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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

Comment by VultureTraderon May 04, 2013 8:38pm
82 Views
Post# 21339822

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Wh

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Wh

Bro,

After HRP made the offer I did sell half my UNX position, and when it started to fade I sold the rest. But I kept 500 shares, just to keep me attentive. I lacked the courage and attention to get in-and-out.

During the month of April I doubled and doubled and doubled down again...then I bought some more. Not shorting (wish I had!)  This has been too much of an unpredictable play.

I figure, at this price, the downside is minimal. We have gas in the Solimoes that will be monetized, plus the oil potential.

I bought UNX for its oil potential in Namibia. I am not a member of BKs newsletter, I sleuthed UNX from his promotions.

And HRT, High Resolution Technology, know what they're doing. The possible downside is IF the oil in the Namibia Oil Kitchen has been 'cooked off' and we find the same gas as Tullow did in the Kudu gas field in the Orange Basin. But, Wingat is north, in the Walvis Basin.

IMO, Marcio is an oil genius. He proved that with Petrobras. And his many theories make sense to this common man. He’s well respected in the oil community.

I am 'all-in' here, money I can afford to lose...but, what a freaking upside. An investor could wait years for such an opportunity!

I am almost giddy with its potential.

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