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Petróleo Brasileiro S.A. - Petrobras Message Board

  • auagboy auagboy Mar 25, 2014 4:32 PM Flag

    The bear case and the big sell off

    PBR has bounced nicely in last week. The mutli-year down trend hasn't been reversed. I'm still thinking about the $70B secondary offer in 2010 when the stock was $55. Oil production hasn't grown and the company has spent more than $70B....BG Group is a good sub-salt player to watch. Their production hasn't grown either. What is the sub-salt is a scam....

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