Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Highlands Natural Resources (HNR) is shameless in the way that it announce the most fantastically misleading news to ramp its shares to get another covert placing away. Today's announcement is a total shocker. It is paying $500,000 for the right to pick up 100% of the costs but just 80% of the revenues from six wells in Colorado. The numbers sound great...sadly they are just plain old bollocks as 10 minute's research on the internet shows. Highlands states:
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