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Petróleo Brasileiro S.A. - Petrobras (PBR-A)
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I believe this is why the price is tanking today. (
) But I believe it is a short term noise.
Drop due to two things at least - President wants to privatize and also solve diesel price issue. Secondly, now that they settled with the SEC on the Carwash issue, investors can now sue the Company regarding that settlement in Dutch courts, so there's new litigation. At the same time, fuel prices at all time highs and they are increasing production to 90% per SEC filing today. A lot of mixed signals, and uncertainty, so the price drops.
Wait for the dividend and eps will smash it oil $100 they will earn. PBR $14 very soon!
Wall just bough 52k option contracts for 11 next week
interesting filing with sec today..orders for gasoline and diesel for November off the charts..are unable to meet demand as refinery utilization at 90% now compared to last year 3q util at 70%..but they are doing everything they can to increase...also drought conditions persist in Brazil..q2 was very good to pbr given increase demand to supply mothballed fossil fuel plant reopening
I am very tempted to sell. At the point in which I do, it will magically go to news highs and you all can thank me....
Instead of following the Price of Oil, PBR follows the bovespa......This stock is a puzzle.
Question has to be asked, is Brazil unloading its shares open market?
I am going to see what happens with earnings this time around. if the dividend is increased or the earnings cause the stock price to go up I will stick around, but if we are going to still be sitting under $11, Then, there are better places to park my money. This is awful, Brent now over $84.
Petrobras reports that it will release its 3Q21 Production and Sales Report on October 20, 2021 and its 3Q21 Financial Performance Report on October 28, 2021, both after the markets close.
On October 29, 2021 two webcasts will be held, the first in Portuguese and the second in English, to present the company's results for the third quarter of 2021.
Petrobras will use the Microsoft Teams tool (link below) for the event.
October 29, 2021 (Friday)
Webcast - Portuguese
Webcast - English
10:00 a.m (Brasília)
11:30 a.m (Brasília)
9:00 a.m (New York)
10:30 a.m (New York)
2:00 p.m (London)
Click here for the access link
3:30 p.m (London)
Click here for the access link
When accessing the link, choose the option "Join as a Guest".
Maybe we should compare PBR to the DJIA and not other Oil companies......
yesterday: PBR gained 1.46% while DJIA gained 1.09%
Petrobras Brasileiro (PBR)
Brokerage Firm: HSBC Securities | Action: Downgrade | Ratings Change: Buy » Hold | Price Tgt: $12
Well at least the sellers today are not getting $11/shr........That's OK with me.
Been thinking about the inability of this tremendously profitable stock-PBR- to advance in price…..
I heard an analyst remark that big investors (banks, trading houses, other institutions) are interested, what seemed to me to be in two instances, when 100 million dollars either moved a stock or did Not move a stock.
Example: when 100M can move a stock, big institutions, with their multi billion dollar assets, do just that; move the stock- up or down. This is somewhat dependent on the market capitalization of the company, too.
In the second instance an example would be if 100M has a hard time, or cannot move the stock, these large players invest the $ and let it ride until valuations they perceive as full are achieved, at which point they sell.
Petrobras seems to be of a market cap attractive to big money players as an example of the former.
I think others on this board have pretty much said the same thing as this line of thinking implies, the full implications of which have eluded me.
Further, it seems they are working a range, and others with $ can hop aboard and join in. The danger, of course, is that at some point the trading activity ceases and outright buy and hold dominates.
…and personally, I still believe the value of the $/real will go hand in hand with the buy and hold scenario.
HSBC analyst either is woke or calling a top in oil ... both buy signals imo. PBR is operating like a prized fighter in this environment. Reducing its breakeven markedly with energy prices soaring is reason to buy with impunity imo.
Dividend policy is the problem for the stock price. The actual dividend this year and probably next is and will be phenomenal. Thing is they need to announce a policy like some minimum fixed dividend with a variable upside. Would get more institutions interested I think. Serious debt drawdowns would make this very possible to the extent of paying a decent dividend even at $60 oil.
USA Rig count is at 455 here in middle of October compared to 855 in mid October of 2019........USA oil companies have finally grown a brain.
At what price does oil have to go to, to prove PBR is an oil company?
Just noise..... Oil is going well over $100/barrel
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