Petrobras (PBR)

Add a New Bears Reason Company: Petrobras (PBR) Current price: Headline: (100 character max) Analysis: Cancel 63% agree 19 votes   Drilling deep is hard Top Contributor: J.B. Schag | Created when NYSE:PBR was $118.20 | Edit | History The recently discovered Tupi and Jupiter fields present extremely hostile exploration and production environments due to the water depth. (100 character max) Cancel 75% agree 8 votes   The Brazilian government will take over the new oil findings. Created when NYSE:PBR was $50.27 | Edit | History A new 100% state controlled company will run the newly discovered oil depots. (100 character max) Cancel 75% agree 8 votes   Government controlled home prices hurts! Created when NYSE:PBR was $67.94 | Edit | History Actually, government controlled gas/diesel prices hurts petrobras profitability. When oil prices rise their profit shirinks because the populist Lula da Silva government doesn't allow a proportional increase in gas/diesel prices. (100 character max) Cancel 44% agree 9 votes   Beyond the hype Top Contributor: Otto Rock | Created when NYSE:PBR was $29.89 | Edit | History It's at this point the plain, boring, simple fact that Petrobras is a state run company needs emphasizing. Bottom line results are not the be-all-and-end-all of PBR's corporate philosophy. Never have been and never will be. Do you honestly believe that the company will continue to pay enormous dividends to foreign shareholders while at the same time taking out massive debt lines to pay for the capex? If so, you are in for a rude awakening. (100 character max) Cancel

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