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Petróleo Brasileiro S.A. - Petrobras Message Board

  • ceica73 ceica73 Jul 2, 2014 11:53 AM Flag

    PBR oil output-May was up 2.2% vs. Apr-14 and 4.4% YoY.

    From the Merrill Lynch site: "Domestic crude output up 4.4%, led by 8.8% YoY pre-salt rise
    Petrobras dom. crude output of 1,975 kbpd in May was up 2.2% vs. Apr-14 and
    4.4% YoY, though below est. Though a notable improvement in trends from the
    prior month, the improvement was despite continued repair/maintenance, this time
    at the Marlim Sul field, which lowered production by an avg. of 24kbpd during June.
    Absent this, domestic crude production would have risen 5.7% YoY"....

    What is keeping this stock down today?
    Any comments?

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PBR
8.65-0.40(-4.42%)Jul 1 4:00 PMEDT