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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. > Well, there you go Northsun
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Comment by robnhoodon Apr 25, 2014 3:26pm
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Post# 22492459

RE:RE:RE:RE:Well, there you go Northsun

RE:RE:RE:RE:Well, there you go NorthsunBug, why would anyone buy it right now. I'll bet that almost all the buying is from longs that are trying to cut their average cost. The company has given no reasons that I can tell of why the future is bright.
Slowing down the burn rate is hardly a reason to buy a stock when there are thousands of others available that just might have some promise. At this point it is a wild wish, and a hope that something good happens to a company that was led off the cliff by a delusional dreamer.
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