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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

Post by robnhoodon Feb 14, 2014 7:54am
258 Views
Post# 22208835

IMO,

IMO,The stock price is being totally controlled by Tanure. The borrowed HRT shares on the Bovespa continue to fall each day. This has been going on for a few weeks now from about 33 million shares down to 16 million. I do not expect the price to do anything until that position is totally covered. Clever Tanure has managed to basically kill all news releases.
 Just guess, but that sure looks like that is the case.
 Once agin this morning---high 1.11, low 1.10, last 1.10, unched.
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