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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 Rzbernon Jun 25, 2015 6:57am
281 Views
Post# 23866720

RE:RE:RE:hrtpy x hrp

RE:RE:RE:hrtpy x hrp
robnhood, really the volume dropped, but analyze how the market sees the HRT
 
Polvo:
HRT not have 60% of Polvo. In fact, they have 59.99% because the HRT-petrorio have only holds 99.99% of HRT O & G, owner of Polvo.

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Namibia:
All licenses expired, the company did not comment on this, did impairment. If  not happen a miracle, closed the lid, closed the door.

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Solimões:
They passed the baton. Incompetence. Only they will see the color of money when approving the transfer. It will take at least one year.
 
Bijupirá and Salema:
Bought 20% part of 80%, equivalent to 16%, the other 64% are from Glencore and the rest are 20% of Petrobras. So, when purchasing financed. The well is yours when you paying. So, it is only owner of the percentage already settled. 

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Cash:
Enough to pay good wages to excellent managers for a long time. In fact, managers who did not have their positions renewed on 05/10/2015 and without a comunication about it, are illegitimate in their functions. And they have some debts and liabilities in civil and labor lawsuits.
 
Tax credits:
Never seen. Has anyone seen? I always see a note that opted conservatively not to use ....
 
Aircrafts:
They are divesting, but the money flows down the drain.
 
Summarizing, HRT is:
 59.9% Polvo, (going to ending production) and 16% of BJSA (when approving)
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