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  • Government To Save EBX Using Petrobras, OGX's Shares Climb 17%

    The stocks of the EBX group had a strong recovery from the minimum of the session, after the Pro Value report that the government begins to prepare a plan to save the group companies of Eike Batista. Petrobras (PETR3; PETR4) have been assigned to the task, reports the newspaper's news system, especially in relation to the Port of Acu - which can collapse - news denied by the company.

    Thus, the shares of OGX Petroleo (OTCPK:OGXPY), which retreated 12% minimum in the day, reversed to positive and reached the present high of 1.75%, to £ 1.74 - a rise of over 17% - before closing in the fall of "only" 1.75%, to R $ 1.68. Only between 16h30 and 16h45, the papers showed gains of 8% to enter the auction. The company's volume also intensified enough, beating the $ 400 million - above the daily average of the past 21 days, U.S. $ 281 million

    According to Value Pro, the state should evaluate what kind of gains could have to save LLX - the government believes that it is not of interest "of the country." According to the sources consulted by the news system, the oil wells OGX may serve as a "bargaining chip."

    Açu Superport was collapsing, according to Veja magazine (Disclosure LLX)

    LLX (LLXL3), which became maximal fall of 14.71%, closed down 5.93%, to R $ 1.93 - recovery of over 10%. The MMX (MMXM3), meanwhile, saw action falling 6.25% before hitching a bullish move that raises 7.29%, to $ 2.06 - the second largest high Ibovespa right now. The title MMXM11 hybrid, closed stable at R $ 2.20.

    The index gained strength with the change in shares of Eike Batista, turning positive for the high and 0.08% closing at this time, to 55,092 points. Petrobras shares (PETR3; PETR4) does not have good movement in this session: the roles ordinary fell 1.96%, to £ 16.00, while the preferred retreated 2.19%, to R $ 17.41 - also suffering because of a leak.

    Outside the index, shares of Eike also responded well. OSX Brazil (OSXB3), who came to hitting the $ 3.17, the losses decreased to 4.74%, to R $ 3.62. MPX Energia (MPXE3) also fell hard, but turned up and was up 0.53%, to R $ 9.40. Finally, the CCX Carbon (CCXC3) rose 4.35%, to R $ 3.60.

    Disclosure: I am long OTCPK:OGXPY.

    Apr 09 7:38 AM | Link | Comment!
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