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Bullboard - Stock Discussion Forum 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 Discussion

Petro Rio S.A. > What's up?
View:
Post by zakmirza on Apr 08, 2013 2:29pm

What's up?

Buying opportunity or a concern?
Comment by xoox on Apr 08, 2013 2:43pm
HRT is being dragged down by its link to OGX (neither will seriously participate in the new Br oil auctions). HRT has enough on its plate and doesn't need the distraction...
Comment by robnhood on Apr 08, 2013 3:18pm
" HRT has enough on its plate and doesn't need the distraction..."   I'd say  it's more that they don't have enough in their pocket.
Comment by zakmirza on Apr 08, 2013 3:24pm
I'd say a good assessment xoox, but it shouldn't drag down the sp. Oh well! On apositive note I think HRT will be in some sort of an arrangement with a potentail candidate for blocks through provision of expertise and services. That expertise will become more expensive as HRT has a successful well in Namiibia.
Comment by xoox on Apr 08, 2013 3:33pm
No one knows offshore Brazil better than MM - he (HRT) can always farm-in later if they want - the same may not be true for OGX.  Don't forget, they will have some $$$ later this month.
Comment by zakmirza on Apr 08, 2013 4:04pm
Well, I guess a buying opportunity missed! At least by me!
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