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RF Micro Devices Inc. Message Board

speculamania2 125 posts  |  Last Activity: 1 hour 31 minutes ago Member since: Dec 2, 2013
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  • no matter if dilma wins or not. the fundamental turnaround is happening right now and will only accelerate in coming years.

  • speculamania2 speculamania2 Apr 12, 2014 7:09 AM Flag

    Agree and it is time to put batista in jail. I had the bad experience with tvx 14 y ago and since then I never trusted this guy with his X companies. PBR sits on a resource of 50 bn to 100bn barrels of oil and likely will come back as the pride of Brazil. All stars are aligning. However I do hope that Foster will keep the top job, she is doing many things right at pbr.

  • speculamania2 speculamania2 Apr 11, 2014 4:55 PM Flag

    yes indeed, very good news. Probably the new PBR is born.

  • pbr is the only viable new big source of oil and gaz in the world out of conflict zones.

  • and totally wrong they are

  • Reply to

    Out at $7.80

    by monrio1 Mar 19, 2014 3:46 PM
    speculamania2 speculamania2 Mar 27, 2014 2:39 PM Flag

    and now I read you are going to buy back this loser company, did you learn nothing Moronio?

  • Reply to

    Out at $7.80

    by monrio1 Mar 19, 2014 3:46 PM
    speculamania2 speculamania2 Mar 27, 2014 8:35 AM Flag

    So loser Moronio finally took its big loss after years of incredible frustration.

  • and these numbers will be released early April

  • Clearly something is changing in Brazil and the destruction of Pbr value including recent scandals will be the demise of Dilma. Petrobras will be restored as the pride of Brazil.

    3/21/2014Petrobras Now Smaller Than Colombia's EcoPetrol

    Petrobras, Petrobras, where did you go wrong?

    Brazilian oil major Petrobras PBR +0.17% fell from a high point of No. 12 in its oil discovering hey-day in 2008 to No. 120 today in a ranking of the world’s largest companies. The Financial Times published its list of the largest firms by market cap and gave special note to Petrobras, which would be no surprise to investors who have been beating up by this stock for the past three years.

    Petrobras share are down 64% over the last five years ending March 21. Any trader making money off this one has been timing the lows like science and selling on mini-rallies in emerging markets.

    How far has Petrobras fallen?

    The company’s market cap is currently $75.6 billion, a billion dollars less than it was when the FT did its review. By comparison, ExxonMobil’s market cap is $407 billion. PetroChina has a market cap of $188 billion. Colombia’s EcoPetrol is now larger than Petrobras, with a market cap of $76.7 billion as of market close today.

    Last year, the Financial Times had Petrobras ranked 48. It’s been a fairly quick fall from grace for the company, once beloved by investment banks. In 2008, for instance, when oil futures were seen topping $200 a barrel, Goldman Sachs put a $60 price target on Petrobras, which is now worth $11.59 a share. The volatile stock has swung from a high of $13.78 at the start of the year to a low of $10.56 this month.

  • next jump will come when pbr reveals production for Februari which will be up significantly

  • "The [ruling] Workers' Party is tainting the name of the biggest company in the country, which today faces losses, difficulties investing and a series of corruption accusations," Mr. Bueno said, calling for a congressional investigation.
    article see the WSJ Brazil's President Defends Role in Bad Deal Made by Petrobras

  • Reply to

    Is this all due to the Dilma inquiry

    by cdmurray4 Mar 20, 2014 12:35 PM
    speculamania2 speculamania2 Mar 20, 2014 12:51 PM Flag

    let us hope this comes true, to hell with dilma

  • Start-up of Platform P-58 in Parque das Baleias

    Rio de Janeiro, March 18th, 2014 – Petróleo Brasileiro S.A. – Petrobras announces that the production platform P-58 started-up operation this Monday (03/17/14) in the complex known as Parque das Baleias, off the coast of Espírito Santo state in Campos Basin, in line with the company’s 2014-2018 Business and Management Plan, through the well 7-BFR-7-ESS, a pre-salt reservoir producer, with an excellent productivity, as expected.

    P-58 is part of the North project of Parque das Baleias, which encompasses production from Baleia Franca, Cachalote, Jubarte, Baleia Azul and Baleia Anã fields.

    P-58 is installed at approximately 85 km off the Espírito Santo coast, at a water depth of 1,400 meters. In the upcoming months, 15 production wells, eight pre-salt and seven post-salt, as well as nine injection wells will be interconnected to it through 250 km of flexible pipelines and two subsea manifolds (equipment that transfers oil from wells to the platform).

    The FPSO (Floating, Production, Storage and Offloading) type vessel has a daily processing capacity of 180,000 barrels of oil and 6,000,000 cubic meters of natural gas.

    Shuttle tankers will be responsible for exporting oil from the platform and a gas pipeline will transport natural gas to the Cacimbas Gas Treatment Unit in the municipality of Linhares, in Espírito Santo state.

    The construction work created some 4,500 direct jobs, 13,500 indirect jobs and reached a local content of 64%.

    The construction of the platform’s oil processing and gas compression modules took place in Rio de Janeiro. These modules were then taken to the Honório Bicalho shipyard in the city of Rio Grande – RS, where the construction of the electrical panels and main power generating modules occurred. Besides integrating all modules on the platform’s hull.

    Also according to Petrobras’ 2014-2018 Business and Management Plan, three new platforms will start-up operation in the second quarte

  • and the improvement will be seen early April when production numbers of February will be released

  • Reply to

    Bonb sale went well...confidence high in PBR

    by jwsull Mar 12, 2014 8:59 AM
    speculamania2 speculamania2 Mar 12, 2014 4:17 PM Flag

    the pre-salt fields are much better than the Kashagan field

  • speculamania2 by speculamania2 Mar 12, 2014 10:12 AM Flag

    that is all you need to know.

  • Reply to

    Why PBR is not worth $50.00...FACTS.

    by s.eranger Mar 11, 2014 9:04 AM
    speculamania2 speculamania2 Mar 11, 2014 12:37 PM Flag

    Indeed politics and the exchange rate are determinant. Debt is mainly in US$ but crude oil also is expressed in US$ so probably this debt is not such a high risk for them. Also they are so close to a considerable increase of crude oil production: 1 million bpd of new capacity is coming on stream, which means that a turning point is near. They predict to be cash flow positive in 2015 and I believe they can. Today the market recognizes the negatives which I saw coming years ago when I left the stock. Now it is time to look to the future with improving financials and consequently a rising stock. Sentiment right now is extremely negative, the market has given up and does not want to believe that things can improve again. So I am buying.

  • speculamania2 by speculamania2 Mar 11, 2014 9:55 AM Flag

    production will rise considerably this y and beyond and financing for 2014 nearly completed yesterday. Too late to give up now and pessimism looks at an extreme. These simple elements tell me this a golden entry point.

  • allow pbr a 20 %-30% increase in the price of diesel and gaz oil and lower taxes on these fuels equally so that at the pump nothing changes. Then pbr will no longer sell fuel at a loss. The company will be able to increase profits and pay a higher dividend to the government compensating the loss of tax revenue. also pbr will maintain its rating and will be able to get better financing conditions. The stock will triple and everybody will be happy.

  • Petrobras confirms discovery of good quality oil in Transfer of Rights area

    Rio de Janeiro, March 7th, 2014 – Petróleo Brasileiro S.A. – Petrobras announces that it has completed drilling two wells located in the Transfer of Rights area, at Santos Basin. Results have confirmed the discovery of good quality oil in the pre-salt reservoirs referred to as Florim and Entorno de Iara.

    Well 3-BRSA-1215-RJS (3-RJS-725), informally referred to as Florim 2, is at a water depth of 1,972 meters, 7 km north of discovery well, Florim (1-BRSA-1116/1-RJS-704), and some 200 km off the coast of Rio de Janeiro state.

    Well Florim 2 has confirmed the discovery of good quality oil (29°API) in carbonate reservoirs of excellent quality below the salt layer at a depth of 5,412 meters, having reached the total depth of 5,679 meters.

    The second well 3-BRSA-1172-RJS (3-RJS-722), informally referred to as Entorno de Iara 2, is at a water depth of 2,249 meters, 7 km to the northwest of discovery well, Entorno de Iara (1-BRSA-1146 /1-RJS-711), and some 225 km off the coast of Rio de Janeiro state.

    Results from drilling well Entorno de Iara 2 have also confirmed the discovery of good quality oil (26ºAPI) in carbonate reservoirs of excellent quality below the salt layer at a depth of 5,116 meters. A significant 526-meter thick oil column was confirmed. The drilling of well Entorno de Iara 2 was completed at a depth of 5,907 meters after fulfilling the objectives provided in the Transfer of Rights Agreement.

    The exploratory phase of these areas is expected to be complete by September 2014. According to the Transfer of Rights Agreement, Petrobras may declare commerciality of the area by this date.

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