5d 1m 3m 1y 5y 10y
There are no News articles on HRTPY.
HRTPY vs. ETF Alternatives
Currently, there's no company description for HRTPY.
Thursday, Jan 912:31 PM
Thursday, Jan 912:31 PM| 1 Comment
- Brazil's HRT Participacoes em Petroleo (HRTPY, HRTPF) says it has completed its purchase of a stake in an offshore oil field from BP, transforming it from an exploration company into an oil producer.
- HRT paid $135M for a 60% stake in the Polvo offshore oil field in a deal that was first announced in May 2013 and approved by Brazilian regulators last month.
- Polvo currently produces ~12K bbl/day of heavy crude that should provide a steady stream of revenue for HRT, which has seen investors bail out of shares amid a series of management shakeups and failures at several prospects off the coast of Namibia.
Monday, Jul 222013, 11:53 AMShares of Brazil's HRT Participacoes em Petroleo (HRTPY.PK -25%) plunge after its Murombe-1 well, the second in its current exploration campaign offshore Namibia, comes up dry. HRT will move the Transocean Marianas rig south to drill the Moosehead Prospect, the third and likely the last well for HRT in Namibia. UBS cuts shares to Sell from Neutral. |Monday, Jul 222013, 11:53 AM| Comment!
Monday, May 132013, 10:51 AMShares of HRT Participacoes em Petroleo (HRTPY.PK -14.4%) plunge after its CEO resigned unexpectedly Friday. The timing may ring some alarm bells, Tudor Pickering says, with earnings set to be reported tomorrow and two material well results due in the coming weeks. |Monday, May 132013, 10:51 AM| Comment!
We currently have no instablog posts on this stock.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.