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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Petro Rio S.A. > Where will the future of HRT? The shareholders have an exit?

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Post by Rzbern on Jan 12, 2015 5:21pm

Where will the future of HRT? The shareholders have an exit?

Shareholders of HRT, at least I feel at peace with my conscience. I'm sure I did all to try and preserve the minority shareholders of this company and I always was alert. Unfortunately little to do now. The debentures will close the coffin lid. In Brazil -14% today and the share price is going to go down and I think will going deeper. If the price arrive R$ 1.00 the new rules Bovespa forces the company to submit to new reverse split. In the april 30th will have other annual general meeting AGM. I understand that this is the date to the last use the shotgun on the head of the minoritary shareholders. Good luck for all.

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Comment by bigbossman on Jan 13, 2015 10:46pm

This post has been removed in accordance with Community Policy

Comment by Rzbern on Jan 14, 2015 4:29am

In my view the company announcing that is storing oil in the FPSO has some considerations: It is possible that they not finding a buyer at the value that can sell, even in 0x0, but hold the operational running without burning cash. I think it is difficult because the market already offer below this equilibrium value of questionable breakeven of HRT. And as matter said, the company ...more

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