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Petr Message Board

  • alf_kingkong alf_kingkong Aug 12, 2013 12:10 AM Flag

    Re: I am a CPA and I am not sure what kind gimmicks you are talking about PBR

    As you can read PBR used IFRS (International Financial Reporting Standard) which is stricter than US GAAP. Are you complaining about use of hedge accounting? The most international companies are using to hedge against the currency and commodities fractuation. Please educate me in more detail instead of just whining about this quarter's profit.
    The main challenge for PBR is the company needs to spend massive amount of capital expenditures for the new offshore oil discovery but according to the article it's much cheaper to explore oil in Brazil than GOM. In long run, cap ex spending will bring very positive return for the company and the investors.

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