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LouisDesyjr

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LouisDesyjr

Re: lecorb post# 1594

Saturday, 09/26/2015 9:14:23 AM

Saturday, September 26, 2015 9:14:23 AM

Post# of 1749
Why does a lower Brazil currency hurt PBR?

I would normally expect that with oil prices in USD, and their labor costs mostly in Brazil reals, that the company should see some benefit as the labor costs decline in USD terms, instead the company seems to be getting worse.

Does anyone have an explanation for this?

Louis J. Desy Jr.
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