APBR (ord) APBRA (pref) Petrobras Brasil

[el aprendiz]

Creoi que por 2 campos te quedas corto.... 11% el pre....
veremos como abre pero me pa....que hoy hacemos un desastre.

Yo creo que sobre el final del día otra va ser la historia, pobre de aquellos que se asusten, la van a regalar y después se van a querer cortar las bolas.

[dneop]

O sea que todos los diagnosticos alcistas que se tiraron desde el viernes, erraron por dos campos de distancia

Creoi que por 2 campos te quedas corto.... 11% el pre....
veremos como abre pero me pa....que hoy hacemos un desastre.

[relmu]

Hoy justo no voy a poder estar en la apertura por temas de laburo... bueno apenas me desocupe vuelvo.. a ponerse el casco ...

[dazman]

O sea que todos los diagnosticos alcistas que se tiraron desde el viernes, erraron por dos campos de distancia

[dneop]

El pre en -10% toc toc....
Quien es????
Yo el diablo!!!!!!
welcome to HELLLLLL!!!!!

[el aprendiz]

El pre del ADR es para llevar baratito, si abre aqui con esa baja vendo casi toda mi posición salvo PESA e INDU y la pongo aquí. Pero no creo que me den la posibilidad de comprar un 8 % abajo.

[PiConsultora]

Pre en -9

[dneop]

Un desastre va a ser hoy

[basty1968]

5,27% abajo.

[pat22]

si no recupera los 15,40/15,50... los 13,50 son inexorables
http://meta-paloyalabolsa.blogspot.com. ... 12007.html

[Taz]

"Petrobras downgraded to Underperform from Outperform at Credit Suisse

Price target lowered to $14 from $25."

Fuente: Yahoo Finance

[Taz]

4% abajo pero con 1950 papeles.
Veremos dijo un ciego, la cosa no esta fea...
...está fiera.

[basty1968]

Premarket abajo 3,5%

[dneop]

Uno más...este de "Kredit":

Black Friday. Earlier in the year, we had upgraded Petrobras to Outperform predicated on an inflection points on three fronts: (1) production growth, (2) management's credibility and early achievements to turn Petrobras around, and (3) the possibility of a more benign government attitude with surprise price increases. Of those three, production growth is very much intact, but the latter two were significantly impaired after last Friday's announcement in our view. Timid price increases and an opaque pricing methodology deteriorate corporate governance perception, weaken the position of a strong, technical management team, have a significant impact of earnings and valuation, and leave the balance sheet extremely fragile amidst a 2014 full of uncertainties. We downgrade to Underperform, TP $14/ADR.

Beware 2014. 2014 now seems an incredibly delicate year for PBR. An opaque pricing formula does not show the hoped progress over the previous methodology. It also raises the question of how one can be confident on further price increases in 2014, an election year with increasing concerns about inflation and depreciation of the BRL. All these issues have a tangible impact on PBR. Without further meaningful price hikes, it only takes a 10% BRL depreciation to make PBR a 12.5x PE stock, with a $30bn funding gap and all-time high leverage of 4.4x. This leaves little room for any operational disappointments or eventual monthly delays to production. Furthermore, a pricing policy that is more attached to balance sheet than to oil prices is inconsistent with the PBR's business needs and competitive environment.

See you in 2015. What needs to happen in 2015 for the stated pricing policy to reach is objectives of a 2.5x ND/EBITDA? If there are no hikes in 2014 and if the BRL does not depreciate further, Petrobras would have to raise prices by more than 20% in each fuel. If such increases took place, the shares would look cheap at 5.0x PE. Those would be the highest single price hikes ever in Brazil. How likely would that be? See you in 2015.

esto no me esta gustando nada...

[srv1239]

Uno más...este de "Kredit":

Black Friday. Earlier in the year, we had upgraded Petrobras to Outperform predicated on an inflection points on three fronts: (1) production growth, (2) management's credibility and early achievements to turn Petrobras around, and (3) the possibility of a more benign government attitude with surprise price increases. Of those three, production growth is very much intact, but the latter two were significantly impaired after last Friday's announcement in our view. Timid price increases and an opaque pricing methodology deteriorate corporate governance perception, weaken the position of a strong, technical management team, have a significant impact of earnings and valuation, and leave the balance sheet extremely fragile amidst a 2014 full of uncertainties. We downgrade to Underperform, TP $14/ADR.

Beware 2014. 2014 now seems an incredibly delicate year for PBR. An opaque pricing formula does not show the hoped progress over the previous methodology. It also raises the question of how one can be confident on further price increases in 2014, an election year with increasing concerns about inflation and depreciation of the BRL. All these issues have a tangible impact on PBR. Without further meaningful price hikes, it only takes a 10% BRL depreciation to make PBR a 12.5x PE stock, with a $30bn funding gap and all-time high leverage of 4.4x. This leaves little room for any operational disappointments or eventual monthly delays to production. Furthermore, a pricing policy that is more attached to balance sheet than to oil prices is inconsistent with the PBR's business needs and competitive environment.

See you in 2015. What needs to happen in 2015 for the stated pricing policy to reach is objectives of a 2.5x ND/EBITDA? If there are no hikes in 2014 and if the BRL does not depreciate further, Petrobras would have to raise prices by more than 20% in each fuel. If such increases took place, the shares would look cheap at 5.0x PE. Those would be the highest single price hikes ever in Brazil. How likely would that be? See you in 2015.