Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 GeneFrenkleon Feb 24, 2014 3:39pm
199 Views
Post# 22244399

RE:Can HRT Execute

RE:Can HRT Execute
They have hundreds of millions of tax losses, which will eventually expire in a few years. I would imagine that they're hoping to start selling oil, turning some sort of profit, so they can realize this very useful (if not currently useable) asset.
I imagine they don't want to get out of Namibia, since there seems to be still so much interest, but they know the market value is $0 until proven differently. Hence: try to get anything to monetize the expiring tax losses.
<< Previous
Bullboard Posts
Next >>