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Petróleo Brasileiro S.A. - Petrobra Message Board

  • pbrisok pbrisok Sep 2, 2010 1:02 PM Flag

    Finally doesn't seem too bad ...

    Hi there, I'm new to the board but not to PBR. I have in general been quite optimistic about them, although they didn't perform very well this year (bought at 45 and 50 last year ...).

    I was expecting that a price such as $8.51 per barrel, for extracting oil from the new oil fields owned by Brasil in deep waters, would drive the stock significantly down, but the stock didn't seem to really react: volume is normal and the stock moves up along with the market and the other oil companies, or even a little bit better.

    What are your thoughs / educated guesses regarding how this stock will evolve in the near future ?

    Thanks!

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