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  • winsabokk winsabokk Mar 22, 2011 4:46 PM Flag

    Coal

    <<Even Winny should be able to understand the significance of this chart... or continue to stick proudly with a loser:>>

    Excuse me?

    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.

    Still waiting...


    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.

    Big deal.

    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.

    Get it?

    I'm tired of your childish antics and your abrasive personality.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 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.

      http://imarketnews.com/node/15315

      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

      http://www.theflyonthewall.com/permalinks/entry.php/PBRid1371497/PBR-Petrobras-to-look-to-raise-BB-through--NY-Times-reports

      *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

      • 4 Replies to musketeernumberone
      • Yes, I am an obnoxious, childish, backward-looking, moron... And here is the forward-looking assessment that you wanted, courtesy of Forbes:

        *Developing the pre-salt assets is a daunting task. For starters, it will be mind-bogglingly expensive. In its five-year plan through 2014, Petrobras has committed to invest $224 billion, much of it on platforms, rigs, and other infrastructure for pre-salt production. (It's also building five new refineries.) To help fund the effort, last year the company conducted the largest share offering in world history when it sold $70 billion worth of new stock to investors. It plans to sell up to $40 billion in bonds by 2014.

        Scrounging up investment capital is only part of the challenge. Critics argue that the government's mandate to make Petrobras the lead operator in the development of all fields in the pre-salt area -- rather than leave it open for bidding from international companies -- puts too much pressure on the company and will prove an inefficient approach to developing the area. It's unclear whether the industry supply chain can grow fast enough to meet the production targets Petrobras has outlined....*

        http://features.blogs.fortune.cnn.com/2011/03/08/petrobras-the-next-oil-colossus/

      • Musk, why such a vendetta against a company you aren't short?




        And it is YOU who have spent far more time bashing than my taking the opposite view.

        I could give a #$%$



        I just like to point out inconsistencies in people like you.

        Flip flopping and all costantly changing your mind like the wind... with the attention span of a gnat.

        BTW, debt issuance is not dilution and in a case such as this it's warranted.

        Opportunity knocks for PBR and development costs money.

        Duhhh...

        so they issue some debt. Big deal.

        The dilution is behind them but you won't let it go.

        And you still havent considered PBR's cash flow of the next 10 years.

        Any debt issued now can be retired and fully paid off with that cash flow.

        That's capitalism.

        << They also mention that PBR plans to double (not triple) reserves>>


        And you continue to attribute statements to me that I haven't said and I've had enough.

        Iggy.

      • Musk, why such a vendetta against a company you aren't short?




        And it is YOU who have spent far more time bashing than my taking the opposite view.

        I could care less.



        I just like to point out inconsistencies in people like you.

        Flip flopping and constantly changing your mind like the wind with your ST calls... with the attention span of a gnat.



        BTW, debt issuance is not dilution and in a case such as this it's warranted.

        Opportunity knocks for PBR and development costs money.

        Duhhh...

        so they issue some debt and maybe a bit more equity. Big deal.

        Most of the dilution is behind them but you won't let it go.

        And you still havent considered PBR's cash flow of the next 10 years.

        Any debt issued now can be retired and fully paid off with that cash flow.

        That's capitalism.

        << They also mention that PBR plans to double (not triple) reserves>>

        I never said anything about reserves, never mind triple them so you mind telling me where you're getting that from?

        You continue to attribute statements to me that I haven't said ..you mind knocking it off?

        More of this and you do go on iggy.

        This just isn't worth it.

 
PBR
13.64+0.22(+1.61%)Apr 23 4:00 PMEDT

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