Seeking Alpha

Harvest Natural +8.5%, possibly on Venezuela's receipt of Chinese credits

  • Harvest Natural Resoures' (HNR) 8.5% premarket gain may be attributable to news that Venezuela said China had given the country $5B in credits under a deal reached in September.
  • Venezuela has received ~$36B from China since 2008 and is paying for it with petroleum exports.
  • Most of HNR's exploration and production assets are in Venezuela.
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