"Sell in May and go away," perhaps a factor. Have seen a fair amount of negative PBR press in the last ten days. It is not new, but a rehash of the familiar topics. OPEC coming up, dollar, and Greece might factor into it as well. In other words, a wig out.
What is MRO's oil sands holding? how much of it are they holding? I thought they went into rather heavily. I have been in and out of MRO several times and it always seems to do the opposite of XOM.
Would anyone like to speculate about the June OPEC meeting, production levels, and Irag output? I have seen several bits about Iraqi oil output, but feel it is just fluff because of ISIS fighting. OPEC will reach no agreement on output levels and Saudia Arabia will contiune to trying to push CAN and US shale produers to the wall.
rsroberto, do not follow. If they report a low number, but have high values in the reports, how would that work. How would a low value be the output?
Too good to be true, until the Audited results are posted you will see huge swing in numbers. One in the 40+billion vs only a few billion. If true, that the write down is only a few billion, then yes a lot of people will be happy, but the constant delay in getting the numbers out is no help.
Maranam, what is your take about this last week. It is very nice to happen, but I would agree that it seems to much to fast and some pull back next week to be expected. Do you think the audited reports will be posted? Thank you
Of this number, any idea of how much paper the Brazil banks are holding. I saw a number of 30 billion.
Maranamv, what is the debt expense they carry in a year? Not the 100 billion principe, but what do they have to pay to keep the banks happy?
Or who will be the Patsy. At this stage, they must know a value. But I do not think the write down at this point is going to pull PBR out of the fire.
What is the current PBR debt? I just saw a value of 170 billion, but I thought it was closer to 100 billion.
what is the current production in the United States?