Is Now The Time To Buy These 5 Overseas Energy Companies? – Harvest Natural Resources, Inc. (HNR), Niko Resources Ltd. (NKO)

The company begins drilling the first two wells in its East Coast Basin in April 2013, targeting several high-impact play objectives. Additionally, Tag completed a seismic survey within its properties in the Canterbury Basin. Interpretation of the seismic data is underway, and could identify potential well locations. The Canterbury Basin is an under-explored area with many geological similarities to the productive Taranaki Basin.

Conclusion
Several moving parts and additional criteria have to be assessed before an investor dips his buying toes into an overseas energy producer. The Brent pricing is often offset by the risk of the

expropriation of assets by foreign governments, local opposition, regulatory changes, political instability, and social unrest. However, this isn’t a perfect world, and no company is ideal. A prudent investor has to weigh the pros and cons and act accordingly.