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Petróleo Brasileiro S.A. - Petrobra Message Board

  • getintoh20 getintoh20 Aug 12, 2013 3:53 PM Flag

    Without the accounting change, Petrobras would have reported its second loss in a year.

    http://www.reuters.com/article/2013/08/12/us-petrobras-earnings-assets-idUSBRE97B0Q920130812?feedType=RSS&feedName=innovationNews&rpc=43

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    • A paper loss of no consequence. All other metrics were good to excellent. The new accounting approach is much more rational, spreading currency fluctations over 7 years rather than booking wild fluctations to both profit and loss on a quarterly basis. If your long you should be happy. If your short, keep trying to make this sound like it's meaningful. I am sure some dumb #$%$ will believe you.

      Sentiment: Strong Buy

 
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