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Petróleo Brasileiro S.A. - Petrobras Message Board

  • fridgeratorboxinvestor fridgeratorboxinvestor Aug 1, 2013 10:17 AM Flag

    Massive Petrobras Earnings Bomb on Wells Real. Guido Mantega Mandates Loss.

    Yes tomorrow Petrobras will have an earnings bomb with refining to blame since Guido Mantega the Chairman of the Board forces Petrobras to sell gas the the 6000 stations below cost, forces Petrobras to build Refinaries in Pernambuca and Rio with huge cost overruns and runs up debt faster than Eike Batista. This wil play out like Citigroup. Back to single digits, then a ten for one reverse split. The PT, Worker's Party, is in charge here. These guys are planning a wealth tax in Brazil. This is a wealth transfer and jobs creation without any care about dividends or earnings here.

    Sentiment: Strong Sell

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