Petro Rio S.A. HRTPF

RE:Tanure bought 19.25% stake in oil company HRT

[aresoilventures]

It's all a game of poker... Tanure (JG Petrochem) just told Discovery "I call... show me your cards" so that he knows the voting strength on each side (and how many allies he has to bring to the table). With JGP at 19.25% and Discovery at 18.8% it is pretty much a toss-up (guess they will both be at 19.99% before the March vote). Both want to take control of HRT, Discovery to liquidate and Tanure to build a new oil company based on Polvo production as base and then sell later (guesses based on that Tanure is rumored to pick up undervalued distressed companies, then turn them around and sell them some years down the road for a massive profit). As a shareholder (very small one at that), I have to decide what would bring the most value to me... as my share value basis is still negative, will a buyout by Discovery or by Tanure be more likely to give me profit on my investment. Personally I am in the Tanure camp on this one, but can see the other side of the argument.