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Petrobras (PBR.A) Stock Falls Today on Morgan Stanley Downgrade By Andrew Meola|04/27/15 - 10:53 AM EDT NEW YORK (TheStreet) -- Shares of Petrobras fell 2.24% to $8.71 in morning trading Monday after Morgan Stanley downgraded the Brazilian state-owned energy company to "underweight" from "equal weight" and reduced its price target to $8.50. The firm said the company's debt level... Continue Reading →
Fri Apr 24, 2015 6:25pm EDT Petrobras overhaul calls for much more than corruption clean-up RIO DE JANEIRO | BY JEB BLOUNT A tower with a Brazilian flag representing an oil rig is pictured during a protest in front of the Petrobras headquarters in Rio de Janeiro REUTERS/SERGIO MORAES (Reuters) - Petrobras' decision to take a massive... Continue Reading →
Petrobras Looks Fully Priced The hobbled Brazilian oil giant’s stock accurately reflects some good news and the substantial risks it still faces. By DIMITRA DEFOTIS / Barron's April 25, 2015 12:03 a.m. ET Bad news has become good news for Brazil’s Petrobras. Otherwise known as Petróleo Brasileiro (ticker: PBR), the state-controlled oil producer and refiner has... Continue Reading →
Fri Apr 24, 2015 11:51am EDT Fitch warns it may still downgrade Petrobras in next few years RIO DE JANEIRO, APRIL 24 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA avoided an imminent credit downgrade by publishing corruption-delayed financial statements but could still have its ratings cut in the next couple of years, Fitch... Continue Reading →
Fri Apr 24, 2015 12:44 pm EDT UPDATE 2-Four Petrobras platforms halt output due to oil leak -union (Reuters) - Four Petrobras oil platforms off the northeast coast of Brazil have halted production after a leak of about 7,000 liters of oil was detected coming from a pipeline linking them, a local oil workers union... Continue Reading →
http://www.ft.com/cms/s/0/d9515292-ea7e-11e4-a701-00144feab7de.html#ixzz3YFVrrVnB WEEK IN REVIEW April 24, 2015 4:25 pm Petrobras puts chief’s pragmatism to test as woes mount Joe Leahy in São Paulo/FT ©Reuters Aldemir Bendine In an interview in 2009, Aldemir Bendine, then head of Banco do Brasil, Brazil’s biggest bank, was asked about his favourite piece of wisdom. “The pessimist complains about the wind;... Continue Reading →
Petrobras Hunts ‘Hidden Values’ for Potential Stock Sales By Sabrina Valle / Bloomberg 11:31 AM BRT April 24, 2015 Petrobras, the world’s most indebted oil producer, may sell stakes in some assets via initial public offerings as part of a wider effort to boost cash levels and improve its financial health. “Our role here is... Continue Reading →
http://www.ft.com/cms/s/0/7324c094-e975-11e4-b863-00144feab7de.html#ixzz3YEdwiwE4 Last updated: April 23, 2015 5:57 pm Petrobras struggles with losses as probe drags on Joe Leahy and Samantha Pearson in São Paulo/FT ©Reuters Aldemir Bendin says Petrobras is not going to take the corruption scandal lying down For a tense period on Wednesday evening, those gathered for the press conference of Brazil’s corruption-plagued Petrobras began to... Continue Reading →
Fri Apr 24, 2015 8:04 am EDT Brazil's Petrobras board to review 1st-qtr results on May 15 SAO PAULO The Petrobras logo is seen in front of the company's headquarters in Sao Paulo April 23, 2015. REUTERS/PAULO WHITAKER (Reuters) - Brazil's state-run oil producer Petroleo Brasileiro SA (PETR4.SA), known as Petrobras, said in a securities... Continue Reading →
Petrobras Bondholders’ Doomsday Scenario Averted With Earnings By Julia Leite Paula Sambo / Bloomberg 8:07 PM BRT April 23, 2015 For bond investors, the release of Petroleo Brasileiro SA’s audited earnings means a potential disaster was averted: a default with the potential to put billions of dollars of debt repayments in limbo. That still doesn’t... Continue Reading →
