8.82 -0.04 (-0.45%)
After hours: 6:04PM EDT
|Bid||8.90 x 36200|
|Ask||8.99 x 40000|
|Day's Range||8.28 - 8.94|
|52 Week Range||4.01 - 16.84|
|Beta (5Y Monthly)||2.02|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.35 (3.99%)|
|Ex-Dividend Date||Jul 23, 2020|
|1y Target Est||14.09|
Moody's Investors Service, ("Moody's") affirmed Braskem S.A. ("Braskem")'s Ba1 corporate family rating and the Ba1 ratings on the foreign and local currency debt issuances of Braskem Finance Ltd and Braskem America Finance Company, respectively, fully guaranteed by Braskem S.A. The outlook for the ratings was changed to negative from stable. Ratings Affirmed: ..Issuer: : Braskem S.A.
Brazilian state-run oil firm Petrobras has "preventively" stopped supplying imported aviation gasoline after chemical tests on an imported batch raised potential issues, a move that caused fuel distributor BR Distribuidora to suspend the sale of the product, according to a filing on Monday. Petroleo Brasileiro SA, as the firm is formally known, had said earlier on Saturday that the batch of imported aviation gasoline, or avgas, complied with the requirements laid out by Brazilian oil regulator ANP.
On Friday, May 1, two workers on the PXA-1 offshore platform owned by Brazil's state-run oil company Petrobras checked into the facility's infirmary complaining of headaches and fever-like symptoms. Another Petrobras employee fell visibly ill the following day, three workers from the platform told Reuters. The sickness spread further in the subsequent days, stoking anxiety among the 45 workers onboard, all but one of whom later tested positive for the novel coronavirus, according to the local union.
Brazil fuel distributor BR Distribuidora said on Tuesday it has resumed selling aviation gasoline, after detecting anomalies in its supply on Saturday. Aviation gasoline serves small aircraft and is different from jet fuel which is used by large commercial planes. The aviation gasoline had raised red flags due to its smell, BR Distribuidora said.
BR Distribuidora, Brazil's largest fuel distributor, has won a 376 million-real ($69.6 million) tax dispute, it said in a filing on Tuesday. Petrobras Distribuidora SA, as the company is formally known, said the dispute related to the duplication of certain state and federal taxes between 2012 and 2020. The company, whose largest shareholder is state-run oil company Petroleo Brasileiro SA, said the 376 million reais will appear in its second quarter financial statement as an asset.
* Chilean peso set to outperform peers for the week * Argentine stocks outpace peers for the week * U.S. record rise in COVID-19 cases chokes risk appetite * Petrobras up as Mubadala set for talks to buy Bahia refinery (Adds graphic, updates prices) By Shreyashi Sanyal and Ambar Warrick July 10 (Reuters) - Brazilian stocks were set for their strongest close in more than four months on Friday, while broader sentiment remained subdued amid increasing global coronavirus cases. The Bovespa stock index added about 0.8% after data showed inflation as measured by the IPCA consumer price index rose 0.26% in June over May, picking up after the deflation reported in the previous month. State-owned oil company Petrobras rose 1.5% after it said Abu Dhabi's investment fund, Mubadala Investment Co , will enter exclusive talks to purchase Brazil's second-largest refinery.
* Stocks and currencies indexes set for weekly declines * U.S. record rise in COVID-19 cases chokes risk appetite * Petrobras up as Mubadala set for talks to buy Bahia refinery By Shreyashi Sanyal July 10 (Reuters) - Most stocks and currencies in Latin America were set to end the week with declines on Friday, on concerns over a record rise in coronavirus infections in the United States. MSCI's index for Latin American stocks fell 0.3%, while its currencies counterpart shed 0.4%. More than 60,500 new coronavirus infections reported across the United States on Thursday, a single-day record rise, weighed further on markets' mood.
Norway's BW Offshore Ltd and DBO Energy are among the firms mulling a bid for Petrobras' Golfinho oilfield cluster, two sources said, as Brazil's state-run oil company seeks to re-spark its asset sale program in the wake of this year's crude price crash. With average daily production of 15,000 barrels of oil and 750,000 cubic meters of gas, Golfinho is among the largest production assets Petrobras currently has on the block.
Reuters was the first to report earlier on Thursday that Mubadala was on an inside track to acquire the refinery, known as Rlam, after beating back competition from India's Essar Group, according to three people close to the negotiations. Petroleo Brasileiro SA, as Petrobras is formally known, confirmed in a filing that Mubadala had submitted the best offer and was invited to negotiate. Mubadala will discuss the contract terms with Brazil's Petrobras in an exclusive negotiation expected to take several weeks, the people said on Thursday, declining to be named as the talks were not public at the time.
Petrobras (PBR) is set to decommission the P-07 and P-15 platforms in the Campos Basin alongside the FPSO Piranema in the Sergipe-Alagoas Basin in 2020.
Petrobras is preparing to launch a tender to build Brazil's largest-ever oil platform, according to two people with knowledge of the matter, as the state-controlled oil firm pushes ahead with ambitious plans to boost deepwater production. Petroleo Brasileiro SA, as the Rio de Janeiro-based producer is formally known, plans to launch the leasing tender for the floating platform, known as an FPSO, by the end of August, the people said. Winners build and own the platforms, and lease them to Petrobras in contracts with daily rates of up to $1 million that often last longer than 15 years.
Brazilian energy company Cosan SA said on Tuesday that its planned reorganization may involve the capitalization of all operating units controlled and co-controlled by the group. In a securities filing on Tuesday, Cosan said the viability of the potential capitalizations of each of the units will be weighed separately and depend on variables that the company does not control.
Petrobras (PBR) is the sole owner of Petrobras Biocombustivel's stake and plans to sell 100% operating interest in the project along with a 100% stake held by the unit in three biodiesel plants.
Brazilian capital markets stormed back in the second quarter, powered by domestic investors seeking alternatives to meager fixed-income returns even as the COVID-19 pandemic wreaked havoc on the economy. Equity sales by Brazilian companies grew 10% in the first half to $9.9 billion, according to Refinitiv data, surprising many bankers given the weak first quarter and in sharp contrast with a swoon in deals. Other large Latin American markets stayed on the sidelines, with Panamanian airline Copa Holdings the only non-Brazilian company to conclude a share sale.
Brazilian state-run oil company Petrobras is considering installing offshore units to liquefy the growing natural gas production at the so-called pre-salt area, Viviana Coelho, the company's emissions and climate change manager, said during a webinar on Friday. The LNG units could be an alternative, she said, for the natural gas associated with oil produced at the pre-salt, a deep-water exploratory region located more than 100 miles from the coast. Petroleo Brasileiro SA, as the firm is formally known, currently relies on offshore pipelines to bring natural gas to the coast, where it is processed.
Petrobras' (PBR) gas sales surge in the May 10-16 time frame to touch 459,000 cubic meters from 146,000 cubic meters recorded in late March.
Some 10,000 employees of Brazil's Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on Wednesday, as the state-run oil company intensifies its quest to slim down and refocus on core businesses. In a webinar hosted by Brazilian newspaper Valor Economico, Castello Branco said the deadline for employees to sign up for the program was Tuesday. "We have approximately 10,000 people signed up, which means 22% of Petrobras' employees are going to leave the company," he said.
Indian conglomerate Essar Group made a binding offer to Brazil's Petroleo Brasileiro SA to buy the country's second largest oil refinery, two people with knowledge of the matter said on Tuesday. Petrobras, as Brazil's state-controlled oil producer is known, has received at least two offers for the 323,000 barrels per day Landulpho Alves refinery in Bahia, known as Rlam. If Essar's bid is successful, it would mark the group's debut in Brazil.
Petrobras' (PBR) oil and gas production at its Atapu field is being carried out using P-70 FPSO unit, which can produce 150,000 barrels of oil and nearly six million cubic meters of natural gas daily.
Brazil's state-run oil company Petrobras said in a filing on Monday its transportation unit Transpetro will begin a voluntary layoff program this year, aiming to reduce its workforce by 557 employees. The program will begin next September and is expected to last through July next year, Petroleo Brasileiro SA, as the company is formally known, said.
Brazilian state-run oil firm Petrobras has put its Urucu oil and gas cluster in the interior state of Amazonas up for sale, it said in a securities filing on Friday evening. The Urucu cluster was responsible for 106,353 barrels of oil equivalent per day of production in the first quarter, the company said. Petroleo Brasileiro SA, as the company is formally known, said the cluster produced 16,500 barrels per day of oil, with the rest being natural gas and natural gas liquids.
Abu Dhabi's Mubadala Investment Company placed a binding offer for Petroleo Brasileiro SA's refinery in the northeastern Brazilian state of Bahia on Thursday, two people with knowledge of the matter said on Friday. The 330,000 barrel-a-day refinery, known as RLAM, is the first of a group of eight such units the state-controlled oil producer plans to sell to cut debt and open one of the world's largest fuel markets to private investors. Petrobras and Mubadala declined to comment.
Petrobras' (PBR) plan to sell its stakes in the four offshore oil fields off the coast of Brazil's Ceara state is in line with its strategy to contain costs and boost capital deployment.
Transpetro, the logistics unit of Brazilian state-run oil firm Petrobras , registered a 60% decline in fuel theft at its pipelines in the state of Sao Paulo, it said on Friday, suggesting investment to diminish such crimes is paying off. Sao Paulo, Brazil's most populous state, is the epicenter of fuel robbery in the South American nation, and also the home of some its most sophisticated organized crime groups. While the number of thefts from pipelines in Brazil pales in comparison to thefts in nations like Mexico and Colombia, it is growing fast.