Tuesday, September 23, 2014 2:20:10 AM
HRT trading at below CASH
Market Cap is
R$327MM or
US$137MM
2Q14 Final CASH was
R$365MM or
US$153MM
+ HRT should further increase it's CASH position in 3Q14 by receiving another +US$24MM from Rosneft (Solimoes farmout)
and we can expect a significant CASH inflow from the sale of IPEX, maybe still in this quarter...
So I expect the CASH Position
to increase to > US$200MM or R$480MM
or to >
R$ 16/ HRTP3
US$ 3.4/ HRTPY
CA$ 3.7/ HRP
GLA
Market Cap is
R$327MM or
US$137MM
2Q14 Final CASH was
R$365MM or
US$153MM
+ HRT should further increase it's CASH position in 3Q14 by receiving another +US$24MM from Rosneft (Solimoes farmout)
and we can expect a significant CASH inflow from the sale of IPEX, maybe still in this quarter...
So I expect the CASH Position
to increase to > US$200MM or R$480MM
or to >
R$ 16/ HRTP3
US$ 3.4/ HRTPY
CA$ 3.7/ HRP
GLA
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