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lecorb

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Re: Makin Millions post# 1328

Thursday, 04/16/2015 4:44:05 PM

Thursday, April 16, 2015 4:44:05 PM

Post# of 1749
Petrobras to cut investments 20% in new five-year plan


Reuters:Apr 16 2015, 16:31 ET
Petrobras (NYSE:PBR) is planning to announce a new 2015-19 business plan next month that will call for a ~20% cut in investments compared to its last five-year plan, Reuters reports.
PBR announced $221B of capital spending in its 2014-18 business plan from February 2014.
Reuters also reports that PBR is "making progress" on a plan to publish audited 2014 results on April 22, according to its source
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