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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. > Not much gain
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Comment by robnhoodon Nov 25, 2013 6:08pm
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Post# 21940122

RE:RE:RE:Not much gain

RE:RE:RE:Not much gainBug, I don't think that they are that broke, but perhaps. 9 miilion shares traded down there today, and it couldn't move because of the intense selling. This selling has been going on for over a year now, and I would guess that at least half , if not more of the capitalization has traded between here and the low of .65 $brl. That is strange action. Volume here was puny, and shows a distinct lack of interest one way or the other.
Wierd action on the Bovespa IMO. It acts as if some big fund that got burned bad on it is reeking revenge on MM and his crew. BWDIK?
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