PBR.A: Petrobras - Petrleo Brasileiro S.A. Instablogs

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Thursday, March 7, 2:54 PM Two of Brazil's states plan to file lawsuits with the country's Supreme Court to fight changes to oil royalties payments that could cost the states billions of dollars in revenue. The moves follow a vote by both houses of Brazil's Congress to overturn a presidential veto of key portions of a controversial oil royalties bill. 4 Comments [Energy, Global & FX]
Thursday, March 7, 11:33 AM Petrobras (PBR +5.1%) extends yesterday's big gains as Credit Suisse upgrades shares to Outperform from Neutral with a $25 price target, believing the move to raise diesel prices may be the beginning of a change in attitude and the company may have hit an "inflection point." Comment! [Energy, Quick Ideas, On the Move]
Wednesday, March 6, 11:59 AM The increases in diesel prices made overnight and in January should add ~$3.6B to Petrobras' (PBR +11.4%) bottom line in 2013, Credit Suisse estimates. Despite a likely deterioration in PBR's finances and expectations that crude oil output will remain stagnant this year, "we could be in front of a value opportunity to [PBR's] vast growth potential," the firm says. PBR.A +5.9%. Comment! [Energy, On the Move]
Wednesday, March 6, 9:10 AM Premarket gainers: PRAN +13%. PBR +12%. CYTX +9%. PPHM +8%. GEVO +8%. MTG +8%. TSL +8%. HNR +7%. BIG +7%.PBR.A +6%. PAY +5%. WPRT +5%.
Losers: AVAV -25%. TFM -11%. AEO -9%. SOHU -8%. QIHU -5%. NBG -5%. Comment! [On the Move]
Wednesday, March 6, 8:48 AM Petrobras (PBR) +9.3% premarket after announcing it is raising the wholesale price of diesel fuel 5%, a move aimed at cutting losses from selling fuel at prices below world-market levels. Diesel is Brazil's most-used motor fuel, powering most of the country's trucks, railway locomotives and heavy machinery. 1 Comment [Energy, Global & FX, On the Move]
Wednesday, October 3, 2012, 3:54 AM Petrobras (PBR) is in talks with three prospective buyers to sell them $4B-$6B worth of stakes in oil blocks in the Gulf of Mexico, with Brazilian media reports saying Shell (RDS.A), Exxon (XOM), Chevron (CVX) and BP (BP) are likely to be the most interested. The divestments are part of Petrobras' strategy of selling $14.5B worth of non-core assets. Comment! [Energy, M&A]
Saturday, March 19, 2011, 4:46 PM U.S. and French warplanes attack Libyan targets, enforcing the U.N.-mandated no-fly zone. Timely analysis: Major Oil Companies' Exposure to Libya 40 Comments [Global & FX]

PBR.A Petrobras - Petrleo Brasileiro S.A.

PBR.A

Petrobras - Petrleo Brasileiro S.A.