Next events to fuel the short attacks Freak...if excellent results from Wingat result in a sell-off, what other "bad news" is ahead? Looking at SP, one would think a BP sized GOM blowout had happened. Rumors of high gas pressures, not results of high gas pressures....excellent drill & safety program.
Drilling brings risks, believe HRT/GALP have insurance in place to cover everything, looking at HRT's recent SEDAR filings.
Closing the sale of Air Amazonia, unsure of timelines
July - release formal monetization plan, HRT, Roseneft and Petrobras. Milton mentioned something about pipeline...perhaps translation blip. MM was talking about generating electricity, I like the fertilizer option for value added but haven't seen fert timelines or costs. If Merkat is gas, another plant there. Why sell raw energy right now if shortly in the future, can sell value added products, Brazil imports 96% of their fert.
Results from drilling Murombe...trading for cash.....what's the downside to short?
Remember it was shorters that pounded SP so low that MM couldn't sell 30% offshore Nam for $500M when the entire Co was only worth $900M.
Then drilling Moosehead, perhaps another farm-in
Closing on Polvo.....my understanding of how this is structured, revenue from Jan 1 2013, retroactive, goes on HRT balance sheet.
Wow..I might buy some more tomorrow