Re: APBR (ord) APBRA (pref) Petrobras Brasil
Publicado: Mié Jul 13, 2016 10:32 am
The Country Caller takes a look at why the Petrobras stock was down in pre-market trading today
Published By: Myrna Salomon on July 13, 2016 08:57 am EST
Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) the Brazilian state run company’s stock received a blow on Wednesday as it became a victim of yet another downgrade. Analyst Paul Cheng from Barclays added to the stock’s miseries by downgrading the stock.
The main dilemma for Petrobras could be that the downgrade came following a positive rating assigned to US’s integrated oil and gas sector. While Petrobras’s rating was cut to ‘Underperfrom’ the outlook for the US integrated oil and gas company turned positive.
If we closely assess the global energy markets we see that there is a glimmer of hope among the oil and gas investors. This hope comes amid a recovery of oil prices which had stooped to their 11 year lows at the start of this year. Following this robust rebound, analysts are now expecting markets to balance soon as well and prices to rise further in the long-term.
Although crude oil prices in the last three days have so have taken a bump many believe it to be temporary. The West Texas Intermediate (WTI) the benchmark used for the US crude oil was down 1.28% at $46.20 while Brent was down 1.59% at $47.70 per barrel.
For this exact reason Mr. Cheng from Barclays is optimistic on the American oil and gas industry and assigns a positive rating. The energy stocks listed in the US stock exchange over the past few months have also remained quite stable.
Mr. Cheng, in a research report to clients regarding the future of oil prices said that: “The global oil market is currently in the "midst of a continued upward trajectory" in which Brent could average $85 by Q4 of 2017 and $80-$90 between 2018 and 2021.”
Petrobras, on the other hand, cannot be compared to the US integrated oil and gas sector as it has troubles of its own. The company in 2014 was webbed in a corruption scandal whose investigations are still underway. Most major Brazilian companies find themselves entangled in the scandal which has resulted in a weak Brazilian economy.
The stock was down 0.99% at $8.
Published By: Myrna Salomon on July 13, 2016 08:57 am EST
Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) the Brazilian state run company’s stock received a blow on Wednesday as it became a victim of yet another downgrade. Analyst Paul Cheng from Barclays added to the stock’s miseries by downgrading the stock.
The main dilemma for Petrobras could be that the downgrade came following a positive rating assigned to US’s integrated oil and gas sector. While Petrobras’s rating was cut to ‘Underperfrom’ the outlook for the US integrated oil and gas company turned positive.
If we closely assess the global energy markets we see that there is a glimmer of hope among the oil and gas investors. This hope comes amid a recovery of oil prices which had stooped to their 11 year lows at the start of this year. Following this robust rebound, analysts are now expecting markets to balance soon as well and prices to rise further in the long-term.
Although crude oil prices in the last three days have so have taken a bump many believe it to be temporary. The West Texas Intermediate (WTI) the benchmark used for the US crude oil was down 1.28% at $46.20 while Brent was down 1.59% at $47.70 per barrel.
For this exact reason Mr. Cheng from Barclays is optimistic on the American oil and gas industry and assigns a positive rating. The energy stocks listed in the US stock exchange over the past few months have also remained quite stable.
Mr. Cheng, in a research report to clients regarding the future of oil prices said that: “The global oil market is currently in the "midst of a continued upward trajectory" in which Brent could average $85 by Q4 of 2017 and $80-$90 between 2018 and 2021.”
Petrobras, on the other hand, cannot be compared to the US integrated oil and gas sector as it has troubles of its own. The company in 2014 was webbed in a corruption scandal whose investigations are still underway. Most major Brazilian companies find themselves entangled in the scandal which has resulted in a weak Brazilian economy.
The stock was down 0.99% at $8.
....HABRA TOCADO FONDO LA BANCA ITALIANA Y DB?