Vibes
Posts from Gusmaran and Itfrietas in Brazil this morning. Asset stripping by SAM:Discovery is one theory put forward in return for substantial farm out of Namibia and re consideration of Solimoes monetization. These 2 guys have been around HRT for a lot longer than most of us and know how things have worked in Brazil in the past. What they, and us, dont know if the strategy and rationaleof the 2 key fund holders. Do they go for short/medium term ROCI based on asset sales and aquisition of delivery vehicles such as Polvo and maybe Harvest, or do they really share MM:WB dreams of Namibia and Solimoes. Maybe they believe in them but recognise that HRT is not the entity to deliver. Best to let BP drive Namibia and Rosneft/PBR??
What happens in HRT I've sung the ball here long. Foreign funds do not believe in the project, and would buy a company for high values. Worse would buy another pre-operational. Just wanted to change the whole focus. You can be sure that these funds do not believe in Namibia and much less in the Solimões. They are there, perhaps assisted by the notorious Lourenço Bastos Tigre, to make a CUTTING. What I understand that may occur, is the cancellation of the perforations in Namibia, and a massive sale of company assets in Solimões. Want to make cash, those assets and tax credits. That Marcio Mello and Wagner continue in CA, is somehow a slight guarantee for us who believe in the project. Márcio Mello Wagner and do not want to "work for foreigners" and went for it. It has nothing to do with the result of holes. ash, despite yourself judging your comment to 32029 , I understood very pertinent. Now we have to wait for Presepada that Discovery is ready. I imagine most M & A and asset sales, and also suspended drilling in Namibia. Am I being pessimistic? I think so. When they told me I did not believe it. MM and WP leaving, reformulations in Council. A new HRT is emerging for good or evil. The good part is that they should "rationalize" our assets. The bad news is that for those who believed in the project, we have a great enemy (Discovery) and a "small" ally: (MM).
32034 of 3204213/05/2013 11:53 5 0 Gusmaran I think you're exaggerating a bit with this issue of 'dismantling' of the company. they wanted even if it would not have led Milton Franke for president, would have put a gringo there any (maybe Peter O'Brien, Rosneft former.) For me, the fact of putting Milton Franke was an attempt to tell the market that they (the funds) still believe in the Solimões and Namibia project. After all, MF is a figure very much linked to Marcio Mello. Dunno ... I have, for me the final straw was the MM has pledged result Wingat for April 28, which was one more bravado fool of him. The funds must not have liked because it can disrupt the 2nd farm-out which, by the way, was also something that MM promised for the end of the month. guess that funds are seeking a professional more measured in words instead a loudmouth. I do not think they do not believe in the ability of the MM technique, which is very large, say in passing. Were it not so, he would have pulled away from totalmetne emrpesa. And is not the case. He continues in CA. Both he and WP. guess the market movement exaggerated for the day, trying to associate the output of 2 leading names in the company to a possible failure in Namibia. For me, the high of Friday is much more important than this fall today. After all, we do not know what "startou" that movement.
To do miscarriages simply sell the assets via farm-down. I believe they all come from the list. Why, if there is no immediate discovery, our chances are reduced. On the other hand, is nonsense sell HRT now after purchasing Octopus, since this well should generate free cash very interesting. I think we have a background for the action. Just do not go up more because this is zumzumzum of market players, among them the "Gradual Investimentos" saying Wingat came dry. People are cautiously. What should go on the agenda now, is a possible acquisition of Harvest, I think a good asset, especially if Márcio continue approaching the Government, since the fields in Venezuela had only 10% their areas already explored and produce net to Harvest 13 thousand barrels per day with plenty of upside. The entire infrastructure is all ready without capex production, only exploration. Moreover, I think that HRT should penetrate further in the Campos Basin. Viewing. The company will focus on mature fields and new frontiers will set aside. JJtrader, you're the Solimões that may have a surprise that will not be pleasant. I agree with your chart, but would like to add that I do not see DEFENSE paper by Southeastern, who engineered all this change. And now Joseph?