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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

Bullboard Posts
Comment by powerwalkeron Jul 07, 2011 2:38pm
302 Views
Post# 18807505

RE: Where's all the whiners?

RE: Where's all the whiners?Sorry, lemmings, it is not whining to ask for a better price when one values the company assets at a price higher than management.  THe current opportunities have nothing to do with the UNX value at the time of the transaction other than providing some risk reduction if HRT DOES strike oil in the Amazon.

UNX leaders (sic!) sold out for a below market figure after being mesmerized by the Brazilian and then, brow-beaten into accepting his offer.  We, the UNX shareholders, were treated like s**t by all of our representatives and by HRT.

The oil potential it offered and the leadership and connections in Namibia were worth more than what HRT paid.
  We'll see that in 2 years when the first gushers are struck in Block 2813 and elsewhere down there. 
Bullboard Posts