HRT Participacoes em Petroleo SA (HRTP) made its debut on the TSX Venture in 2011 after the Brazilian company bought Calgary-based Universal Energy and its offshore assets in Namibia. HRTP expects to start offshore African drilling early next year. Following results from HRT-8 well in August, the stock has rallied 40 per cent. This month, filing activity by Peter O’Brien, an HRTP director, caught our attention. Between Nov. 14 and 15, he bought two million shares in the public market.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
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