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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. > Down 14 cents!
View:
Post by zakmirza on May 13, 2013 9:37am

Down 14 cents!

Clear indication that the action on Friday had nothing to do with MM resignation, rather it was probably due some positive develoment or rumor on drilling. Today's action is a reaction to MM and Wagner stepping aside.
Comment by zakmirza on May 13, 2013 9:40am
I believe when the dust settles, this will finish at par at the end of the day!
Comment by robnhood on May 13, 2013 9:41am
Toatlly disagree. Friday's volume had everything to do with the shakeup at the top. It is now obvious.  The reason the stock is not getting totally destroyed right now is because someone with deep pockets got what they wanted .
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