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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

Comment by aresoilventureson Dec 12, 2013 10:48am
155 Views
Post# 21998571

RE:RE:RE:RE:Discovery Capital MGT Has Increased Holdings to 15%

RE:RE:RE:RE:Discovery Capital MGT Has Increased Holdings to 15%Hood -
Don't you think it is more likely that Discovery is making a move for control of the board?  Willott, Ebern and someone else is stepping down, will elect 7 members only.  SouthEastern sold their 12% of the company (without the stock price dropping... so there was a buyer), Discovery is now up to 15%... looks to me like that Discovery is making sure they completely control the new board to be elected January 15th.
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