PBR to trade sideways for awhile. Investors not about to pile in with so much uncertainty. Where is that financial report they promised last year----yea it was last year. Those auditors are afraid to take responsibility for fear of a law suit. I keep telling you the SEC will step in sooner rather than later. Doubters beware.
But first they have to GO THROUGH the trial and the auditors have not finished with their QR and what will that illuminate? Yea, PBR is going to the moon, but it is all a matter of timing. Never count out politics in Brazil to surprise.
Die spammer. Why do you belittle yourself selling this #$%$? You are a desperate fool.
You have almost zero chance of filling that order at $2 let alone the $1 cover. You are greedy and will not be rewarded. Take your money and run.
China doesn't have the dollars, nor the inclination at this time. China's money goes into domestic and world consumption. China has enough oil and gas, they don't---at this time----need PBR.. Why buy a cow when milk is so cheap.
Right now the ride is down. The true believers longs will not accept any doubt or negative comments. They will go down with the ship if need be to prove they are right...and wrong.
Bev, no there is another scenario. The Saudis cut production and so do the frackers. War is not the answer. You do not want war to solve oil problems. The other scenario is (mine) we will run out of room to store crude and the price crashes. Let's see who is right.
PBR down a little. Way too much noise in the news and company for the PPS to rise. Inventories building as I write this. Fear growing supply of crude. The tipping point cometh. The scandal widens, still waiting for the QR now months delayed. Don't kill the messenger.
Every second of every day those crude oil holding tanks get filled. You can run but you can't hide from that. If they switched to storing in tankers it would only be worth about one month of storage. Unless OPEC curtails drilling and the frackers don't slow production or have economics slow them down, the price of crude tumbles and so does PBR. Guilty by association. You want peak oil LOL. Cushing OK is the center of the universe.
Do you read any financial newsletters or news items? Here is why crude oil is going much lower. It is simple to understand and it is called supply and demand. Supply: There is a glut as in the LARGEST SUPPLY EVER OF crude oil. When the storage facilities run out of room to store the crude they HAVE TO SELL IT. So, some day, probably in Spring 2015 there will be a tipping point and the price of crude crashes. Unless the Saudis curtail production and the frackers too, the price of crude is in a slow death spiral. Can you understand this? Please point out where I am wrong. Stop saying I am shorting. I am all for PBR share holders and they are right and will harvest profits, but not anytime soon. We are only arguing over timing not fundamentals of the company---though I can argue the fundamentals of PBR are not great.
I am not a short. What I say is this. The PPS of PBR will go lower. You cannot honestly look at what is going on in the world and Brazil and this company and see a rosy short term picture. You seem to invest with hope and the wonderment of a rookie investor. But hey, the unskilled get lucky too.
A true believer would welcome a bad report and a sell off of the stock. That would be a natural and common buy signal.
I am not short. Crude oil is going down to $30 to $40. I called the new low. I am telling you that when the storage capacity of crude oil is reached in the world and the US of A the price for oil is crashing. Yes, you are a winner long term. Stop bashing me. I suspect you are #$%$ off because you are under water and somehow blaming anybody and everybody who doubts your stock position. Tranquil dude, you will make money on PBR but not this quarter nor probably next. Stop trying to kill the messenger. Have a nice spring day. Take the dog for a walk and buy the wife some flowers. When she asks why just say "because."
I told you weeks ago new lows were coming and you laughed. You ain't laughing anymore. For your hateful attitude I will see to it you go down some more this week. You are going down to funkytown I'd sell if I were you. You guys can't handle the losses. Have a nice day
Huge? Na. Move up a little? Perhaps. if you think PBR is out of the woods you are dead money wrong. Go ahead fearless one and buy. In 2 years you will laugh and be glad, short term you will not sleep at night.