Bullboard - Stock Discussion Forum Petro Rio S.A. HRTPF

Energy Oil & Gas E&P

"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."

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GREY:HRTPF - Post Discussion

Petro Rio S.A. > What is wrong with everyone?

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Post by robnhood on Nov 27, 2014 12:52pm

What is wrong with everyone?

is the title of northnuts post on IH predicting with certainty beeg cuts from opec meeting...
BZZZZZT/gong

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Comment by Rzbern on Nov 27, 2014 1:20pm

This is my prediction to the next quarter 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 ...more

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Comment by Rzbern on Nov 27, 2014 1:48pm

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 ...more

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Petro Rio S.A.