Esclarecimento sobre Notícia: Aprovação para Captação
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Rio de Janeiro, 5 de março de 2015 – Petróleo Brasileiro S.A. – Petrobras atende ao Ofício BM&FBovespa 0493/2015-SAE que solicita esclarecimentos conforme abaixo:
OFÍCIO 0493/2015-SAE
“Em notícia veiculada no jornal O Estado de São Paulo, edição de 04/03/2015, consta, entre outras informações, que a Petrobrás foi liberada para buscar financiamento, ainda neste ano, de até US$ 19 bilhões, bem como outras informações consideradas importantes.
Solicitamos esclarecimentos, o mais breve possível, observado o horário limite de 09h00 de 05/03/2015, sobre o teor da referida notícia, bem como outras informações consideradas importantes.”
Esclarecimento
A Petrobras esclarece que, de acordo com o Artigo 28 do seu Estatuto Social, compete ao Conselho de Administração (CA) aprovar, anualmente, o valor ao qual a Diretoria Executiva (DE) está autorizada a efetuar captação de recursos, contratação de empréstimos e financiamento no Brasil e exterior (Artigo 33, IV).
Em reunião realizada no dia 27 de fevereiro de 2015, o CA da Petrobras aprovou o limite de US$ 19,1 bilhões, até o qual a DE está autorizada a aprovar operações de captação (líquidas) ao longo de 2015.
A aprovação desse limite é efetuada anualmente pelo Conselho de Administração e não implica na obrigatoriedade da captação dos volumes autorizados.
APBR (ord) APBRA (pref) Petrobras Brasil
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mediamovil
- Mensajes: 1210
- Registrado: Dom Feb 09, 2014 7:49 pm
Re: APBR (ord) APBRA (pref) Petrobras Brasil
BOVESPA EOD mas amplio. Tener en cuenta los círculos blancos. Vean que estamos en el 38% de retroceso desde la gran caída.
Vean el fibo azul. Está colgado de un piolín esto. Vean el círculo blanco de objetivo de caída.
Vean el fibo azul. Está colgado de un piolín esto. Vean el círculo blanco de objetivo de caída.
- Adjuntos
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- Dibujo.PNG (72.46 KiB) Visto 326 veces
Re: APBR (ord) APBRA (pref) Petrobras Brasil
Pocoyo escribió:El ADR en el PRE no refleja nada de esto che, o veo mal.
Puntas 6.23x33 6.29x25
Recién se operaron 670 papeles a 6.23 en el Pre.
Re: APBR (ord) APBRA (pref) Petrobras Brasil
Muchas gracias Gaston
Re: APBR (ord) APBRA (pref) Petrobras Brasil
Venia siendo mas optimista con los caminos elegidos por la empresa. Ayer entre la aprobacion para colocar deuda por 19bn, el rechazo del senado del paquete de ajuste, y encima hoy que el real se sigue devaluando a pesar de haber subido la tasa, me saco el optimismo de golpe.
Re: APBR (ord) APBRA (pref) Petrobras Brasil
No me jodan.
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- pbr.png (48.72 KiB) Visto 347 veces
Re: APBR (ord) APBRA (pref) Petrobras Brasil
El ADR en el PRE no refleja nada de esto che, o veo mal.
Puntas 6.23x33 6.29x25
Puntas 6.23x33 6.29x25
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El Castigador
- Mensajes: 12356
- Registrado: Mar Ene 28, 2014 1:04 pm
Re: APBR (ord) APBRA (pref) Petrobras Brasil
Acá desde ayer en 37,1. Mientras vaya de nuevo a 45 todo bien 
sino a esperarla esta vez 
sino a esperarla esta vez Re: APBR (ord) APBRA (pref) Petrobras Brasil
Kubrick escribió:Y bueno yo creo q con todo esto debería abrir comodo abajo de 6, y empezar la famosa onda 5 a 4 dólares
a que llamas todo esto??? Mas de lo mismo?
Re: APBR (ord) APBRA (pref) Petrobras Brasil
Kubrick escribió:Y bueno yo creo q con todo esto debería abrir comodo abajo de 6, y empezar la famosa onda 5 a 4 dólares
Cuál creen que es el siguiente soporte? no me respondan 0
Re: APBR (ord) APBRA (pref) Petrobras Brasil
Y bueno yo creo q con todo esto debería abrir comodo abajo de 6, y empezar la famosa onda 5 a 4 dólares
Re: APBR (ord) APBRA (pref) Petrobras Brasil
Pongan la SELIC a 20% ..
2.997 BRL/USD +0.56%
2.997 BRL/USD +0.56%
Re: APBR (ord) APBRA (pref) Petrobras Brasil
(DBG) Deutsche Bank : Petrobras : Weaker Reai creates policy ris ks - downgrade to Hold: Weaker Reai creates policy risks - downg rade
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Deutsche Bank : Petrobras : Weaker Reai creates policy risks - downgrade to Hold: Weaker Reai creates policy risks - downgrade
2015-03-05 12:21:57.538 GMT
Synopsis:
*Weak Reai and regulated domestic prices is a dangerous mix
A rapid devaluation of Reai (down 12.1% ytd) on the back of challenging economic conditions and an emerging political crisis in Brazil, combined with a relatively stronger international crude prices (up 9.1% ytd) has resulted in a more rapid than expected convergence of domestic gasoline and diesel prices in Brazil with the import parity. A risk that Petrobras will resume subsidizing the Brazilian economy is increasing, which simultaneously reduces the visibility of the longer-term cash flow outlook for the stock. In light of this policy threat, we downgrade Petrobras to Hold (from Buy).
*Premium pricing no more
We estimate that at today’s prices, domestic wholesale gasoline price in Brazil already represents a 5% discount to import parity, while the wholesale diesel price is still at a premium of 8%. We have estimated previously that higher domestic product prices in Brazil would have contributed an extra c.
$1bn of operating profits for Petrobras in 1Q15. The potential reversal of the pricing relationship (weaker Reai amid continuing price controls) may result in a significant change to our profit outlook for the stock, and represents a new risk to the investment thesis.
*Changes to forecasts and valuation
Our Reai-based EBITDA estimates 2015E and 2016E EBITDA have increased 13% and 24% to reflect weaker Reai (BRL/$ rate is now assumed at 3.0 for 2015 vs
2.63 previously). Our positive operational outlook for Petrobras is contrasted with greater policy risk amid seeming political stalemate and a weakening economic outlook. In light of this policy threat, we believe it is prudent to change our target price methodology focusing on near-term EV/EBITDA multiples as opposed to a DCF valuation. Our new target prices for ordinary and preferred shares at BRL 9.7 and 9.8 are based on a sector average 2015E EV/EBITDA multiple of 6.6 and represent 6% premium to the current share price but a 23% and 25% reduction to our previous price targets.
*To raise or not to raise?
There continues to be a debate on the likelihood of an equity offering by Petrobras. On our revised estimates, we continue to estimate no external funding is required for 2015. The outlook for 2016 is more uncertain: we calculate a funding gap of $16bn, but believe an equity raise can still be avoided.
*Key risks
(1) As an oil and gas producer, Petrobras is susceptible to general commodity price risks; (2) The company is exposed to risks of the on-going Lava Jato corruption probe. Our current forecasts do not include any possible financial effects of this investigation; (3) Petrobras is heavily regulated by the Brazilian government, and there is a risk that future policy decisions will be more negative than we forecast; (4) upside risks include higher than expected production growth and a more benign local pricing environment in Brazil.
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Deutsche Bank : Petrobras : Weaker Reai creates policy risks - downgrade to Hold: Weaker Reai creates policy risks - downgrade
2015-03-05 12:21:57.538 GMT
Synopsis:
*Weak Reai and regulated domestic prices is a dangerous mix
A rapid devaluation of Reai (down 12.1% ytd) on the back of challenging economic conditions and an emerging political crisis in Brazil, combined with a relatively stronger international crude prices (up 9.1% ytd) has resulted in a more rapid than expected convergence of domestic gasoline and diesel prices in Brazil with the import parity. A risk that Petrobras will resume subsidizing the Brazilian economy is increasing, which simultaneously reduces the visibility of the longer-term cash flow outlook for the stock. In light of this policy threat, we downgrade Petrobras to Hold (from Buy).
*Premium pricing no more
We estimate that at today’s prices, domestic wholesale gasoline price in Brazil already represents a 5% discount to import parity, while the wholesale diesel price is still at a premium of 8%. We have estimated previously that higher domestic product prices in Brazil would have contributed an extra c.
$1bn of operating profits for Petrobras in 1Q15. The potential reversal of the pricing relationship (weaker Reai amid continuing price controls) may result in a significant change to our profit outlook for the stock, and represents a new risk to the investment thesis.
*Changes to forecasts and valuation
Our Reai-based EBITDA estimates 2015E and 2016E EBITDA have increased 13% and 24% to reflect weaker Reai (BRL/$ rate is now assumed at 3.0 for 2015 vs
2.63 previously). Our positive operational outlook for Petrobras is contrasted with greater policy risk amid seeming political stalemate and a weakening economic outlook. In light of this policy threat, we believe it is prudent to change our target price methodology focusing on near-term EV/EBITDA multiples as opposed to a DCF valuation. Our new target prices for ordinary and preferred shares at BRL 9.7 and 9.8 are based on a sector average 2015E EV/EBITDA multiple of 6.6 and represent 6% premium to the current share price but a 23% and 25% reduction to our previous price targets.
*To raise or not to raise?
There continues to be a debate on the likelihood of an equity offering by Petrobras. On our revised estimates, we continue to estimate no external funding is required for 2015. The outlook for 2016 is more uncertain: we calculate a funding gap of $16bn, but believe an equity raise can still be avoided.
*Key risks
(1) As an oil and gas producer, Petrobras is susceptible to general commodity price risks; (2) The company is exposed to risks of the on-going Lava Jato corruption probe. Our current forecasts do not include any possible financial effects of this investigation; (3) Petrobras is heavily regulated by the Brazilian government, and there is a risk that future policy decisions will be more negative than we forecast; (4) upside risks include higher than expected production growth and a more benign local pricing environment in Brazil.
Re: APBR (ord) APBRA (pref) Petrobras Brasil
muy cortito para hoy : SI BAJA DE LOS SEIS, OLVÍDENSE POR BASTANTE TIEMPO, PUES EN USA POR DEBAJO DE ESE VALOR COMIENZAN A SALIR TODOS LOS GRANDES INVERSORES.
Yo hoy si veo que amaga para abajo no espero mas vendo y se termino esta larga espera sin sentido porque vamos a ver una PBR en precios muchisimo mas abajo,ojala no se de pero todo indica que en brasil comienza una etapa muy caliente y a nosotros seguro nos arrastra
5-3-15 al las 09.23 hs
Yo hoy si veo que amaga para abajo no espero mas vendo y se termino esta larga espera sin sentido porque vamos a ver una PBR en precios muchisimo mas abajo,ojala no se de pero todo indica que en brasil comienza una etapa muy caliente y a nosotros seguro nos arrastra
5-3-15 al las 09.23 hs