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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 Feb 02, 2014 5:52pm
203 Views
Post# 22164003

RE:RE:RE:RE:release

RE:RE:RE:RE:releaseAll I can say is that it comes from Brazilian business associates in the oil and gas industry and their knowledge and view of Tanure. He is apparently VERYwell connected with the government and his style is that of a activist shareholder who takes over and transforms financially distressed companies. When asked to compare him to anyone in the US (I was thinking Ichan), they said "no, he is more like Buffett, special deals and never goes in half hearted."  From an HRT perspective this would be an owner who keeps the company Brazilian (there is a pride factor here) and who likely has the connections to get funding from the Brazilian development bank for the Solimoes gas development.  A very well connected business man who plays hard and does not lose easily.  I think we are looking at the future owner of HRT (BWTHDIK)
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