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???