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Petróleo Brasileiro S.A. - Petrobras Message Board

  • fstout57 fstout57 Feb 26, 2012 12:59 PM Flag

    When PBR went public

    One last thing; when PBR went public in Sept. of 2010 they based their capital expenditure plan on $80.-a-barrel. Sept. stock price back then was $36.00 a share and by Nov. cooled off to $32.00. Now the price per barrel is almost thirty dollars higher and the stock is trading back to the price when oil was much lower. I think this thing has room to run.

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