Could PBR B, Nationalized by Brazil? R, They Gov't Owned?
Something going on with PBR and we do not know. Oil up they are down. Oil down and it goes down. The CFO said in couple weeks ago that they need to raise 12 to 14B every year. What that for? Some of you knows? Thanks
It may well be that the issues of an SPO may be here again. More times than not when an issue begins under performing... it's for a reason. And too many times it has to do with SPO's. This was the issue hanging over PBR for most of 2010 until they got it done in October. It's no secret that PBR said they would look to raise more cash this year. It may well be that the Capital markets are again aware that PBR is shopping a cash infusion.