all those I buy at %28 or sell at $50 is just guesswork on coffee dregs in the cup. What is the price of the offering? Can any of the gurus on this board tell me??!! As for me I'll sell half of my position tomorrow a.m. at $39
Hard for me to see much upside in the stock until they clear up this nonsense. -------------
The price of the 5 billion barrels of oil Petrobras will be allowed to develop in return for the government's new shares in this week's offering was set at $8.51 earlier this month.
But the company and the government will revisit that price after Petrobas spends four years exploring six offshore oil fields. If the oil is cheaper to access than originally estimated, or if oil prices have risen and therefore increased the value of the oil, Petrobas may have to pay the government a higher price.