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Petro Rio S.A. HRTPF

"Petro Rio SA is engaged in exploration and production of oil and gas in Brazil and abroad. The Company is currently engaged in the hydrocarbon production in Polvo field."


GREY:HRTPF - Post by User

Post by OnDaBallon Sep 10, 2013 12:08pm
416 Views
Post# 21729839

a potential floor

a potential floorThere seems to be some strength arising at $0.22 for HRP - still way below the value versus HRT at 1.25 reals = $0.27+ Cdn.  My experience/observation is that just after a rapid decline, like this, there is a bounce back - not to the original value but certainly a 20% to 30% pop in this case is feasible.
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