Petroleo Brasileiro S.A. - Petrobras (PBR)

[TurboStocks]

Still a battle on $PBR

[TurboStocks]

$PBR in big trouble again. Brazil and $PBR are a roach motel for investors.

[mauiguy2]

Seems like a very good buying opportunity.

[eFinanceMarkets]

Petrobras, Vale plunge as Brazil president reportedly discussed hush money

Petrobras (NYSE:PBR) -11% and Vale (NYSE:VALE) -7% AH following a report that Brazil's Pres. Temer was taped approving the payment of a bribe as part of the country's ongoing corruption probe.

The O Globo newspaper cites plea bargain testimony of a top businessman discussing with Temer a hush money payment to keep the jailed former House Speaker from testifying in the investigation.

[eFinanceMarkets]

Petrobras wins tax ruling from 2009, saving $1.6B

Petrobras (PBR +2.4%) moves higher after a Brazilian appeals panel late Friday made a final ruling in favor of the company and will allow it to deduct all production costs for oil and natural gas from its 2009 federal taxes.

In setting a final tax liability of 5.8B reais ($1.87B), the Administrative Board of Tax Appeals saved PBR more than 5B reais ($1.62B), based on tax data from the company's most recent quarterly financial report.

PBR also is enjoying continued momentum from last week’s report of
a $1.4B Q1 net profit, the company's largest in two years, that lifted shares by 5%.

[eFinanceMarkets]

Petrobras CEO sees debt falling below target by year-end 2018
Petrobras (PBR +1.8%) could cut debt below a target of 2.5x EBITDA by the end of next year if it maintains the current trend of debt reduction, CEO Pedro Parente says.
PBR's debt at the end of 2016 was 3.54x EBITDA, a sharp improvement over 2015 when the company finished the year at 5.11x EBITDA; its debt load of just under $100B ranks among the highest in the global oil industry.
Parente says the company's cash generation currently is at an "extraordinary level" and that the appreciation of the Brazilian real during the last four months has helped cut debt debt in dollar terms.
The CEO also says PBR's pre-salt fields have shown a productivity 30% above expectations, which has helped to reduce production costs.

[eFinanceMarkets]

Petrobras board extends CEO Parente's term by two years
Petrobras' (PBR -1.3%) board votes to extend CEO Pedro Parente's term for two years, until March 2019, beginning yesterday, when the board vote took place, and ending on March 26, 2019.
Parente took over last May following the resignation of predecessor Aldemir Bendine, and in Q4 the company cut debt by 20% and sharply lowered costs to offset weaker revenue; shares are up more than 60% since Parente took over.

[eFinanceMarkets]

Petrobras says injunction blocking sale of NTS gas unit overturned
Petrobras (PBR +0.9%) opens higher following news that an injunction blocking the sale of its gas pipeline unit Nova Transportadora do Sudeste to a group led by Brookfield Asset Management (BAM +0.7%) has been overturned.
The BAM-led group agreed to pay $5.2B for the NTS unit in September, but a Brazilian court suspended the sale last month on grounds that the sale was not sufficiently publicized to foster competition.

[quantoestoques]

much too common occurrence in Brasil

[eastunder]

How convenient. Scary.

[Wildbilly]

Brazil Judge Dies in Crash Ahead of Corruption Probe Ruling
- The New York Times

http://www.nytimes.com/aponline/2017/01/19/world/americas/ap-lt-brazil-plane-crash-supreme-court.html?_r=0

[MommaSaid]

Wow! Congrats to all that bought when others told you not too!

[johnydollar]

PBR is on fire.

[beambe]

GREEN

[Doggo]

Approaching the 52 week high, PBR is struggling to break $10. Setting up a short on anything over $10 would be a good play, riding it all the way down. Looking to take profit around $4 or so.

[sorkin]

Quiet in here.

Rally time soon

Bought shares

Bought cheap calls exp June 3

[beambe]

GREEN

[beambe]

RED

[T.I.N.A.]

stopped out @5.35, oh well

[T.I.N.A.]

I agree, re-entered short @5.38 with super tight stop as a DT, it's fighting here, i'll be surprised if it breaks 5.4. Daily chart showing three sell signals and almost two more....

[sorkin]

Back to sub $4

[T.I.N.A.]

stopped @5.35

[T.I.N.A.]

bot 5.28 daytrade with a super tight stop here

[JayCs]

Oil prices push higher amid reduced U.S. drilling activity http://m.investing.com/news/commodities-news/oil-prices-push-higher-amid-reduced-u.s.-drilling-activity-392089

[sorkin]

Should cross $6

[GuTA]

Have 4/15 5.5p options here. Hoping earnings release gets sold off tomorrow.

[robsdaman]

Epic rise in the last 8-10 trading days for this stock. If earnings report tomorrow shows any weakness at all all those new buyers will panic sell their shares to get out. Big debt, political turmoil, largest customer is China. Much to be concerned with

[GuTA]

This is a turd with huge issues.. What could possibly have it up 12% today with nothing but bad news around and relatively light volume

[beambe]

GREEN

[JayCs]

Oil market rally could 'rip people's faces off . http://finance.yahoo.com/news/oil-market-rally-could-rip-053746152.html

[beambe]

GREEN

[sorkin]

More slide of commodities tomorrow. Margin call related sell off Thursday and Friday .

[JayCs]

When? Do you have any data? Or is it just a hunch ?

[sorkin]

Oil slide will start soon

[JayCs]

NYMEX crude gains strongly in Asia on production deal focus http://m.investing.com/news/commodities-news/nymex-crude-gains-strongly-in-asia-on-production-deal-focus-388279

[legalizeMJ]

That is NOT the right answer, either!

$ PBR

[sorkin]

May touch $6 and die down

[nyctraydr]

Former Brazilian President Taken In For Questioning Over Petroleo Brasileiro SA Petrobras

http://marketexclusive.com/petroleo-brasileiro-sa-petrobras-adr-nysepbr-former-brazilian-president-taken-in-custody-for-questioning/3792/

[JayCs]

Nice run past two days. Market is looking strong. We should see PBR rally for few more days on renewed optimism. Followed by a pull back on profit taking. My guess is we will reach low 6's by end of March barring any neg OPEC news

[Timothy Smith]

Petrobras (NYSE:PBR) +5.1% AH on news it has secured a $10B loan from the China Development Bank as part of deal to supply crude oil to the country.

[eastunder]

Brazil's Stocks Rally as China Outlook Lifts Commodity Producers


Updated on February 22, 2016 — 10:35 AM MST

http://www.bloomberg.com/news/articles/2016-02-22/vale-leads-brazil-stock-rally-as-china-demand-outlook-improves

Brazil’s stock index posted the world’s biggest gain as iron-ore miner Vale SA rose to a seven-week high amid speculation demand from China will rebound.

Eight of the Ibovespa’s 10 best performers were tied to the industry for raw materials after a rally in China, Brazil’s biggest trade partner, spread to commodities and emerging markets worldwide. Petroleo Brasileiro SA, the state-controlled oil producer known as Petrobras, posted the biggest rally, following crude higher.

Investors also welcomed news that a sweeping corruption scandal that started at Petrobras appears to be drawing ever closer to President Dilma Rousseff. Federal police on Monday started a new phase of the investigation known as Carwash, sparking renewed bets the president will be impeached. While investors in the past have been split about whether a change in government would be positive or negative for markets and the economy, many Brazil watchers now think it could unlock the political gridlock in Brasilia that has hindered efforts to close a budget deficit.

"The day has been very positive in the world, with diminished risk-aversion," Pedro Paulo Silveira, chief economist at the brokerage Nova Futura, said from Sao Paulo. "Speculation that the federal police investigation could lead to the ouster of Rousseff is also making investors optimistic."

Monday’s raid included the apartment of Joao Santana, the media strategist behind the presidential campaigns of President Dilma Rousseff and former President Luiz Inacio Lula da Silva, according to reports from the country’s major newspapers.

The Ibovespa climbed 3.4 percent to 42,949.82 at 2:19 p.m. in Sao Paulo, the highest level on a closing basis since Dec. 30 as all but four of the gauge’s 61 stocks advanced. Vale’s common stock jumped 9.4 percent. Petrobras’s voting stock surged 11 percent, its biggest one-day advance since Nov. 3.

BM&FBovespa SA gained 5.9 percent after boosting an offer to buy clearinghouse CETIP SA - Mercados Organizados. The exchange operator said in a Feb. 19 filing that it is willing to pay 41 reais per share to take over Cetip, after initially offering 39 reais. Cetip dropped 0.8 percent.

[beambe]

VOLUME

[beambe]

Short Interest-$-$-$-

[beambe]

oh my God - the Stock is unstoppable

[beambe]

VOLUME

[beambe]

oh may God
.
http://www.onvista.de/rohstoffe/Oelpreis-Brent-26262975#TopStocks

[beambe]

it is to be expected with a strong volume at the end of trading

[beambe]

close GREEN ?

[beambe]

PBR adheres damn good

[beambe]

http://www.nasdaq.com/symbol/pbr/after-hours