.

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On February 14, 2022, Houston Natural Resources Corp. (OTC: HNRC) announced that its subsidiary launched HNR Acquisition Corp (HNRA) as a Special Purpose Acquisition Corp (SPAC) for an IPO on the NYSE. The IPO aims to raise $75 million, comprising 7.5 million units priced at $10 each. HNRA began trading on February 11, 2022, with an initial volume of 7,698,060 units. The SPAC intends to focus on energy assets in North America. EF Hutton is the sole book-running manager for this offering, which includes an option for the underwriter to purchase additional units.

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Houston Natural Resources Corp. (OTC: HNRC) has reported significant achievements over the past 18 months. The company completed the acquisition of Houston Natural Resources, Inc. in September 2020, appraising its assets at over $60 million, including 2,000 acres and 83 wells. HNR Oil Services, LLC has opened a wastewater treatment facility processing more than 150,000 barrels monthly, generating additional oil revenue. The company anticipates record earnings and a stable debt-to-equity ratio below 2%. HNRC aims to enhance shareholder value through new acquisitions and sustainable technology.

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Houston Natural Resources Corp. (OTC: HNRC) announced its plan to achieve a debt-free status and continue growth in 2022. The company boasts a debt-to-equity ratio of less than 2% and current liabilities under $1.3 million. With a net asset value of $4.00 per share, it aims to acquire mature natural gas and oil properties, as well as wastewater treatment facilities. HNRC projects a target stock value between $6.00 and $10.00 based on forward earnings. The company also explores waste-to-energy opportunities to expand its portfolio.

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Houston Natural Resources Corp (OTC: HNRC) announced a strong finish for 2021 and a promising pipeline for 2022. The company plans to uplist and file year-end results next month, anticipating $4.00 per share in asset value for shareholders. With intentions to rework 83 wells and enhance operational capacity, HNRC is targeting acquisitions worth $10 million to $100 million. The strategy includes potential asset sales, spin-offs, and dividends, focusing on environmentally responsible natural resource development.

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Houston Natural Resources Corp (HNRC) has updated shareholders with its recent business developments and strategic direction for 2022. The company reported an 81% increase in revenues compared to the previous year, reaching projected earnings of $0.34 per share. HNRC anticipates revenues exceeding $23 million and earnings above $10 million for 2022, targeting acquisitions valued between $10 million and $50 million. The firm aims to realize a significant asset value of $9.67 per share through potential asset sales and dividends.

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Houston Natural Resources Corp. (OTC: HNRC) anticipates robust financial performance for Q4 2021, projecting revenues of $17 million and earnings before interest, taxes, depreciation, and amortization (EBITDA) of $8 million. For 2022, forecasts indicate revenue surpassing $23 million and EBITDA exceeding $10 million, aiming for earnings of over $0.50 per share. The company experienced over 81% revenue growth, totaling $12.86 million in the past nine months, with net income increasing by 192% to $7.09 million. Net assets have risen over 100% to $73.45 million.

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Houston Natural Resources Corp. (OTC: HNRC) has gained attention in recent Wall Street Research Reports as an emerging energy stock opportunity post-COP26. WallStreetPR.com highlighted HNRC's potential for significant growth in the sustainable energy sector, especially with ESG investments projected to reach $67 trillion over the next decade. The stock is currently trading between $0.50 and $0.60, with analysts citing solid support levels and potential moves to $4.00. The company focuses on innovative technologies in natural resource development and environmentally safe oil field waste disposal.

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Houston Natural Resources Corp (OTC: HNRC) announced complete ownership of HNR Oil Services LLC, a Texas-based subsidiary focused on recycling and remediation of oil field contaminants. The company operates a licensed reclamation plant in South Texas, generating multiple revenue streams while ensuring environmental compliance. HNR plans to establish six additional remediation facilities within five years, projecting a net operating income of over $55 million by year five. Led by a seasoned team, HNR aims to up-list to OTCQX or a major exchange, enhancing shareholder value through innovative and sustainable practices.

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Houston Natural Resources Corp. (OTC: HNRC) announced expected future growth driven by multiple revenue streams. The company's subsidiary, HNR Oil Services LLC, operates a licensed recycling facility focused on environmental remediation. Revenue sources include:

  • Fee income from wastewater disposal treatment.
  • Oil sales from water treatment processing.
  • Projected financing of $1.5 million for reworking 83 existing wells.
  • Expected sales of $500,000 to $1 million per month from road-based materials post Thermal Distortion Unit installation.
  • Long-term revenues from Worldwide Diversified Holdings, Inc.

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Houston Natural Resources Corp (OTC: HNRC) has reported significant growth in net assets, revenues, and net income for the period ending September 30, 2021. Net assets increased over 100% to $73,446,688, while revenues surged by more than 150% to $7,614,534, and net income rose by over 250% to $4,006,260. The company anticipates third quarter earnings will surpass current projections. Additionally, subsidiary HNRI has appraised proven reserves at $69,000,000.

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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.

HOUSTON NAT RES CORP

OTC:HNRC

HNRC Rankings

HNRC Stock Data

6.05M
21.41M
Waste Management
Industrials
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United States of America
Houston