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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. > Tanure in Brazilian magazine
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Comment by Grizzle1on Jan 20, 2014 9:12am
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Post# 22110360

RE:Tanure in Brazilian magazine

RE:Tanure in Brazilian magazineThe implication to the move is that if the Discovery 20% holding can be legally proved, then under the OPA fair market value, Discovery will be forced to declare a new fair asset/market tender value for HRT if 2 shareholders reach this value, which could be up to 10x current marcap. So Tanure could be looking for a very quick 10x ROCI if he hasnt any interest in moving for the majority holding. Thats my take on it.
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