well i was just doing the math for the ice ages.. It might be wrong.. you said, the earth was around 6b years old.. i take that was divide it by the number of ice ages we have.. I assume the timing between each should be similar.. then it worked out to be around 1b every ice age.. I didn't read the carbon dating info from Al gore.. the exact time per each ice age. I am not sure, but i believe the chances for it to be so low per each ice age in your calculation..
that was what i understood from it.. I disagree with it also... maybe i mis-understood..
if I remember correctly, universe is 6b years.. earth is around 3b.. al gore had scientists dig up layers of ice in the artic.. and they found 6 layers of ice ages.. I said probably once every 500m years.
here is the whole picture of global warming from al gore..
solar energy (heats) get trapped in earth because of carbon emissions strengthening the ozone layer.. (this part I dont believe the impact was as serious as al gore has highlighted)
the heat will melt the artic ice caps. those tons of water will flow through all oceans. this will increase ocean level. thats why we are getting tsumi etc.
at some point the inner ocean river circulation will stop because of these alteration from melting of ice cap.
then bang ice age,..
we had about 6 ice agesi the past.. take into consideration earth is around 3b years old.. I assum every 500m we got one. it is very normal for the earth.. just seasonal, but not for us.. it is coming no matter what.
actually, u have no clue in how global warming works.. it is true, but it is a normal.
i know that bad news is baked in, but one important thing to consider is the Q4.. As in the earning call of Q3.. they did solidly said all of corruption loss will be reflected in Q3.. I don't know how many billions of loss will be there, but it will definitely look bad on Q4.. the best we had done for Q4 is 20b reais.. even with the best outcome.. we may break even.. for Q4.
first, I am long but there is one thing to consider which is q4. pbr has said in q3 that all lost related to scandal will reflect on q4, so q4 will have an negative impact on the pps.
Actually that guy is not good.. Not good at all.. That stupid moron hedged wrong and lost billions in Vale..
All Brazilian companies have to pay 50% of their income as dividend.. In 2013, we earned 3b reais.. back then it was near 2 to 1 USD.. now we are at 3.3 to 1 USD.. From my sources the first half of 2014 is around 2b reais.. and just say we may get 4b reais this year.. and half of that is 2b.. then divides it by let's say average of 3 reais per 1 usd.. that's around 6 to 7 hundred million USD per year.. to now.. around 12 to 14% dividend.. which is not bad, but unfortunately i heard 3rd quarter..we only got 70 million earning, so we need to earn around 1.9b for 4th quarter to get the above estimated.. GL and HF
Also regarding the corruption.. we are at all time high transparency.. All companies have foul play at some part in their company.. PBR needs to play fair from now on.. all eyes are watching..
Sentiment: Strong Buy