Event-Driven Stocks

Spin-offSpun off from Houston Natural Resources Corp

The two companies

Parent
Houston Natural Resources Corp
↓ spun off ↓

Open either company's hub for its full SEC financials, ratios, ownership, filings, and every other event it's been part of.

Sector
Other
Industry
Exchange
State of incorporation
DE
Record date
April 28, 2023
Distribution date
Ratio
1:1
Parent sector
Form
10-12B
Filed
June 30, 2023

Spin-off signals

score 1/3 favorable · factors, not advice
  • Tax-basis reportNone found

    A Form 8937 (basis allocation) accompanies tax-free §355 spin-offs — favorable for taxable holders.

  • Insider buying (post-spin)None recorded

    Officers/directors buying their own newly independent shares (Form 4) has historically preceded outperformance.

  • Time since spin-off2.9 years

    Studies find the spin-off return premium concentrates in roughly the first one to three years.

Factors the spin-off research literature (Greenblatt; Cusatis-Miles-Woolridge; Desai-Jain) associates with outcomes — computed from this company's own SEC filings, shown as factors, not a recommendation. The premium is debated and not guaranteed. How we compute these ↗

Filings & documents

Every entry traces to SEC EDGAR. The Information Statement is the primary source; the links below open the full filing and each company's complete filing history.