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Petróleo Brasileiro S.A. - Petrobras Message Board

  • a123sky123 a123sky123 Mar 5, 2014 4:14 PM Flag

    3 YEARS AGO PETROBRAS TRADED AT $50. WHAT CHANGED CINSE THEN??? LET'S SEE.

    Oil was $80 mow $100
    uncertainty about getting oil from far deep levels. Now they posted highest pre-salt production ever.
    earnings were higher. No subsidies. Now they abandoning subsidies,
    production increased and will double within 5 years.
    yes, they spend to increase production 100%.
    does any company can increase production without expenditures?
    they promised to fix all ratios within 2 years, by nov. 2015
    why with increased production. Higher earnings that will come with that production,
    no subsidies, higher reserves, higher oil prices, they cannot trade at same $50 level???

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