GREY:HRTPF - Post by User
Comment by
Rzbernon Nov 27, 2014 1:48pm
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Post# 23170690
RE:RE:What is wrong with everyone?
RE:RE:What is wrong with everyone?correcting because HRT sells with 10% discount
The cash is R$404 million brl with dollar (exchange) R$2,57:US$1.00
How the cash is in dollar now the dollar is R$2,50.
404 million / R$2,57 = 157,2 million dollars (at q3.14)
157,2 million x 2,50 = R$393 million brl (11/27/2014). This is the hrt cash in dollar today. (- R$11 million at Q3.14 base line)
HRT sold 577,000 barrels in Q3.14 and said will sell only 500,000 in the Q4.14. And they sold the barrel in Q3.14 at the price US$88.00 and now the brent is U$72.00 with 10% discount U$64.80
577,000 x 88.00 x 2.50 = R$127 million
500,000 x 64.80 x 2.50 = R$81 million (- R$46 million at Q3.14 base line)
46 + 11 = (- R$57 million at Q3.14 base line)
Where and what will be the positive revenue of hrt? They will start the cash burn again. because the money of debentures is not to the free cash, it is to be investment in developing in polvo oil field. Rosneft forgot it and hrt not can or must wait it. This money is possible not arrive.