They do cut the dividend then it is a screaming buy. This company may not flourish but they are not in danger of going BK. NG is going to be a winner next or 2017 by the latest. of course the Saudis could commit suicide by crude and keep the price of crude and NG low for two more years. At 20% dividend it is worth a spec under $5. Not one person who posted 6 months ago guessed the PPS of LINE would be at $5 today.
This is going to be brutal today. LONGS gunna take it deep and long and nasty down to funkytown. You all will live if you don't sell, but the end of the day will not come fast enough. Say a prayer to St Jude, patron saint of the Impossible
Wakeup and smell the dead investors. The PPS share is going down to new lows along with the price of crude. The government of Brazil needs to stop looking at PBR as some sort of money source for their country to help the economy. The company has the largest debt in the world...or close to it. Brazil doesn't have 100 billion or more to pay off the bonds.
What you say might be true, but you failed to mention that the economy in Brazil is doing just OK. Also I have never been disappointed in the politics of Brazil to disappoint share holder. PBR has a mountain of debt to pay off, I believe it is or near the highest in the world for a company debt. Let's see when they cut the dividend.You are wrong about the banks in the USA, the problem went away alright but it cost billions. I agree the government will always support PBR but that doesn't mean the share price will rise. It might not go to zero, but it is not about to "go way above $10" any time soon. That is,it might go to $10, but not before it goes to $5 AGAIN.
You sound like a man losing money. You got cocky at $9 PBR and now it is all up in smoke. You don;t have the guts to buy more nor take criticism. I'm right and you are going broke. Otherwise, have a nice day.
They don't make more money. That is one of those economic fantasies. The economy of Brazil teeters now as does the price of crude, the scandal and the huge debt they have to pay down. The company owes 100s of BILLIONS of dollars. Plus the Chinese, fellow parteners with Brazil and PBR is having big troule itlself.
Another crushing down day for PBR today. But don't worry, according to some here the lower crude price goes the more money the company makes. So if crude goes to zero they become the largest company in the world.
To all the conservative haters of Greece, you are wrong...AGAIN!!!. Greece lives and you can't kill your communistic socialistic liberal loving lazy Ouzo drinking Greek, no matter how much hate you have in your soul. I laugh at you guys, for over a year you keep saying this is it for Greece, Really, you guys, you don't know how the world works. I suggest you get out more. A year from now you will post the same thing.
As soon as the Greek stock market opens the pps of the holdings of this company will fall. Plus what about the 4 banks the fund holds? Three of the four banks cannot survive. I see a death spiral here. Do not buy yet.
GREK, whl has four Greek banks in its holdings going to make money? One Greek bank holding is bad enough, four is death. So tell me how is this going to work for GREK again?
THEY, are not holding the PPS below $1. They (again, whom ever THEY are) will not halt trading. The bank has money, they (I can use that word too) will be infusing the bank with money soon. Your biggest concern as all the longs here is will THEY dissolve the bank so to speak and start over. The situation is fluid. Buy or sell at risj. Good luck and drink Ouzo
I was pulling for ya Longs. The PPS twittered around $10, and you should have sold. Now the PPS is going down like your drunk daughter on prom night. Go much lower longs and you will have to double down.