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I'm up 1200% up
but now i will go back to sleep for another 6 months for this baby to beat yet another hart beat.
B
Did some low numbers
Assuming 20% maint
oil at $100
100000BPD
Staff flights, pay ect
This new platform should make PBR 1 to 1.5bil US once connected
So will it pay off and return money to share holders....
I think that's a yes! Looks to me like it might pay for itself in one year. not to bad.
Into the sand it slowly goes
Here is the 12mil
It's part of the disposal of AIB's 70.36% stake in Bank Zachodni WBK S.A.
AIB - conversion of convertible non-voting shares
* Reuters is not responsible for the content in this press release.
Fri Apr 8, 2011 12:54pm EDT
Allied Irish Banks, p.l.c. ("AIB") [NYSE:AIB] announces that following its announcement of 1st April 2011 confirming completion of the disposal of AIB's 70.36% stake in Bank Zachodni WBK S.A. ("BZWBK") to Banco Santander S.A. and the sale of its 50% stake in BZ WBK AIB Asset Management S.A, AIB has received a conversion notice from the National Pensions Reserve Fund Commission ("NPRFC") requiring AIB to convert into ordinary shares the 10,489,899,564 convertible non-voting shares ("CNV shares") issued to the NPRFC in connection with the December 2010 €3.7 billion (net of expenses) investment by the NPRFC in AIB.
As announced on 23 December 2010, the CNV shares were issued to facilitate the disposal of AIB's interests in BZWBK and the conversion of the CNV shares into ordinary shares on a one-for-one basis will result in the NPRFC increasing its shareholding of ordinary shares from 49.9% to 92.8% of the ordinary shares of AIB, representing 11,366,120,185 ordinary shares. Following the conversion, AIB will have a total number of 12,245,852,712 ordinary shares in issue.
Love these guys!
www.marketintelligencecenter.com
Market Intelligence my ass! lol
Ford Motor (F) Showing Bearish Technicals With Support At $14.67
Posted: Monday, April 04, 2011 8:49 AM EDT
Ford Motor (NYSE:F) closed Friday's choppy trading session at $15.16. In the past year, the stock has hit a 52-week low of $9.75 and 52-week high of $18.97. Ford Motor stock has been showing support around $14.67 and resistance in the $15.67 range. Technical indicators for the stock are Bearish and S&P gives F a positive 4 STARS (out of 5) buy rating. For a hedged play on this stock, look at the Sep '11 $15.00 covered call for a net debit in the $13.73 area. That is also the break-even stock price for this trade. This covered call has a duration of 166 days, provides 9.43% downside protection and an assigned return rate of 9.25% for an annualized return rate of 20.34% (for comparison purposes only). A lower-cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the F Jan '12 $12.50 call and selling the Sep '11 $15.00 call for a total debit of $2.02. The trade has a lifespan of 166 days and would provide 4.22% downside protection and an assigned return rate of 23.76% for an annualized return rate of 52% (for comparison purposes only). Ford Motor does not pay dividends at this time. [ATU-Seven Summits Research]
Whooo Hoooo
Allied Irish Banks PLC’s /quotes/comstock/13*!aib/quotes/nls/aib (AIB 2.82, +0.42, +17.50%) U.S.-listed shares gained 15% a day after Ireland said it would restructure its banking sector, leaving Allied Irish Banks and Bank of Ireland /quotes/comstock/13*!ire (IRE 1.75, 0.00, 0.00%) as the country’s two major banks.
Whooo Hoooo
Allied Irish Banks PLC’s /quotes/comstock/13*!aib/quotes/nls/aib (AIB 2.82, +0.42, +17.50%) U.S.-listed shares gained 15% a day after Ireland said it would restructure its banking sector, leaving Allied Irish Banks and Bank of Ireland /quotes/comstock/13*!ire (IRE 1.75, 0.00, 0.00%) as the country’s two major banks.
Interesting
http://www.benzinga.com/trading-ideas/small-cap/11/03/934676/top-4-small-cap-stocks-in-the-financial-sector-with-the-highest
Allied Irish Banks plc (NYSE: AIB) had $7.09 billion in total cash and $87.80 billion in total debt for the latest quarter.
1999 S1Buell WL
lol
crazy bike!
Yes I see it in my account. and up 900% lol
PYHH
here's one for you
0.250
+0.240 (2,400.00%)
Delayed: 10:22AM EST
OTC data delayed by 15 mins - Disclaimer
Currency in USD
too funny!
PBR
I live here in Brasil. Last time in RIO there was only one platform in for repairs the port is empty!
Their building a big building here in Vitoria and have brought 7-8 helicopters to the local airpot.
They are busy that's for sure.
bullshit and lies
that's what the market runs on lol
And......
We drop a $1
lol
Crap Stock
shit one way right down!
Gap again lol
when do they report? 25-28?
Shit almost dropped my coffee!
1/5 spit! I seen the 400% and was like.....WHAT then I remembered the split P/R
I wonder what this will make the stock do now. I wonder if it will retreat or investors will be happy the treat of being de-listed is gone
Ok Dad
Here's the link it's from an Ireland news site.
http://www.finfacts.ie/irishfinancenews/article_1021479.shtml
Sorry I did not get back sooner to much to do on the weekend.
Allied Irish Banks: Today, AIB, which was formed in 1966, through a merger of the Provincial Bank of Ireland, Royal Bank of Ireland, and Munster & Leinster Bank and reported its first loss in respect of 2009, will be delisted from the main market of the Irish Stock Exchange.
It will also delist from the New York and London Stock Exchanges.
In Dublin, AIB moves to the small companies section and from a value of €24bn at the height of the bubble, the once proud European bank, closed in Dublin on Monday with a value of €28m, with a share price of just over 26 cent.
The State will own about 92% of AIB following completion of further capital injections.The High Court ordered the delisting in December when the Minister for Finance used new emergency banking powers to inject €3.7bn in to the bank from the National Pension Reserve Fund.
Goodbody's Eamonn Hughes commented today: "AIB last night indicated it had received €2bn of acceptances for its €3.9bn lower tier 2 liability management exercise. The transaction (at 30c) will generate €1.4bn of core tier 1 gains for the bank and eat into the outstanding €6.1bn of core tier 1 capital required to be raised by the bank after the last capital assessment by the Financial Regulator.
Shares
DUBLIN, IRELAND--(Marketwire - 01/25/11) - As previously announced on 23rd December 2010, Allied Irish Banks, p.l.c. ("AIB") (NYSE:AIB - News) will cease trading on the Main Securities Market (MSM) of the Irish Stock Exchange and the London Stock Exchange and will instead be listed on the Enterprise Securities Market (ESM) of the Irish Stock Exchange prior to market opening on 26th January 2011.
The proposed move to the ESM should not impact shareholders' ability to buy or sell shares. Shares trading on the ESM can be bought or sold through the normal channels, including a wide range of brokers and there will be no delay in terms of trading days between delisting from the MSM and relisting on the ESM. Shareholders will continue to be able to view the latest AIB share price, including on the AIB website.
Spike
Love the footnote!!! Made my morning
"I am stupid, do not pay attention to me or my posts...do not make buying or selling decisions based on my banter at all ...I am a negative person by nature and at best an amature investor. Hope everybody makes money here. "
Happy x-mass & new year
Hey is it just me or have you guys also took note of the charts... It's the first time we have set a higher low. hemmmmm maybe new year things might get better.
I see 7 or 8 PBR helicopters now here in Victoria Brazil. The activity is defiantly going on.
Platforms floating around everywhere, both in RIO and Vitoria. I'm thinking some are new and some are in for repair.
This is what we need!
BANGKOK (AP) -- Oil prices jumped above $88 a barrel in Asia on Thursday, boosted by news that U.S. crude and gasoline stockpiles declined last week in a sign of improving demand for fuel.
Benchmark oil for December delivery was up 59 cents at $88.40 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract added $1.09 to settle to $87.81 on Wednesday.
What do you think 34.39 or 35.03
NEW YORK (Market Intellisearch) -- The stock price of Petroleo Brasileiro crossed above the 50-day moving average on lighter than usual volume. The crossing of the stock price above the 50-day moving average may signal the beginning of a bullish trend.
It is also important to note that shares of PBR rose $0.54(+1.58%) to $34.81 in today's trading session. PBR traded between the range of $34.20 - $34.84. Today's trading activities for Petroleo Brasileiro stock may be a sign that the shares will continue to head higher in the foreseeable future assuming the moving average has upward slope.
Other relevant figures to examine are the support and resistance levels. Based on the pivot points, the current support and resistance levels for Petroleo Brasileiro are 34.39 and 35.03 respectively. If the resistance point price is broken in an upward movement, then the bullish trend is likely to continue and vice versa.
More nice news
This I didn't know about. This news could get things moving a little
The first production from the Cascade and Chinook fields in the Gulf of Mexico by Brazil's state-owned oil giant Petrobras (NYSE:PBR) is set to launch sometime near the end of 2010.
however we still need inventories to drop before we really starts to move.
Nice news
News that Brazil's Petrobras (PBR) has found a "large accumulation" of light oil in another offshore well could be the catalyst traders need to drive the stock -- and the Bovespa -- higher. PBR says that that the Barra exploration well contains more oil than the now-mature Guaricema and Dourado fields and, if anything, resembles the blockbuster 80 billion-barrel Campos field in terms of quality.
I posted a bunch
Of oil prices for 2011 last week have a look
Bad News
Energy stocks were among the biggest drags on the stock market, after weekly oil-inventory numbers showed U.S. stockpiles of crude oil rising by five million barrels. Exxon Mobil dropped 1.7% and Chevron fell 1.4% as crude-oil prices fell.
Nice News
* Wellhead 2,341 meters under ocean surface
* Well about 58km from coast of Sergipe (Adds company statement, details)
SAO PAULO Oct 27 (Reuters) - Brazil's state-run oil company Petrobras (PETR4.SA)(PBR.N) said on Wednesday that drilling off the coast of Sergipe state in the northeast turned up signs of a large deposit of light oil.
I’m not sure it’s a start. The stock was oversold and the Brazil Gov agreed not to devalue their currency. On top of this the Euro also jumped. Let’s face it all energy stocks will sit on the back burner until the economy ticks up and oil reserves drop. The start will come after oil reserves drop two months in a row.
Bounce
I have a report from Brazil
I'll post
looks like another bad start today
Report I get from the Street
Petrobras' Stock Slide Makes It Value Play
NEW YORK (TheStreet) -- Brazilian oil giant Petrobras(PBR_) is about to break a record.
At September's end, it plans to issue an estimated $75 billion in new shares. About $32 billion will come from minority shareholders and the rest from the Brazilian government in exchange for the rights to 5 billion barrels of offshore oil at about $8.50 a barrel.
The 5 billion barrels of oil are from Brazil's pre-salt fields, so called because they lie under miles of seawater, rock and a tough layer of salt.
Early estimates suggest they may hold as much as 100 billion barrels worth. If so, that would dwarf the country's current reserves and put it on production par with Russia.
International oil company executives liken the fields to the North Sea discoveries in the 1970s in their potential to transform the industry. And Ali Moshiri, president for Africa and Latin America at Chevron(CVX_), may have summed it up best in saying, "Brazil is the future for the oil industry."
So why would Petrobras want to give up even a portion of such an amazing cache?
It expects the deal to strengthen its balance sheet, while also allowing it to borrow -- yet keep -- its debt-to-equity ratio below 35%, the threshold for its investment grade rating.
Yet despite the enormous potential, investors seem to have little faith in the company.
Can Petrobras Develop its Pre-Salt Fields? Some question whether Petrobras can develop the area at all. Others don't like how the Brazilian government, which owns about 40% of the company, changed the rules regarding the pre-salt fields.
From the late 1990s, when Petrobras lost its monopoly, Brazil's oil industry thrived under a concessions system. During that time, the government put parts of the pre-salt region out to concessions before it realized exactly what it had.
So Petrobras, along with foreign companies like Exxon Mobil(XOM_) and Royal Dutch Shell(RDS.A_), began developing the fields. The new regulations, however, require production sharing agreements for all future development. And a new state company, with veto power over all operation matters, will oversee such ventures.
Petrobras will take at least 30% of any project and lead operations in all of them. The government, at its discretion, can also grant the business licenses for any field.
Brazil claims the new rules will ensure that most of the pre-salt oil profits stay in the country. But critics argue that it could have achieved the same result by simply imposing higher taxes on foreign oil companies.
Petrobras: at Risk or in Reach? Investors think the plan puts far too much pressure on Petrobras to develop the fields. They're also questioning its ability to meet ambitious targets under its $224 billion investment program for 2010 to 2014.
For one thing, it is hard to keep costs down with only one operator. Similarly, it's difficult to nourish and develop a local offshore supply and services industry with only one buyer. Adding to the problem, Petrobras has issues finding qualified workers. More deepwater projects will just exacerbate that situation.
Perhaps it should advertise in Louisiana.
Of course, the BP(BP_) oil spill has renewed concerns about Petrobras attempting to operate successfully at such depths and in untested conditions. Fortunately, that is a non-issue according to the Eurasia Group's Christopher Garman: "Petrobras' expertise [in deep waters] is top of the field. Regulations on what blowout preventers are required are as tough or tougher than anywhere in the world, and environmental regulations are probably more stringent than they are in the U.S."
Why Investors Can't Do Much Better Than Petrobras: What it really comes down to is cost. And Petrobras says it can pump oil from these fields at $45 a barrel, comfortably below today's price of about $75.
And keep in mind that it should easily achieve its goal of 4 million barrels of oil per day from its existing fields. Since it's already producing about 2.5 million daily, that kind of growth rate will put other large oil companies to shame.
Also, with Chief Executive Officer Sergio Gabrielli at the helm, it averages an 18% annual sales growth. Its 38% gross profit margin easily beats Exxon's 29% for the industry's second highest.
Some good news
Crude Oil Pares Gains on Inventory Report
NEW YORK (TheStreet) -- Crude oil prices pared earlier gains after the Energy Department reported a smaller drop in inventories than the industry had projected.
The Energy Information Administration said crude oil stockpiles declined by 0.4 million barrels in the week ended Oct.8. That was more bullish than the 1.5 million barrel build-up projected by the Platts survey of analysts. Still, the drop was lower than the 4 million barrel decrease reported by the American Petroleum Institute.
Crude oil futures for November delivery was up 27 cents to $83.28 in forenoon trading, after rising as high as $84.12.
Earlier on Thursday, Opec president Wilson Pastor said that oil at $75 to $85 a barrel is not a problem for the world economy and that the members of the organization would keep production unchanged, Bloomberg reported.
Crude prices received a boost on Wednesday, after the International Energy Agency raised its global demand outlook for 2011. The U.S. Energy Department also raised its outlook and forecast prices at $83 a barrel for 2011.
The Energy Department also reported a 1.8 million decrease in gasoline inventories, slightly higher than the 1.5 million draw down projected by Platts. Meanwhile, distillates shed 0.3 million barrels, much smaller than the 1.6 million draw projected by analysts.
Meanwhile, natural gas storage levels gained 91 billion cubic feet in the week ended Oct. 8. The addition was at the high end of the projected injection range of 89 billion to 93 billion cubic feet that had been estimated by analysts polled by Platts.
Natural gas futures were rising by 2 cents to $3.717 per BTU. Heating oil futures were flat at $2.298 per barrel while November gasoline futures were losing 2 cents to $2.145 a barrel.
Energy stocks were higher on Thursday, with the NYSE Arca Oil Index rising 0.2% while the Oil Service Sector Index rose 0.4%. Energy stocks were trading mixed with Dow components Exxon Mobil(XOM_) and Chevron(CVX_) slightly lower. Total(TOT_) was a prominent gainer, up 1.2%, while PetroBras(PBR_) and Royal Dutch Shell(RDS.A_) also edged higher.
The United States Oil Fund(USO_) was up 0.1% at $36.20 while United States Natural Gas(UNG_) rose 1.3% on the report.
It looks like 2011
2011 could go either way. We might even see a small increase in 2011 but not much. In the end we'll have to wait and see
B
One more
The Oil Market Outlook in 2011 - Jul 10
Source: OPEC_RP100702 7/15/2010, Location: Europe
Financials and Investment
World economic growth for 2011 is forecast at 3.7%, slightly lower than the 2010 forecast of 3.8%. These numbers reflect some caution and take into account the challenges that lie ahead. The broad and unprecedented governmentled support that started at the end of 2008 successfully helped to soften the depth of the recession and support the nascent recovery. While some positive developments in final consumer demand can be seen, the government-led stimulus is expected to remain the major driver of growth in 2010.
However, this stimulus is expected to taper off in the coming months. With unemployment rates at high levels across the globe and households still constrained in major OECD counties, it remains to be seen whether personal consumption expenditures – which represents the bulk of GDP in developed economies – will be sufficient to provide a major contribution to the recovery.
After growing 2.1% in 2010, OECD is expected to expand by 2.0% in 2011, led by the US at 2.5%, Japan at 1.4% and the Euro-zone at 0.9%. The OECD economies will face the dilemma in 2011 of introducing austerity measures in most of the economies at a time of continued low growth. Developing countries remain the major contributors to global growth. China is expected to expand by 8.8%, following 9.5% in 2010.
The Chinese administration is currently implementing measures to avert overheating in its fast-expanding economy. At the same time, care should be taken to avoid any excessive deceleration of the economy. The pace of growth in India is also expected to slow slightly in 2011 with growth of 7.7%, after achieving 7.8% in 2010. Brazil’s performance has surprised on the upside, benefiting from the improvement in commodities, and is now expected to grow by 5.8% before moderating to 4% next year.
However, the pace of the expansion in export-led emerging economies will partly depend on economic developments in the OECD. Overall, the forecast for 2011 remains subject to substantial uncertainties as shown in the wide range of forecasts by selected major sources.
Turning to the oil market, world oil demand is projected to grow 1.0 mb/d to 86.4 mb/d in 2011. Demand growth will come primarily from non-OECD, mainly China, India, the Middle East and Latin America. On the product side, demand for industrial fuels will be strong as a result of the ongoing economic recovery. Demand for transportation fuels is also forecast to increase. In the US, gasoline demand is assumed to return to its normal growth trend, although dependent on the pace of the recovery, as well as government policies. One factor expected to play an important role in next year’s oil demand is retail oil product price developments which will be impacted by tax policies and subsidies, potentially leading to a moderation in the recovery in oil demand.
Non-OPEC supply is forecast to grow 0.3 mb/d in 2011 to 52.2 mb/d, supported by Brazil, Canada, Azerbaijan, Colombia, and Kazakhstan, while the UK, Norway, and Mexico are expected to experience declines. The outlook for non-OPEC supply shows considerable risks and uncertainties. Major uncertainties include developments in the Gulf of Mexico related to the deepwater moratorium, decline rates across various regions and progress in the new subsalt frontier in Brazil. Moreover, economic and financial uncertainties as well as new challenges to global deepwater production have added to the general uncertainties on the supply side. Separately, OPEC NGLs and nonconventional oils are seen rising a further 0.5 mb/d in 2011, representing a similar increase to last year.
Taken together, the above forecasts for global demand and non-OPEC supply, including OPEC NGLs and nonconventional oil, result in demand for OPEC crude of 28.8 mb/d in 2011. This represents growth of 0.2 mb/d above the current year, the first increase in three years. However, the wide range of forecasts for oil demand and non-OPEC supply across the industry reflects the high level of uncertainty regarding the needs of the market in the coming year.
If the past is a good guide, our initial projections are likely to be revised over the coming months, but by less than other institutions. The overall outlook indicates that the current stock overhang would be more than sufficient to supply the additional volumes needed in 2011. As a result, the oil market is set to remain well-supplied, especially in light of the ongoing increase in crude oil production capacity. In this environment, non-fundamental factors, mainly the behaviour of financial markets, will continue to be the key drivers of oil price volatility.