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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. > Volume in Brasil Today
View:
Post by Bosslady on Mar 25, 2014 4:30pm

Volume in Brasil Today

Also nice to see some decent volume on the Bovespa today...6.33 million , high of .99, close of .97. Time for takeoff !!!
Comment by robnhood on Mar 25, 2014 5:49pm
Comment by robnhood on Mar 26, 2014 5:37pm
Why oh why can this stock not rally at all? The news of late has been quite encouraging, yet any buying is crushed. Looks to me to be very controlled. To what aim I do not know, but the action defies logic IMO. There is no volume to speak of on the GDR's. There are no sellers of any consequence in North America. What is going on in Brazil? Makes no sense that a stock that fell so far and now ...more  
Comment by buggati on Mar 27, 2014 11:40am
Hood, HRT did rally off the lows of $.15...given the untrustworthy management that is not bad...once a stock loses the confidence of the market through lies, deceit, and lack of transparency, it is near impossible to regain marke trust..only discovery of a commercial oil deposit will move this dog
Comment by robnhood on Mar 27, 2014 5:35pm
I am convinced that the price is being held by intention. Add that to the news releases that are intentionally lacking in pertinent information and it all looks very intentional. The news of late has been somewhat positive in regards to Rosneft and the Solimoes, and all the planned drilling in Nam, yet any buying in Brazil is filled and the price punched right back down two minutes later. On our ...more  
Comment by robnhood on Mar 27, 2014 5:40pm
I forgot to add the fact that Polvo is pumping out money to the list of small positives, yet the stock still trades at prices just slightly higher than the going out of business prices of a few months ago. I can only guess one reason and that is a takeover with one of the main criteria being the average price over the last six months or something like that. BWDIK?
Comment by wallywill on Mar 27, 2014 8:41pm
Hood, that I fully agree with. HRT is worth far more than what the stock is trading at and has been for quite some time now. Dispite the missed drills when under the direction of Mello, the worst decision that management goes back to when they did a stock split. This allowed easy the hedge funds to gain control of the stock and ultimately the company. They depressed the price far beyond what ...more  
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