Shares at Brazilian independent oil and gas developer HRT oscillated heavily on Monday and closed in a 9.69% high, after investment bank BTG Pactual acquired a 2% stake directly at the São Paulo Stock Exchange. It is unclear whether a single buyer or a group of buyers is behind the move. In the afternoon, a rumor had that the government of northern Amazonas state would help HRT monetizing the gas at the Solimões Basin.
HRT chief executive Márcio Melo said last week that the company would present a monetization plan late in the year, and it would be able to ink its first natural gas contracts in 2013.