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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

Post by tillman354on Jun 24, 2013 2:12pm
47 Views
Post# 21570029

Negative press

Negative pressWSJ article this morning. Not real positive on Brazil markets...

https://online.wsj.com/article/the_americas.html

"Behind Brazil's Civil Unrest
Radicals use popular discontent to push President Dilma Rousseff into following more statist policies.
  • By MARY ANASTASIA O'GRADY
For sure, grievances against government mismanagement and corruption exist. But protesters need organizers, and my reporting suggests that President Dilma Rousseff's political adversaries on the hard left are hard at work, applying Rahm Emanuel's famous dictum: Never let a crisis go to waste.
How Ms. Rousseff responds will determine whether Brazil remains engaged in its decades-long evolution toward democratic capitalism or sinks back into the 1970s. She would be well advised to remember Britain's Prime Minister Margaret Thatcher, who said that those who stand in the middle of the road get run over...

...Ms. Rousseff can solve her problem by opening Brazilian markets and acknowledging that the state is not the engine of growth. Or she can negotiate with the protest organizers and re-establish Brazil as the perpetual country of the future.
Write to O'Grady@wsj.com"
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