Petroleo Brasileiro S.A. (ADR) (PBR)
The national oil company of Brazil and directly or through its subsidiaries is engaged in the exploration, production, refining, distribution, import, export, marketing and transportation of hydrocarbons and oil products.
Recs
oils will drop and they have run too much with oil..check back in a few weeks for the way back up..
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Wells are coming up dry.
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Petroleo Brasileiro is a great company and will be one of the strongest long-term. Short-term, oil is headed still lower. Demand will remain weak. And it's much too soon for commodities as an inflation hedge.
Recs
Government-majority owned; state oil giants in Latin-American countries led by Socialists have a notorious history of underproduction, reserve mismanagement, and corruption. Much of this firm's reputation is built on the hype surrounding its pre-salt formations (Tupi), which the firm contain the most bountiful off-shore reserves since the North Sea. Outside reports, including those done by the SPE, acknowledge the potential for vast amounts of hydrocarbons off Brazil's coastline; however the potential of these reserves being drilled in not currently economically viable. Until the cost of drilling is reduced dramatically, these reserves will remain in the same category of Alberta's tar sands: enormous potential, not currently relevant
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Energy prices are on their way down, but in a couple weeks PBR will be a great value pickup
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Union Strikes, Opposition Party challenging earnings suggests possibility of fraudulent accounting activety, opaque balance sheets, devaluation of national currency, poor short term demand for crude, and largest claims to oil present in locations that are unattainable at current oil price levels.
Recs
shares sell at 20% premium to PBR-A but get the same dividend.
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Despite record growth this year (overall crude-oil and natural-gas output rose to 2.451 million barrels of oil equivalent a day, up 0.4% in August and up 7.6% from the year-ago period) i do not see any light in the end of the tunnel for PBR in the coming months. Even after OPEC announced a 1.5mil barrel production cut effective november 1st (aproximately 5% of their output, 2% of global usage) oil still fell aproximately 5% today. PBR's stock price unfortunately is dictated by oil prices and i don't see them turning any good profits in the next few months and such i am bearish on PBR for the next 3 months atleast. PBR will release third quarter results on November 10 and im expecting a dull outlook, solidifying my current bear stance,
Recs
bubble has burst... demand down
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Government won't let it fail..... recently discovered one of the largest discoveries in many years...setting on an enormous amount of oil - star stock picker Kenneth Heebner favorite....Could be a 500 dollar stock in 5-8 years....
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i believe oil has been well over hyped the past year or so , and don't get me wrong, its done pretty well during that period. but oil is starting to falter price wise and i believe the stocks in this entire sector will languish for a while before the next round of bullishness takes hold .
Recs
We're on the verge of an exodus of money from markets globally. This stock is up significantly over the past 12 months and it will suffer a big pullback as investors flee.
Recs
Political corruption in Brazil, inflationary volitility, large expeditures for far out time frameframes.

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