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Russell 2000 Futures
Petróleo Brasileiro S.A. - Petrobras (PBR)
NYSE - NYSE Delayed Price. Currency in USD
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7,476 reactions on $PBR conversation
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"Brazil govt won't touch Petrobras' fuel price policy – board member:
Brazil's Jair Bolsonaro administration will not change Petrobras' current fuel price policy, Rosangela Buzanelli Torres (pictured), the workers' representative on the board of the federal oil company, told BNamericas.
"There is no such possibility in this government because it has a commitment to that wing [of the market] that is profiting a lot," she said.
Torres added that most board members represent the government, so it has ability to change the import parity pricing policy (PPI), which indexes domestic fuel prices to international oil and natural gas prices and the exchange rate variation.
This change is key for the formation of fair prices in the country, since only a portion of fuels is imported, she said.
"This policy doesn't fit, but the government should just freeze prices until it can improve its electoral performance. After that, if it wins the elections, it will find a way to recover," she said."
Anyone get the dividend yet??
I am holding this long term, here's why:
1. The company has a solid balance sheet.
2. Operating margin and return on equity are trough the roof.
3. Demand for oil in South and Central America is only gonna increase in the next 10 years. Population increase combined with industrialisation go hand in hand with oil demand.
4. The company has a huge share of the market in the region.
5. Earnings have grown more than 50% during the last 5 years.
6. Price for oil has gone way up. Likely to stay up because of the situation in Europe.
7. The dividend is bonkers. It's likely to be cut down but even so it would be way higher than what you usually get.
Actually I hope the price falls. So I can buy more.
It appears the new CEO is getting a “thumbs up”!
Whoa, this is News, Q2--ER date is now Thurs, July28(old date was fri aug5)!!! It was just changed in the last 2 days. I suspect this is deliberate on PBR's campaign to energize the stock price and get that Good News out in the media and Declare the next Gargantuan Dividend!!!
Can someone help me understand? I bought 225 shares 05/03/23022 I received $37.41 on 06/27/2022. I thought it was supposed to be way more than that to the tune of $123.525 based on $0.549 cash amount reflected on NASDAQ as the payout. What happened to the rest of my divided?
The Share price of PBR, in face of the giant dividend is low according to most owners. Going back to the supply and demand concept, PBR is priced where it is because there is no demand at higher prices (sure it will fluctuate a few cents on any given trading day). I have read posts that target a very much higher price and touts who claim there is no negative political potential. Yet here we are with an incredible yield. Why, because the real risks are well known to others outside this board. The main risk to PBR is the people of Brazil. Any politician is just the stooge that is trying to control the people. Read what is happening in Ecuador today. I am long long long, but have my foot in the exit door to run fast. The next dividend is not a given. Just be wary of posters who claim there is no potential political issues inherent in the PBR share price. I am in the camp of the nail biter!
I received 0.5518 per share. Seems low. Anyone else with this number?
Brazil has enough oil but has not capacity to refine enough oil for domestic consumption other players
import about 30% percent that fuel if government could interfere the the price of fuel those companies would
stop importing and the economy would collapse with lack of fuel.
I see no dividend. TD AMERITRADE 14000 PLUS SHARES.😮🤢
I believe that Pbr is going to outperform the American oil companies due to low oil price and derivatives.
The perceived government influence on the company is going dissipate .
whoever is afraid of politic government interference should sell and buy Oxy or other company .
I personally I like Pbr a lot better just because there no chance Lula or other government to change (ppi).
Prb is cheaper and a better company than most congeners.
Controlling shareholder dare not ask about PBR's pricing policy, because of the likelihood of fuel shortages occurring if it were to be changed.
Next DIV pyt. July 27, hit accounts the 28, looks like 73-cents.
Brazil's Petrobras: Caio Mario Paes de Andrade was sworn in as CEO, board member on Tuesday
Bolsonaro said Sunday that the new CEO takes over with a commitment to make a quick analysis of what’s going on at the company, explain its pricing policy and say whether prices need to be adjusted immediately, according to newspaper O Globo.
Another non-consensual decision, with board member Francisco Petros saying the combination of Andrade’s academic background and professional experience “is far below Petrobras governance and management needs.”
How these huge dividend payments can be had in such an undervalued equity is mind blowing. If Bolsonaro is responsible, I salute him.
I am seeing growing turmoil in all of Brazil's neighbors. Continued pressure on cost of living is likely not going to abate soon and political issues seemed to be headed toward more/greater turmoil. When I couple that with Bolsonaro's previous actions and statements, I am getting greatly concerned that he plans to pull a "donnie" on the Brazilian people. I am pasting here some of his comments...A former army captain who began in politics with no major party affiliation, Bolsonaro, 67, made his name railing against Brazilian institutions. He has praised the former military dictatorship and often said that “only God can remove me” from power. Brazil's far-right president, Jair Bolsonaro, is actively trying to garner support from the country's armed forces ahead of October's election, deepening fears that he is planning to use the military
to remain in power This from the article on his selection of running mate. Nothing is looking great for PBR longer term. I am long but very concerned and looking/thinking (everyday) for the most profitable time and way for me to exit my position. If you read this, David, I would appreciate your thoughts and ideas (to board, David is in Brazil and very knowledgeable, as well as , logical).
oh oh! its going in the wrong direction! 20 dollars please!
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