You can buy almost ANY coal stock and do better than with PBR.
Even Winny should be able to understand the significance of this chart... or continue to stick proudly with a loser:
You might like this quote from the reckoning:
The opponents of nuclear power tend to portray the contrast between nukes and hydrocarbon-generated electricity as a choice between adopting a rabid hyena or a Golden Retriever puppy. But the contrast is not quite that extreme or simplistic. A more accurate metaphor might be choosing between sleeping under a guillotine blade every night or sleeping in an airport smoking lounge. As long as the blade never falls, that's a much better - and healthier - place to sleep.
The Chinese will be taking full advantage here to game the uranium mkts ans I doubt very much they really slow down.
That said, as a LT investment, I have to think valuations for uranium miners will be hurt for a long time.
<<Even Winny should be able to understand the significance of this chart... or continue to stick proudly with a loser:>>
I don't even own PBR, you moron.
I've played it in the past along with selling puts and calls and had just about a 2 bagger in less than 2 years.
More recently, I considered selling PBR puts (a mildly bullish strategy)but have not pulled the trigger but still might.
So stop putting words in my mouth and pay attention.
I was playing devils's advocate and asking you to clarify your constant bashing of PBR and you still haven't come forward with any FORWARD looking detail to back up your statements that PBR would still be massively short of capital and would need to dilute further.
My criticism of you was your constant slamming of a stock at every opportunity with nothing to back it up except recent history via a chart and a rear view look.
FWIW, I never pounded the table on PBR and I think there are other better ways to play energy.
But as compared to the majors which has been my point all along, PBR is better.
I'm tired of your childish antics and your abrasive personality.
Jeez, why so much emotion for a stock you do not even own?
Almost any fool can go on the internet and search the words *raise equity petrobras* and find that the company has had plans to raise $58 Billion to make good on its $224 Billion capital investment plan through 2014. Almost any fool.
The following more current article suggests that, following the recent equity raise, PBR STILL needs to raise $30-40 Billion in Debt. They also mention that PBR plans to double (not triple) reserves
*Petrobras to look to raise $30B-$40B through 2014, NY Times reports
The CEO of Brazilian energy company Petrobras (PBR) said that the company plans to raise an additional $30B-$40B through debt issues by 2014 in order to finance the exploration of its offshore fields, according to the New York times, which cited the Financial Times.
Petrobras (PBR) can “easily” double its 15B barrels of proven oil reserves in four to five years, CEO Jose Sergio Gabrielli said, according to UpstreamOnline.com. Reference Link :theflyonthewall.com
Your chart makes an excellent case for a contrarian investor. Yes, PBR has under-performed over the past two years. But it is the only publically trading oil company that is posed to triple its production in the next five years. There is always a political risk that Dilma will do something rash, but I think she will emulate Lula, not chavez when it comes to the economy.
Triple production in 5 years?! Please cite a reference on that one.
The pre-salt is a great opportunity but 5 years is nothing in comparison to the extreme logistics involved... The wells do not even start gushing for another 5 years, 5 years of debt and equity raises...
Seriously, if you want to make money during the rest of this year look at semiconductors, optical networking, solar, LED, coal, NG, rare earth minerals, AAPL, cloud computing, Japanese small caps... Almost ANYTHING will do better than PBR.
I am not a basher, I am a realist. Or, stick with a loser in the name of consistency. Its your money.
Nothing wrong with being a realist....I agree. That is why we diversify......no need for too much dead money. Since I'm in PBR with what I consider to be a pretty low cost basis(34 bucks)....well, I'm comfortable sitting for a while.
If we get another correction I'm buying CLF. My fav of the iron ore and coal plays. Just put up a 10 year chart and that will tell you how well management has been......I still call em Cleveland Cliffs! I'm old fashioned.
btw....It is amazing that Django could play so well after the fire with only 2 useful fingers.