|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||9.99 - 10.26|
|52-week range||7.55 - 14.98|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.03 (0.30%)|
|1y target est||12.60|
Jun.28 -- Lee Alstong, professor at Indiana University and author of "Brazil in Transition," and Mauricio Oreng, senior Brazil strategist at Rabobank, discuss the Brazilian real rand and the nation's government and economy under President Michel Temer. They speak on "Bloomberg Daybreak: Americas."
Brazil's state-controlled oil company Petróleo Brasileiro SA said that areas it operates adjacent to the Entorno de Sapinhoá block in the Santos basin are commercially viable, according to a securities ...
Short interest as a percentage of outstanding shares in Chevron (CVX) has fallen 0.1 percentage points since its beginning of the second quarter to its current level of 1.0%.
Short interest in Royal Dutch Shell (RDS.A), expressed as a percentage of outstanding shares, has fallen from 0.11% on June 6 to the current level of 0.09%. Usually, everything else being equal, a decline in short interest could indicate a decrease in bearish sentiment for a stock. Also, during this period of falling short interest, Shell’s stock price rose 0.5%.
SAO PAULO (AP) — Construction conglomerate Odebrecht has signed an agreement with two more Brazilian state bodies to settle cases related to a corruption scheme in which Odebrecht and others formed a de facto cartel to rig bids with state-run oil giant Petrobras and bribe officials.
Petroleo Brasileiro (PBR) is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
Dutch marine engineering group SBM Offshore (SBMO.AS) said on Thursday a Brazilian court had ordered Petrobras (PETR4.SA) to provisionally withhold some payments to SBM to ensure the Dutch company pays whatever penalties it may receive in a corruption case. SBM shares fell more than 8 percent in early Amsterdam trade, wiping out gains made on Wednesday, when it announced a new floating production vessel contract with Exxon Mobil (XOM.N). SBM said judges at the federal court in Rio de Janeiro asked Petrobras and SBM to submit further information before deciding a monthly amount to withhold from payments for work SBM does as a contractor for Petrobras.
Eike Batista, once Brazil’s richest man, has received a thirty year prison sentence for bribing the former government of Rio de Janeiro in order to win contracts to state construction projects
China National Petroleum Corp plans to help complete a refinery in Rio de Janeiro that already cost Brazil’s state-controlled oil company Petrobras $14 billion before it was halted amid a widespread graft investigation. CNPC, as the Chinese producer is known, signed a letter of intent adding the Comperj refinery to a partnership the two companies signed last year. The agreement also includes evaluating investments in some of Brazil’s largest legacy fields at the offshore Marlim cluster.
Brazil's state-run oil company Petroleo Brasileiro SA and China National Petroleum Corp (CNPC) took another step on Wednesday in negotiations that could give the Chinese their first refining capacity in the Americas. The companies announced in a Brazilian securities filing that they had signed a letter of intent advancing talks for a partnership to finish the Comperj refinery near Rio de Janeiro and a "participation" of CNPC in the offshore Marlim oil field. The joint announcement confirms an April report by Reuters that said the companies were working out a deal involving a CNPC investment at Comperj in exchange for a stake in the offshore Campos Basin and rights to use the refinery.
State-run Brazilian oil company Petroleo Brasileiro SA (Petrobras) said on Tuesday it was suspending major asset sales after a Supreme Court justice ruled that Congress must approval any privatizations. Petrobras said it would suspend the sale of certain refineries, its gas pipeline company Transportadora Associada de Gas (TAG) and the Araucaria fertilizer factory. Justice Ricardo Lewandowski said last week that the Brazilian Congress must approve any sales of publicly held shares in companies or their subsidiaries, casting doubt on planned divestitures by Petrobras as well as state utility Centrais Eletricas Brasileiras.
, says it will challenge the $622 million arbitration award chalked up Monday by Vantage Drilling International, a Houston-based offshore energy contractor that filed for bankruptcy in 2015 after Petrobras cut off a key contract amid a Brazilian corruption probe. Petrobras terminated the contract in 2015, weeks after indictments were handed down against several individuals for the alleged bribery of certain Petrobras executives and political officials in connection with the contract. Both companies have denied involvement in the alleged corruption, which was exposed as part of a sprawling investigation dubbed “Operation Car Wash,” a probe that produced charges against scores of people, and caught up other businesses and politicians as well as executives.
Investors need to pay close attention to Petroleo Brasileiro (PBR) stock based on the movements in the options market lately.
State-run Brazilian oil company Petroleo Brasileiro SA (Petrobras) said on Tuesday it was suspending some asset sales after a Supreme Court justice ruled that privatizations must be approved by Congress. While considering which legal actions to take, Petrobras said in a securities filing it would suspend the sale of refineries, gas pipeline company Transportadora Associada de Gas (TAG) and the Araucaria fertilizer factory. Justice Ricardo Lewandowski ruled last week that any sale of publicly held shares in state-controlled companies or their subsidiaries require congressional approval.
Vantage Drilling International said an international arbitration tribunal awarded the company $622.02 million in a dispute with Brazil’s Petróleo Brasileiro, or Petrobras, over a 2015 contract termination....
To conclude our series on the biggest movers in the refining and marketing sector and integrated energy sector, we’ll now look at Wall Street’s recommendations for the stocks. Of the three analysts covering World Fuel Services (INT) on June 27, one recommended “strong buy,” one recommended “hold,” and one recommended “sell.” Their median price target for INT was $32.50, which implies a ~59% upside to its June 27 closing price of $20.47.
In this part, we’ll look at how hedge funds are positioning themselves in the strongest stocks in the refining and marketing sector and integrated energy sector this week. In Q1 2018, 20 hedge funds were “buyers” (they created a new position or added to their existing position) of World Fuel Services (INT) stock, while 17 hedge funds were “sellers” (they closed their entire position or reduced their existing position).
In this part, we’ll look at the US integrated energy sector’s top gainers this week. Petrobras (PBR), the sector’s strongest stock, had risen ~3.7% as of June 27 from $9.43 to $9.78.
A Brazilian government plan to sell billions of dollars in national energy assets to reduce the country’s deficit has hit a series of roadblocks this week -- first from Congress and now from the Supreme Court. Two Supreme Court injunctions Wednesday and congressional delays on Tuesday have raised new hurdles to the privatization of state-run power company Eletrobras as well as for the planned sale next month of some of its troubled units. “This will probably be dragged on for the next government to deal with,” Pedro Galdi, an investment analyst with Mirae Asset Wealth Management, said in a phone interview from Sao Paulo after the congressional move Tuesday.
The Zacks Analyst Blog Highlights: Royal Dutch Shell, Baytex Energy, Petrobras, Schlumberger and Hess
RIO DE JANEIRO (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro (PETR4.SA) said on Tuesday its board has approved Rafael Salvador Grisolia to serve as chief financial officer, replacing ...