APBR (ord) APBRA (pref) Petrobras Brasil

[elpipa]

RIO DE JANEIRO, Dec 19 (Reuters) - Shares of Brazil's state-led oil company Petroleo Brasileiro SA rose on Wednesday, closing at a six-week high, after the government said it would allow it to raise fuel prices in 2013 and the company moved to cut $15.4 billion of costs.

Brazil will "certainly" raise gasoline prices in 2013, Finance Minister Guido Mantega told reporters early Wednesday, raising expectation that Petrobras, Brazil's only refiner, will be able to stem more than $8 billion in 2012 fuel sales losses.

Later Wednesday, Petrobras said it will cut costs by 32 billion reais ($15.4 billion) between 2013 and 2016 to stanch the impact of falling output and rising debt on its ambitious expansion plan.

Petrobras is seeking to slash costs and increase revenue after a decline in output, a government fuel-price freeze, soaring prices for offshore oil development and rising debt put its $235 billion 2012-2016 investment plan at risk. It is the world's largest corporate spending program.

"Without more revenue, Petrobras can't carry out its plans. It needs a fuel increase, but we've heard this before and the government keeps putting it off," said Lucas Brendler, oil and gas company analyst with Banco Geração Futura in Porto Alegre Brasil.

"As for costs, they are doing the right thing, but I think it will take a long time for them to get the savings they expect," he added.

Petrobras preferred shares, the company's most-traded class of stock, rose 3.77 percent to 20.93 reais on the Sao Paulo BM&FBovespa exchange in its biggest one-day jump in three months and its highest close since Nov. 7.

The Bovespa index of the exchange's most-traded stocks rose 0.9 percent.

DEBT RISING

The cost-cutting plan will focus on 39 areas that accounted for 43 billion reais of spending in 2011 and seek to reduce these costs by about 8 billion reais a year, the company said in a statement.

To help finance the plan, Petrobras is also selling an estimated $14.8 billion of non-Brazilian assets in the United States, Japan, Argentina and other countries. On Dec. 5 Reuters reported that Petrobras has been having trouble selling some of those assets. The company may also have trouble getting the prices it expects if it does sell them.

Moody's Investors Service could lower Petrobras' "A3" ratings within the next 12 months should debt keep increasing considerably.

Reuters has reported that Petrobras' debt has exceeded its own ceiling of 2.5 times EBITDA, or earnings before interest, taxes, depreciation and amortization, and risen to 2.6 times EBITDA, according to a source with direct knowledge of the company's finances.

The company seeks to increase cash flow, increase productivity and increase the efficiency of its spending and measure improvements using international benchmarks, the statement said.


NOT TOO COST-EFFICIENT

According to company and industry sources, Rio de Janeiro-based Petrobras often spends far more than rivals to drill wells, build refineries, purchase ships and distribute its product than other major oil companies.

In the exploration and production division, Petrobras hopes to reduce the cost of fuels for offshore operations, reduce spending on on-shore oil and gas well work, increase productive days on drill ships, increase activity at natural gas processing facilities and reduce the number of ships that serve each offshore operation.

Its refining and supply operations seek to cut maintenance costs and reduce the use of chemicals at refineries. It wants to increase the efficiency of its tanker fleet and cut transportation costs.

It also seeks savings in its gas and energy division, Transpetro transport unit and lower information technology, communications and travel costs.

Petrobras also on Wednesday received approval for a 2.2 billion real loan from Brazil's state development bank BNDES to build a nitrogen-based fertilizer plant, BNDES said in a statement.


http://www.reuters.com/article/2012/12/ ... ews&rpc=43

[edgard]

que yo que haria? mira ni siquiera voy a intentar empatarle a un plazo fijo, ni mucho menos a la inflación, me conformo con venderla al mismo precio que entre hace ya como dos años. Este papel es una ga rom pa. En general el merval es un kioskito voy derecho a mercados de afuera en cuanto pueda. Mervallll chau chau chauuuuu

Ojo Juan con las acciones de afuera sino mira los casos de Apple, HP,Facebook, y algunas màs, no te creas que es fàcil, si el merval es un kioskito, lo de afuera es un mini market

[sebara]

Puse mi orden de venta a 70...me hace un 12% y me voy....Mañana puede ser el día, sino el viernes.

[jabalina]

esta va a andar muy bien 4,20% de suba y con el dow y compania para abajo.
23 millones de papeles operados y todavia falta media hora.
Saludos.

[CHIQUI1]

20 millones operados en el ADR, falta una hora y media, agacho un poco y esta recuperando precio, veremos si finalmente se va hacia la SMA 200 y consolida la salida alcista...

[CIRUZZO EL MILLONARIO]

Clavadito..que frene que frene la tapu!!

[CIRUZZO EL MILLONARIO]

El volumen del ADR es infernal

[CIRUZZO EL MILLONARIO]

y a ciruzzo ... quien se la puso ?

Entré como un intruso y la Cometa me la puso

[BLACK HORSE]

Me alegro chicas que esten contentas.... vamos por mas. Ahi coquea con la sma50, es una resistencia importante. Luego la sma200.

[0zK]

Falerito
compramos Araucaria Nitrogenados SA a Vale ?

[CHIQUI1]

Excelentes rimas de ambos, ozk esa es de mi autoría, en el topic de COME busca la prueba y espero tengamos excelentes negocios.!

[0zK]

tan todos en picaros hoy .......

[0zK]

y a ciruzzo ... quien se la puso ?

[Tanque]

Va en busqueda de la SMA 200, quizas estre driver de la compra de la empresa de fertilizantes haga que el humor del inversor sobre este papel cambie, de ser asi, tiene mucho por subir. Yo había emncionado unos días atras que posiblemente aumenten el precio del combustible para principios de año, esto puedo ayudar tambien, pero el driver mas importante fue la salida de Indra y de una parte de Caballo loco

No te preocupes Chiqui,
a caballo loco se la colocamos de a poco
y a Indra hasta que la vea linda

[Indra]

Indra el Lun Dic 10, 2012 7:43 pm
Es una batata esta empresa .

20,96 la 50 y 22,07 la 200.Veremos que pasa con las resistencias anteriores.
Veremos veremos dijo un ciego para mi va un poco mas arriba de 20,50. (espero no secarla )

Agrego en 22 y monedas tiene un gaps abierto y tiren una TL desde maximos de 2012 feb y los otros maximos del años.Esta ubicada hoy en 21.40.
Hoy hizo apertura en gaps como hace unos dias


Pd: sigo diciendo es una batata &#*