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

Post by Deboraon Aug 01, 2014 2:14pm
360 Views
Post# 22803609

Tanure’s HRT dismisses and cuts high wages

Tanure’s HRT dismisses and cuts high wagesRIO DE JANEIRO - The new management company HRT Petroleum, owned by Nelson Tanure, promoted drastic cuts with discretion. The subsidiary Ipex, which led the company had an annual loss of $ 3 million. The laboratory manufactured losses rather than research and analysis. Discovered many new managers high salaries. A professional earned $ 35,000, out benefits. In the Brazilian market, this professional, with much effort would receive $ 9000. In total, 50 people were laid off in the company and management were eliminated. Had overlapping functions. Likewise, executives spent time and money on expensive lunches in Rio de Janeiro. The bill, $ 300 per person, was paid by HRT. The crisis of mistrust, which led the stock falls more than 95% since the IPO will gradually be replaced by a focus on recovery now. Rigorous Research Empiricus, which drew a gloomy scenario in the event of victory of President Dilma Rousseff, pointed to HRTP3 action to become a millionaire as a function of good prospects. "On the positive side, we consider the acquisition of the entire Octopus (Campos Basin, RJ) as a further indication that, from additional advances needed, the company can balance from the standpoint of cash flow from a through exploration and production of oil. "And the report keeps the confident tone: "In April-June results, logs in over a sale of 600,000 barrels produced in Octopus, which will generate EBITDA of $ 15 million. If production be 10 thousand barrels per day and brent range between $ 100 and $ 110 in the second half, EBITDA reached R $ 62 million in 2014. "Thus, the times of pre-operating company, bad investments and exorbitant salaries lag behind. HRT, Nelson Tanure, is a new company. Paulo Roberto Cunha BLOG POWER GOLD
<< Previous
Bullboard Posts
Next >>