Petro Rio S.A. HRTPF

Discovery Capital MGT Has Increased Holdings to 15%

[buggati]

eom

[robnhood]

Bug, what I would like to know is who keeps selling so much stock. It seems endless. Miliions of shares for sale right on the lows. Every day on the Bovespa, 4 or 5 million and some days even more. What do these sellers know that we don't. It makes no sense.

[buggati]

Hood, The idiots running HRT keep everyone in the dark, so I doubt the sellers know anything more...if anything Discovery Capital MGT should know any relevant info and they bought more..

[robnhood]

Looks like the selling is coming from shorts.. 6 million more in one day of borrowed shares. "Rents hit new record: Data Table date HRTP3 HRT OIL 36,163,393 0.76 4.210.851,00 11/12/2013 HRTP3 HRT OIL 29,768,047 0.75 4.977.192,00 10/12/2013

[robnhood]

Although I find it hard to believe that anyone would put shorts on at these prices.

[aresoilventures]

Hood - Don't you think it is more likely that Discovery is making a move for control of the board?  Willott, Ebern and someone else is stepping down, will elect 7 members only.  SouthEastern sold their 12% of the company (without the stock price dropping... so there was a buyer), Discovery is now up to 15%... looks to me like that Discovery is making sure they completely control the

[robnhood]

I have no idea what Discovery wants. What do they know about running zee beegest oil company in zee world? I think maybe discovery is keeping the price locked in here and slowly but surely shaking all weak, disinterested, and tax loss shares out into their hands. In for a penny, in for a pound. Somewhere I read that they said their purchases were for investment purposes only.

[robnhood]

from november article Discovery prepares offensive to take control of HRT , says report Reserved Members of the oil , however, does not plan to let the plan go forward , one of the main stakeholders would be the company's founder Marcio Mello By Paula Barra | 16h59 | 08/11/2013 a a SAO PAULO - U.S. fund Discovery Capital Managment investments prepares a strategy to "take by force "

[robnhood]

It definitely appears that there are powerful forces at work here and the stock price is being controlled. Makes no sense that it barely budges. Even OGX jumps around. Probably the reason that the news is kind of cryptic and not very illuminating. They only tell us what they have to and no more.

[robnhood]

NEWS RELEASEACQUISITION OF MATERIAL EQUITY INTEREST Rio de Janeiro, December 11th, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) pursuant to the Article 53 of the By-laws of HRT, informs that it has received today a letter from Discovery Capital Management, LLC, on behalf of Discovery Global Citizens