Seeking Alpha

Our initial report on the misleading financial statements of Harvest Natural Resources (HNR) generated a lot of buzz and questions. We were pleased that our article allowed us to connect with two other funds that share our view on HNR; however, the various questions put forth had us feeling like we left out some important data in support of our thesis. Without further ado, here is our follow up on the accounting shenanigans of Harvest Natural Resources.

The general overview of our thesis on Harvest Natural Resources can be found here. This article will not rehash the prior points.

Accounting Issues:

Since our initial report, we have learned of several companies that have undergone the...

Only subscribers can access this article, which is part of the PRO research library covering 3,758 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: