GREY:HRTPF - Post by User
Comment by
aresoilventureson Oct 08, 2014 2:49pm
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Post# 23011172
RE:RE:how i said: it was a good news
RE:RE:how i said: it was a good newsHood... this may have a much simpler explanation. Compare HRTP3.SA to Petrobras (PTR3.SA) for the last five days. Brazilian oil companies spiked up Monday with the result of the first election round seeing perceived pro-business Aecio Neves doing very well, followed Tuesday with the news that ousted principal contender Marina Silva supporting Neves over Dilma Rouseff for the runoff. IMHO the stock movement for both Petrobras and HRT this week is driven by an election overprint rather than the news Tanure has divested part of his position.