Just wondering if anyone on boards is invested in HRT?
They are an onshore oil and gas explorer in Brazil, with offshore assets in Namibia.
Stock trading at just above cash value right now, with a market cap of approx $1 billion.
Listed in Canada and currently trading at $2.24.
The recent drop in shares is attributable to them finding gas but no oil. However, the blocks they drilled were a requirement of the Brazilian authorities.
They share a common story with Petroceltic.
2012 will be a massive year for them.
If anyone is interested in hearing more I can post more details.
Yeah give us some more details.
As i a PCI holder im all ears.
52 week high of $10.19. What a battering. I know nothing about the company but will have a look..
Im all ears!
Am I looking at the correct stock? Market cap of $146m? http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=V.HRP
It is primarily listed in Brazil under the ticker HRTP3. The Canadian stock follows the Brazilian one.
I will post more details tomorrow.
It has taken a hammering due to the same reasons PCI did.
Nice one. Will have a read tomorrow.
They have two drills turning right now. IMO at least one will hit oil and the SP will skyrocket!
Light oil found next door. Wonderful!
Oil and Gas production centre will likely be built.
HRP has hit 3.00 - some lovely movement on it this evening. Closed at 2.90 yesterday.
Turbobaby, I've deleted a few of your recent posts as I've been led to believe they are direclty copyrighted from a financial report.
Please don't copy and paste from a report that requires payment.
By all accounts, supply the link and give a run down in your own words. But, with the SOPA and Irish version of it, these things have to be treated pretty strictly.
Yes, one post above had text from Byron King at Outstanding Investments. I noted that in my message but I understand why you would take it down.
However, this morning's message and every other one was all mine. I take it as a compliment that you think the post was taken from another site but I can assure you it was not. The fact that I used the term 'us' when speaking about the company may have led you in that direction. I am a shareholder so I consider myself part of the company.
Please re-submit this morning's message as it provides a very good summary of events this week.
Indeed Mackie, this week we broke through some strong resistence over in Brazil at BRL $480 per share, straight to $500 which was tested a couple of times before moving up to $525 late on Friday.
The latest move up can be attributed to Cobalt finding a shed load of oil in Angola (Namibia's neighbour). Infact a lot more than they anticipated.
It ended the day up 32%.
So in the last two weeks, Petrobras and Cobalt have made good discoveries right beside our blocks.
I understand that HRT have adjusted their drilling approach for the next two wells based on what they learned from the first four drills. They also have much better quality seismics for these holes. I have heard that they are ahead of schedule, so I expect news before the 3Q2011 conference call on March 5th. Remember, the quality of oil in the Amazon area is top quality light crude.
In terms of Namibia, HRT completed the last bit of 3D seismics for their blocks in Jan and are analysing these right now. No less than 12 majors have expressed interest in farming in, but our CEO wants to analyse the seismics before any negotiations take place.
This share is a bargain.
www.hrt.com.br for more info if you're interested!
Do i have the correct company on my odlmarkets a/c - HRP-V - HRT PARTICIPACONES EM PETROL?