How you doing?? I am still holding all my shares and don't know how long will it take for PBR to come out clean and go above 15+ Lots of big oil companies are in trouble and lets see and wait. Good luck to you and all the longs
Individual and companies involved in the investigations of Carwash, an alleged pay-to-play scheme, agreed to give back to Brazil’s government close to 2.4 billion reais ($622 million), O Globo newspapers said.
The money is part of 31 lawsuits within Brazil’s judiciary system in which companies and individuals accused of bribery agreed to return funds, according to a report published Sunday. Carwash is under investigation by Brazilian prosecutors and police in connection with alleged kickbacks, bribes and inflated construction contracts involving state-controlled oil producer Petroleo Brasileiro SA.
The money will be initially held by Brazil’s prosecutors, o Globo said. Petrobras alone has already received 296 million reais transferred by local judges, the report said.
Funds held by companies and individuals valued at about 1.1 billion reais is blocked in different accounts in Switzerland, Luxemburg and Monaco waiting for judicial decision related to the Carwash probe, O Globo said.
It will be very hard for me to hold for another year or so but have no choice. As long as PBR doesn't goes under and stays above 5+. Its very hard to hold on to it. Lets hope for the best. Good luck to you and all the LONGS
What are your thoughts regarding this downgrade by S&P and the whole drama by politicians in Brazil. I hope PBR will survive in the long run after all this negativity by the analysts. Any one else wants to share his/her views. At this point all I wants to say Good luck to all the longs
Petrobras Analysts Recommendation
Out of the 19 analysts covering Petrobras stock, five rate it a Buy, 11 rate it a hold while three rate it a Sell. The 12-month target price for the company is $9.24 with a 56.6% upside potential.
Well I am getting so fed up with all the politicsn new scandals and Brazil currency etc. etc. I am just holding but with no choice. I hope one day I and lots of other longs break even and move on. Can't say how long we have to wait. But its very painful and time wastage. Lets wait and see and keep posting. Thanks
you are right, Even lots of US oil stocks are down more than 80-90%. but I have no choice now. I will and have to hold PBR for at least it goes back to 12-15 in coming 2-3 years. Things can change any time soon. No one knows. Lets wait and see. Good luck to you with US stocks
I can't believe. Oil is up allmst $10 and PBR not moving up with the oil price. Any serious thought