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Harvest Oil and Gas Corp   (EVEP)
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    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy

Harvest Oil And Gas 's

Competitiveness


 

EVEP Sales vs. its Competitors Q4 2019



Comparing the current results to its competitors, Harvest Oil And Gas reported Revenue decrease in the 4 quarter 2019 year on year by -67.1 %, faster than the overall decrease of Harvest Oil And Gas 's competitors by -10.5 %, recorded in the same quarter.

List of EVEP Competitors





Revenue Growth Comparisons




Net Income Comparison


Harvest Oil and Gas Corp , faster than the decline experienced by the competitors recorded a net loss, as well as most of its competitors.

<<  EVEP Stock Performance Comparisons


Harvest Oil And Gas 's Comment on Competitors and Industry Peers


The oil and natural gas industry is highly competitive. We encounter strong competition from other independent operators and from major oil and natural gas companies in acquiring properties, contracting for drilling equipment and securing trained personnel. Many of these competitors have financial and technical resources and staffs substantially larger than ours. As a result, our competitors may be able to pay more for desirable leases, or to evaluate, bid for and purchase a greater number of properties or prospects than our financial or personnel resources will permit.

We are also affected by competition for drilling rigs and the availability of related equipment. In the past, the oil and natural gas industry has experienced shortages of drilling rigs, equipment, pipe and personnel, which have delayed development drilling and other exploitation activities and have caused significant price increases. We are unable to predict when, or if, such shortages may occur or how they would affect our development and exploitation program.

Competition is also strong for attractive oil and natural gas producing properties, undeveloped leases and drilling rights, and there can be no assurances that we will be able to compete satisfactorily when attempting to make further acquisitions.