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Replies to post #5684 on Petro Rio S.A. ADR fka HRPTY
john1045
06/04/16 6:27 AM
#5685 RE: DrillaHill #5684
Bob, I believe when Petro said they sold 400k @ US$43/bbl they refer to the price of Brent. As oil from Polvo field is heavy we have to consider a price reduction of ~10% or so per barrel. But certainly Q2 is looking much better compared to Q1 and imo we're still massively undervalued considering our cash and assets. looking forward to next results