Petro Rio S.A. ADR fka HRPTY

[ghillaman]

Agree that this is a gut check. I don't trust hedge funds but there is no evidence at this point of institutional share liquidation...right? Its not like HRT is without leadership so I'm surprised that the stock is getting so hammered. HRT now has CASH FLOW with tax offsets and still has all the upside with a gas deal even if Wingat is dry. Anyone put a valuation on the company with the new producing wells?

Do any board followers think the hedge funds can take HRT private without shareholders seeing any upside?

We must ask why the interest if the big money didn't think the company was worth a lot. Big money doesn't chase loser companies in my opinion. If board changes were done at hedge fund insistence, then they must be in it for a profit which means hanging on for the ride at this point.

Ahh the ups and downs of investor sentiment!

Thoughts?