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Petróleo Brasileiro S.A. - Petrobra Message Board

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  • fstout57 fstout57 Feb 27, 2012 3:56 PM Flag

    pbr just found more oil

    If you're looking at the chart for years back, don't forget there were (2) two for one stock splits so you need to add to todays price to come up with a much higher price than $30.00 a share.

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    • no matter how you look at it, Brazilian Govt wants more out of PBR. They will abuse PBR's power, finances and oil as much as they can before anything gets to the shareholders. Look at dividends and compare to other oil companies and you will know what I mean. and people keep saying "yeah but investing their money right?", well that is true. But investors are not taking 2013 or 2014's oil production into account. Had they done that, PBR would value much higher than $30. Stay away from PBR, it is an endless PIT!!!

 
PBR
9.33-0.66(-6.61%)Apr 27 4:01 PMEDT