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Bullboard - Stock Discussion Forum 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 Discussion

Petro Rio S.A. > Comparing to Chariot .........................
View:
Post by stateside on Apr 01, 2013 2:29pm

Comparing to Chariot .........................

Chariot drilled 2 dusters offshore Namibia in 2012.  From spud date to a week or so before drill results were announced, the stock price did the following:

 

First well - From $1.50 to $3.25 (then fell on results)

Second well - From $1.10 to $2.00 (then fell on results)

 

I have to laugh at those wondering why the share price went up today and will go up much higher before drill results are announced.  You have the roadmap.

 

stateside

Comment by Threshold on Apr 01, 2013 2:45pm
it's an interesting message board to say the least. even more so if you haven't been on the long ride down.
Comment by Wisee on Apr 01, 2013 2:54pm
Stateside,  Great post.   You can add....CGX (OYL.V) went from $.60 to $1.49 with their off-shore drilling in Guyana. Wisee Wisee    
Comment by rlovett on Apr 01, 2013 3:19pm
Remember VanWilder!'s word...."precursitory," alluding to stock price runups during exploratory drilling?          Oh how I hope there is something more here than precursitory!   rl
Comment by robnhood on Apr 01, 2013 3:29pm
This company has been very forthcoming with any news as far as I am concerned. I have not seen any trading that would indicate forehand knowledge of material interest.
Comment by VanWilder1 on Apr 01, 2013 4:06pm
RLoveTT Ya, I was combining Purgatory and Precursory..............A Petpetual state of waiting, where the stock price borders on HE LL, with hopes of sometime Reaching Heaven.   Let's hope the days of Purgatory are over...........and this moves has some meaning behind it.
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