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....
Barrons tried to pump MDR, but it didn't work. MDR burned through $800M of cash in 2 years,
has $160M cash left and just got a $900M line of credit. MDR is a cash incinerator and the line of credit looks like it will burn the remaining $160M in Q1 then draw on the banks before going bust. This company manages money worse than the US gov.
leveraged to down side