tombgrt Posted April 25, 2014 Share Posted April 25, 2014 $95M market cap, fiew! I guess I'm confused.... So I still don't see what's the catalyst or reason for the company to trade at its intrinsic value, which based on what I have read here is being approximated as the NAV. Are we saying if there's renewed interest in Africa oil then some bugger player might come along and buy this thing up? I know there's some bigger fund guys that have large holdings of this - I wonder what they are seeing here. I don't see why you would need any other catalyst than IV if you get a big enough discount. 15-20c on the dollar might be cheap enough, even if they do burn through some cash. Link to comment Share on other sites More sharing options...
gary17 Posted April 25, 2014 Share Posted April 25, 2014 sorry i'm a bit slow on this... so seems like the market cap is about $95M USD and according to the latest quarterly report the equity or book value should be $648M USD? i also thought discovery capital owns 10%? Link to comment Share on other sites More sharing options...
Josh4580 Posted May 14, 2014 Share Posted May 14, 2014 http://www.dtcc.com/~/media/Files/pdf/2014/5/12/0954-14.ashx In accordance with the provisions of the Deposit Agreement dated as of April 29, 2011 among HRT PARTICIPAÇÕES EM PETRÓLEO S.A. (the "Company"), Deutsche Bank Trust Company Americas (the "Depositary") and all Owners and Holders from time to time of Global Depositary Shares ("GDSs") issued thereunder, the Depositary hereby announces that it has established June 12, 2014 as the record date for determining the persons and/or entities liable to the Depositary for the annual fee of U.S.$0.02 per Global Depositary Shares for depositary services. $0.02 fee per HRTPY share! That is robbery Link to comment Share on other sites More sharing options...
PJM Posted May 14, 2014 Share Posted May 14, 2014 http://www.dtcc.com/~/media/Files/pdf/2014/5/12/0954-14.ashx In accordance with the provisions of the Deposit Agreement dated as of April 29, 2011 among HRT PARTICIPAÇÕES EM PETRÓLEO S.A. (the "Company"), Deutsche Bank Trust Company Americas (the "Depositary") and all Owners and Holders from time to time of Global Depositary Shares ("GDSs") issued thereunder, the Depositary hereby announces that it has established June 12, 2014 as the record date for determining the persons and/or entities liable to the Depositary for the annual fee of U.S.$0.02 per Global Depositary Shares for depositary services. $0.02 fee per HRTPY share! That is robbery Based on current price, it is 12% fee. I'd rather sell the shares and buy back post record date. Link to comment Share on other sites More sharing options...
tombgrt Posted May 15, 2014 Share Posted May 15, 2014 Robbery indeed. Market giving a big discount to HRTPY now. However, if HRT goes up, the fee is a smaller percentage of share price so the gap should close as well. http://www.mzweb.com.br/hrt/web/download_arquivos.asp?id_arquivo=CFD69DB6-7090-4E0E-BE74-6B56E9EBF31F Hope you guys didn't sell your shares yesterday! Link to comment Share on other sites More sharing options...
gary17 Posted May 15, 2014 Share Posted May 15, 2014 Thx Tom. I'm wondering though what do you see as the mechanism for unlocking the value... thx! Link to comment Share on other sites More sharing options...
tombgrt Posted May 15, 2014 Share Posted May 15, 2014 The same as always. Value. Link to comment Share on other sites More sharing options...
gary17 Posted May 15, 2014 Share Posted May 15, 2014 Are you just betting on value of the asset or do you actually see future earnings? They finally made some money last quarter but how far can this sustain? Seems like a lot of unknowns here... perhaps this is where those who dig deeper get paid.... Link to comment Share on other sites More sharing options...
PJM Posted May 16, 2014 Share Posted May 16, 2014 There is definitely value in their assets plus the new acquired Polvo should provide them with steady revenues and CF going forward. I think the biggest show stopper is the management and majority shareholders that are not trust worthy. Link to comment Share on other sites More sharing options...
phil_Buffett Posted August 12, 2014 Share Posted August 12, 2014 longer no talk about this stock. Rebounded from the lows. they make a stock split. 10-1. has somebody the split already? my Shares are still unchanged and actually non tradeable. also i found this News http://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&tipo=32124&conta=44&id=198374 they reach a 6% Holding in HRT Link to comment Share on other sites More sharing options...
gfp Posted August 12, 2014 Share Posted August 12, 2014 I've had the new shares for a few days now. OTC ticker switched from HRTPY to HRTPD Link to comment Share on other sites More sharing options...
Josh4580 Posted January 22, 2015 Share Posted January 22, 2015 http://www.bloomberg.com/news/2015-01-22/petrorio-has-biggest-gain-after-buying-shell-project.html?cmpid=yhoo "PetroRio SA (HRTP3), the company formerly known as HRT Participacoes em Petroleo SA, had its biggest intraday gain after agreeing to buy an 80 percent stake in a Royal Dutch Shell Plc project in Brazil." HRTP3 is trading at 6 BRL today. HRTPY is currently halted at $0.60 The fair value right now of HRTPY is $1.17 minus any discount for ADS fees. Lets see where it starts trading. Link to comment Share on other sites More sharing options...
Josh4580 Posted January 14, 2018 Share Posted January 14, 2018 Hey everyone, I need some help on this stock. I am wondering if anyone here still owns any HRTPY (Petro Rio). The company's ADR was delisted on January 27th, 2017. See the PR below: https://www.newswire.ca/news-releases/petrorio---delisting-from-tsx-v-in-connection-with-termination-of-gds-program-608620685.html I tried to open a Brazilian brokerage account but its basically impossible (IBKR doesnt offer Brazil trading believe it or not). So I decided to just let DB sell the stock for me and get the proceeds. Its been almost a year since the stock was delisted. The last price HRTPY traded at was $3.86. That day the Brazilian stock (PRIO3.SA) traded at 27.59 BRL. The stock has since increased to 95.90 BRL, a 247% increase. In the press release it states: "In the absence of written instructions from the GDS holders or their agents by the end of such four month period as to how the underlying Common Shares are to be delivered to a valid brokerage account, such Common Shares to which the former GDS holder was entitled will be sold in the market by Deutsche Bank and the net proceeds remitted to the former GDS holder." So far its been a year and I have not received any distribution nor has any of my friends or family that also own the stock. As per this message board, DB has not sold any shares yet. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137355699 FYI...I just called Deutsche Bank in New York and they stated that the GDS shares have yet to be sold. They were hoping for a sale before the end of 2017 but that did not happen. He told me to keep calling back to check...212-250-9100. What are your guys opinions as to what is going on here and what type of distribution I can expect? Thanks! Link to comment Share on other sites More sharing options...
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