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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
Post by BroStarton Sep 03, 2011 3:21am
488 Views
Post# 19009344

The "silent" News Release

The "silent" News Release
  Hope everyone is having/ has a great weekend, before we get to bashing each other, remember we all want the same thing SUCCESS, we are in the 7th game of the Stanley Cup Finals, play as a team!
I am just gonna throw some sh$t, out there if it sticks so be it, if not, well.
1.  A NR that really doesn't say anything, except the new depths.  
 a)  if something was "discovered" they have their waiting period before releasing that information  
 b) they didn't say anything NEGATIVE on any of the drills (this is huge for us) so we are still a go on 100% of them
2.  The drilling on #2 well has continued. 
a) this team sure knows what they are doing and were able to overcome massive obstacles    
b) they updated us with the "bad news" about that well last week, no bad news this week = great     
c) they are disclosing all negative information (didn't hear any on this one)
3 out of 4 wells are yet to have any problems, this is great positive % results, meaning this team know what they are doing very well, and the problem on the one well has been resolved.
4.  CFO resigns at such a "delicate / important" time   
a) It can't be because of bad news/results on the drilling, or they would have been disclosed today  
b) it "could" be because of good news that is yet to be disclosed, and he had loose lips   
c) either way, it shows that MGMT doesn't put up with any garbage, or they have hired someone who is much better fit to guide them along the money trail we are heading on
5)  6 consecutive GREEN days, and a little red on the result day 
a) the tiny drop in SP is great as far as I am concerned, why?   -if there was bad news that would have been a huge drop.     -the drop is only because there was no news made public
6) Now the good stuff     a) be ready for another week of consecutive "GREEN" days, why? -no bad news, another week of anticipated drill results  -the CALM BEFORE THE STORM, could mean that there is a lot to say
7)  The change in Shareholders Meeting, to me is a HUGE + that people may have not even considered  
a) they know they are close or have already gotten there, and want to have the meeting with all results in hand for the 4 drills      
b) they will be in a position to answer all questions at that time, as opposed to having a meeting right now while things are still going on and they are TONGUE TIED and unable to comment on anything.   
c) The company is 100% focusing its time on the drilling and have made that the #1 priority.
These are just some thoughts of mine, sorry for the lengthy msg, curse me all you want.... sharing some insight....Add all of these with the <tweet, tweet> that has been spot on for a week, and I am as confident as ever.  GLTA
Bullboard Posts