APBR (ord) APBRA (pref) Petrobras Brasil

[tordosoy]

Hoy otro dia
Me tiene tan podrido.....

No vendiste nada llegando a 6? Ojo que esta retoma el testeo a minimos

[el_intrepido]

Hoy es uno de esos días donde hay que esperar que pasen las malas noticias...


Brazil Economic Outlook Has Negative Trend, Fitch Says
Ratings firm says the country has mediocre investment level, which isn’t helping GDP
SÃO PAULO—Brazil’s turbulent political situation and the government’s weak finances will be closely examined by Fitch when the ratings company makes its next decision regarding the South American country’s sovereign debt rating, Rafael Guedes, director of Fitch Ratings in Brazil, said Thursday.

Fitch currently has Brazil at two notches above junk status, with a negative outlook. Brazil’s foreign accounts and its currency reserves are in better shape than its peers at that level, but the government’s financial situation is worse, Mr. Guedes said.

The trend for Brazil’s economy isn’t good, and Fitch’s negative outlook means there’s a 50% chance of a downgrade to the country’s rating in the next few years, Mr. Guedes said at a conference.

“We have a very challenging situation,” he said.

Fitch doesn’t normally downgrade by two notches, he added. One problem Mr. Guedes pointed to was the relatively low level of investment in the country, which he said isn’t helping economic growth.

President Dilma Rousseff’s government has been trying to get a package of austerity measures, intended to reduce the budget deficit, passed in Congress for months. Low approval ratings for her government amid a corruption scandal at state-controlled oil company Petróleo Brasileiro SA have sapped the president’s influence with legislators and halted the progress of the unpopular tax increases and spending cuts.

“What’s important is to know that the government is attacking the problems, and that appears to be happening,” Mr. Guedes said. “The problem is that nothing is being passed by Congress.”

Ms. Rousseff hasn’t been implicated in the Petrobras scandal, but she has faced calls for her impeachment over fiscal maneuvers her government carried out last year and which her critics say are unconstitutional.

An impeachment isn’t part of Fitch’s base scenario for Brazil, though the rating company generally considers impeachments to be negative because they generate instability, Mr. Guedes said.
http://www.wsj.com/articles/brazil-econ ... 1444916606

[raiden]

lindo para la loteria....

[AdrRosario]

http://www.investidorpetrobras.com.br/e ... a-de-libra

Noticias de Petrobras del dia de Hoy...

[NeoRevolution]

hoy me voy a forrar en lotes de la carioca

[visionario]

Se rompe toda hoy !!!!

[mr_osiris]

Ya la encanaron a la gorda corrupta.... ?

[the ultimate]

Hoy otro dia
Me tiene tan podrido.....

Y la tipica... alguna noticia de la empresa, o si no es el crudo, o si no el real... se vive para sufrir de corto plazo con esta. Lo peor es que si cae de u$ 4.90 ahi si que le veo poca vida de corto plazo, encima hay que ver si la baja del crudo ahora ya esta o no descontando el dato de reservas semanal de las 11.30hs.

[el_intrepido]

Will The Rally In Petrobras Brasileiro SA – Petrobras (ADR) (PBR) Continue Or It Is Short Lived?
Petrobras Brasileiro SA – Petrobras (ADR) (NYSE:PBR) shares witnessed about 20% gain last week triggering fresh interest in the stock due to increasing oil prices. However, there remained a question whether it was a short-lived one or can continue, which means whether there were any fresh catalysts to support the rally. In the current week, the trend reversed to drag the stock to the negative territory. While it is quite possible that the buyers of last week might have resorted to selling this week, the fact is that there are no positive catalysts to continue the rally. There was also some bad news in respect of the corruption charges involving the company. None-the-less, let’s see whether the rally can continue or is a short lived one.
Losses To Exceed Significantly

One of the significant negative catalysts is the projection of a wider loss than expected by Petrobras Brasileiro SA – Petrobras (ADR) (NYSE:PBR) in April. Reuters report indicated that the company might suffer losses well beyond 6.2 billion reais in April. However, the State-managed energy giant’s losses could exceed 20 billion reais or $5.3 billion. The company was caught on the wrong side with its officials involvement in the alleged corruption scandal. In April, the company had taken a loss of over 44 billion reais in assets in a delayed earnings report. That was due to weak oil prices, as well as currency.

Petrobras Brasileiro SA – Petrobras (ADR) (NYSE:PBR)’s write-downs at refineries were linked with the presently ongoing Operation Carwash or Lava Jato scandal. In the last more than a year, the company suffered a lot due to the weakening global oil prices. The company had high ambition of becoming the world’s biggest oil company. However, the hope has been shattered with the continued downtick in the global oil prices. As the hopes of the oil prices turning the cards back are proving to be futile, the company had no alternative but to reduce its capital expenditures by nearly 40%. Currently, the oil giant seems to be facing multiple issues that would directly impact the results of the company.

Poised To Dump Several Oil Rigs

The Brazil-based Petrobras Brasileiro SA – Petrobras (ADR) (NYSE:PBR) is now on the verge of dumping several oil rigs. That would directly impact a number of drilling companies in the United States. Jefferies Oilfield Services analyst, Eduardo Royes, pointed out a trade publication and noted the future contracts are the silver lining that offset some of the cuts. The analyst believes that the company is close to finalizing an agreement to allow as many as 9 – 10 rigs earlier than expected. However, the important aspect of the decision is that it would mostly be applicable to rigs, which have already been declared as dead or left.

The second aspect is that it appears to come in return for the backlog of rights that Petrobras Brasileiro SA – Petrobras (ADR) (NYSE:PBR) wants to retain. Aside from these things, the company also appears to be interested in negotiating additional traditional blend, as well as extended contracts. The possible deals would be likely to be positive at least modestly for the offshore drilling industry. In addition, backlog term would prove to be a positive one for the company. Jefferies also expects a modest negative-to-neutral impact on other rig companies. It only appears that the company has come close to doing something at least now. It should have taken the decision to dump some rigs long ago and should have decided which rights it wants to retain for the long-term and trim down the unwanted rights at least in the near-term. The backlog contracts might help to some extent accelerate attrition and help outer year S/D. Jefferies analyst thinks that if it can help the company’s demand, which could another silver lining.

Involved In Scandals

The entire region of Brazil is groped with corruption and scandal charges involving the government-controlled companies and officials from the government. There were also an allegation of corruption against the political leaders, whether ruling or the opposition parties. Petrobras Brasileiro SA – Petrobras (ADR) (NYSE:PBR) is also caught in the political uncertainty or the corruption or scandal charges. Its officials were also allegedly involved in the scandal thus impacting its financial numbers.

The notable charges are that Brazilian President, Dilma Rousseff’s, ruling coalition members were accused of conspiracy involving the directors, as well as contracts of Petrobras Brasileiro SA – Petrobras (ADR) (NYSE:PBR). The objective was to extort kickbacks, as well as bribes. The multiple issues, like the sinking economic growth, as well as the level of corruption, have dragged down the popularity of the current government and the president to a record low. Therefore, an impeachment of the President cannot be ruled out. The head of the lower house, Eduardo Cunha, were also reportedly involved in corruption scandal though he denied any wrongdoing. He has allegedly received kickbacks through an account in a Swiss bank despite his denial.

Conclusion

There are no favorable catalysts as far as Petrobras Brasileiro SA – Petrobras (ADR) (NYSE:PBR) is concerned. The available information suggests that there is little that the company could gain by dumping its oil rigs. On the oil pricing front, there is nothing significant happening. Similarly, there is a threat of further budget cut if the oil price continued to be sluggish. The government is also probing the company’s and its officials’ role in the recent bribery, as well as kickbacks scandal that is rocking the nation. Therefore, the recent share price is due to the overall market sentiments towards oil companies and nothing to warrant a continued rally. The company should first get itself cleared of the scandals.

Disclaimer: The opinions and data expressed herein by the author are not an investment recommendation and are not meant to be relied upon in investment decisions. The author is not acting in an investment advisory capacity, nor is this an investment research report. The author’s opinions expressed herein address only select aspects of potential investment in securities of the company or companies mentioned and cannot be a substitute for comprehensive investment analysis. Any analysis presented herein is illustrative in nature, limited in scope, based on an incomplete set of information, and has limitations to its accuracy. The author recommends that potential and existing investors conduct thorough investment research of their own, including detailed review of the companies’ SEC filings, and consult a qualified investment advisor. The information upon which this material is based was obtained from sources believed to be reliable, but has not been independently verified. Therefore, the author cannot guarantee its accuracy. Any opinions or estimates constitute the author’s best judgment as of the date of publication, and are subject to change without notice.

http://investcorrectly.com/20151015/wil ... ort-lived/

[jabalina]

Recién salía en Bloomberg "Petrobras solicita interrumpir venta local de bonos", qué interpretación le dan a eso?

Parece que al mercado no le gustoen el pre comenzo a bajar y rapido.

[dneop]

Hoy otro dia
Me tiene tan podrido.....

[el_intrepido]

Petrobras suspende oferta de R$ 3 bi em debêntures por 'cenário adverso
http://www1.folha.uol.com.br/mercado/20 ... erso.shtml

Petrobras pedirá interrupção de análise de oferta de debêntures de R$3 bi
http://br.reuters.com/article/topNews/i ... F620151015

[eduechaniz]

Recién salía en Bloomberg "Petrobras solicita interrumpir venta local de bonos", qué interpretación le dan a eso?

[JMDC]

Cordobes, estoy en ERAR, aunque mi unico objetivo el año entrante seran electricas creo yo, por las expectativas de un cambio tarifario (al margen de la quita de subsidios)

Para entrar esperas corrección post elecciones ? A mi no me gusta comprar pampa y edn después de la suba que tuvieron 2013 en adelante. ...al menos sin una corrección. .igual edn no la compro ni ahí jaja

en realidad me gusta tran por los precios, pero en si quiero esperar a que se hable formalmente del tema, de ultima pagare peaje!

[NeoRevolution]

Como me equivoque con la cotizacion del precio del crudo.
Mi opinion era que pasabamos los 50 dolares como si nada.
Lo siento,pido disculpas.
Saludos para todos.

Para mí le falta poco