Houston Natural Resources (OTCMKTS:HNRC) Stock In Consolidation Phase: Here are Key Developments

There are certain companies that may not be on the radar of many investors at this point in time but it may be worthwhile to consider taking a closer look into them. One such company is Houston Natural Resources (OTCMKTS:HNRC).

About Houston Natural Resources

The company is involved in the remediation and recycling industry and is currently focused on further developing its business through the use of modern innovative technology and socially responsible as well as environmentally safe processes. The company wants to build recycling plants in some of the most prolific oil-producing areas which have a fair share of oil wells. However, in this regard, the most important thing to keep in mind is the fact that the company’s business is not actually dependent on the drilling of new oil wells.

Houston Natural Resources depends on the large number of oil wells that are already in operation and are actively producing oil and gas. Currently, Houston Natural Resources is engaged in the construction of a full-service recycling plant that is expected to be unrivaled in the state of Texas. The facility is going to be involved in doing away with some of the old methods of recycling and disposing of harmful by-products of oil drilling and help with the environment in a big way.

Fast Start To The Year And Strong Finish To 2021

Not too long ago, the company was in the news after it announced that it had finished 2021 strongly and on top of that it had a significant pipeline of transactions for 2022. While these were important announcements in their own right, Houston Natural Resources also noted that it was also going to have an uplisting of its stock at some point in the first quarter of 2022.

Strong Fourth Quarter Earnings Expected Projected To Continue In 2022

Additionally, it also noted that the financial results for the fiscal year ended December 31, 2021, was also going to be released in February 2022. So, as you can see Houston Natural Resources is an innovative company, with a strong business and is currently on the verge of becoming a major player in its industry. It may be a good time for investors to consider adding the stock to their watch lists.

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