Foro de Rava Bursátil

se tiran de cabeza en el adr...con algunos rebotines va camino a los 3...

[quote="dragon"][/quote]

No, sólo para informarme, saludos.

Bruno24 escribió:Me pueden decir por favor cual es el mínimo en la local en esta acción? en los ultimos dos años, gracias

creo q 24

Arranca la caída libre...

Me pueden decir por favor cual es el mínimo en la local en esta acción? en los ultimos dos años, gracias

Pa mi que hasta por acá podría ser 3,50 me gusta, puede fallar

.

En 3,5 debería encontrar un soporte , veremos si logra dejar un martillo

Deutsche Bank

Petrobras {Ticker: PETR3.SA, Closing Price: 7.58 BRL, Target Price: 4.90 BRL, Recommendation: Sell}


Petrobras announced adjustments to its 2015-2019 business plan today

Aggregate 2015-2019 capex is cut 25% to $98bn vs the outdated June 2015 plan, but in line with our current estimate ($99bn). 2016 capex guidance is actually marginally increased to $20bn (vs our estimate and previous guidance of $19bn) but represents a 13% YoY reduction. Compared to its June 2015 plans, the company explained the adjustments by a $21bn “portfolio optimisation” (reduction in activities) and an $11bn exchange rate effect.

Output targets revised downwards; but 2020 target remains ambitious

Petrobras reported actual 2015 core oil production in Brazil was 2,128kbpd (up 4.6% YoY and 0.4% above our forecast), while its 2016 target was reduced 1.8% to 2,145kbpd (1.5% below our forecast) which would represent a YoY growth of 0.8%. 2020 target was reduced 3.6% to an optimistic 2.7mnbpd. We continue to believe that the company’s capex profile is incompatible with such production growth; our estimate of Petrobras’s domestic oil production in 2020 remains at 2.2mnbpd, 19% below the company’s updated target.

Equity value creation is not visible
Petrobras announced that adjustments to the business plan “are designed to preserve the fundamental objectives of deleveraging and the generation of value for shareholders”. We estimate that the achievement of both targets depend on the company’s reaching its $14.4bn disposal objective for 2016, which is hard to visualize given the commodity backdrop. Pre-disposals, we estimate the company’s 2016 funding needs at $16bn (at the strip) and YE 2016 Net Debt/EBITDA ratio of 5.5, an increase on our YE 2015 estimate of 5.4. This ratio would decline to 4.8 if disposals do happen, but FCF to equity would remain firmly negative at $5.8bn. We estimate Petrobras requires a break-even oil price of $65/bbl to start generating positive FCF to equity.

nunca pego una este compa, pero realmente hay que sacarse el sombrero en esta, cuando lo dijo todos deciamos que era un delirio...que era imposible.

hay que sacarla del merval.

y donde estoy festejando?

la carita es de locura. El CCL con bonos esta abjao de 14

Gaston89 escribió:14.50 el CCL aca.

Y QUE MIERD4 festejas?

dragon escribió:Le pusieron el target 2 dólares no es joda

compa no viene hablando de los $2 hace más de un año? (si no era $2 era por ahí)

Le pusieron el target 2 dólares no es joda