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Petro Rio S.A. HRTPF

Energy Oil & Gas E&P
"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

Petro Rio S.A. > How Many Would Dum
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Comment by gusgoldon May 14, 2013 1:21pm
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Post# 21390335

RE: RE: RE: RE: RE: RE: RE: RE: How Many Would Dum

RE: RE: RE: RE: RE: RE: RE: RE: How Many Would Dum

The problem is the solimoes is 80% gas and 20% oil according to mm. There is no easy cheap way to monetize the gas without petrobras...sure HRT could go higher than $10 but the old adage pigs get fat and hogs get slaughtered applies to this pos..I don't like that it trades on the bovespa and I don't trust the management..even if they discover oil the hedge funds in control will find a way to screw the share holders with some type of buyout scheme

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