HNRC
CONTINUES
AGGRESSIVE GROWTH
HOUSTON,
TX -- July
27,
2021
--
InvestorsHub NewsWire -- Houston Natural
Resources Corp. (OTC: HNRC) ("HNR or the Company")
continues
its aggressive growth in 2021with
projections to substantially increase revenues and earnings over
the next three years.
The company's
revenues have increased by more than 200% to $9,523,634 over
the last three years with net income increasing by more than 300%
to $2,973,320.
The
company's portfolio companies have generated more than
$30 million in revenue
since
2016.
The company projects
total combined revenues of $23
million and $12
million in
earnings. The forward earnings
per share are projected to be $0.77c
per share compared to
$0.19c per share
for
2020. The company
expects
second quarter earnings to
be in
line with the projections. The company expects
the strong revenues to
come from new equipment that
comes online
in the
third quarter, internal growth and
acquisitions.
According to industry
research, the S&P 500 Integrated Oil & Gas Index, forward
earnings, & valuation, as of July
26,2021, is between 8x
and 14x forward earnings. This would imply a target value for HNRC
of $6.16 per
share and $10.78 per
share.
The Street Now
has initiated
coverage
of the company with a strong buy recommendation.
The Company expects
to complete a transaction in the third or fourth quarter of 2021
and anticipates the acquisition to be at least $100
million in
revenue.
The Company's
management team is well positioned to identify attractive
risk-adjusted returns in the marketplace through their contacts and
transaction sources, ranging from industry executives, private
owners, private equity funds, and investment bankers. Our
management believes that its ability to identify and implement
value creation initiatives will remain central to its
differentiated acquisition strategy.
The Company intends
to focus on
realizing
the
value
on the total of
$9.67 per
share in assets held by its
subsidiaries for the benefit of
the shareholders. The strategy may include asset sales,
a
spin off
of one or more of
its subsidiaries
and
dividends to
shareholders.
HNRC
is a
diversified holding company that
has two
subsidiaries,
Houston Natural Resources, Inc ("HNRI")
and
Worldwide
Diversified Holdings, Inc ("WDHI").
HNRI
owns
oil and
gas properties and a
waste-water
treatment plant.
WDHI has business operations
that provide products & services in the Information Technology
& Healthcare markets. HNRC
anticipates up
listing
onto OTCQX
or
major exchange. The company is preparing an SEC filing to become an
SEC reporting
company.
About
Houston Natural Resources Corp
Houston
Natural Resources Corp
(https://houstonnaturalresources.com) (OTC:HNRC). The
Company is dedicated to increasing shareholder value through
developing natural resources with state-of-the-art innovative
technologies in tandem with sustainable environmental services of
toxic oil field waste disposal and recycling that are
environmentally safe and socially
responsible.
About
Worldwide
Diversified
Holdings,
Inc.
Worldwide
Diversified Holdings, Inc.(www.wdhinc.net). The
company is a diversified holding company
with business operations and investments. The portfolio companies
include investments in
information technology and healthcare.
FORWARD-LOOKING
STATEMENTS:
This
press release may contain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Statements other than statements of historical facts included in
this press release may constitute forward-looking statements and
are not guarantees of future performance or results and involve a
number of risks and uncertainties.
Contact:
Houston
Natural Resources Corp.
E-mail:
frank@HoustonNaturalResources.com
Houston
Texas USA.