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  • Petrobras: Take Warren Buffett's Advice [View article]
    Richard Berger,

    There seems to be a problem!

    I have read all (11) comments by you in March, on PBR, published and on record here on Seeking Alpha.

    In all 11 of them you are painting an extremely dark future for Petrobras; you are even recommending the investors in one of them to exit their positions in PBR.

    In none of your 11 comments here on Seeking Alpha you mentioned that you were actually "locking in PBR at $4.70" while you were actually telling the readers to stay away from PBR.

    Where and when on Seeking Alpha, in March 2015, did you say that with all the negativity that you were spreading around you were actually buying the same PBR stock at $4.70?

    I am talking about your credibility here!
    May 3, 2015. 02:00 PM | 1 Like Like |Link to Comment
  • Petrobras: Take Warren Buffett's Advice [View article]
    The subject is not your stock disclosure on 28 April.

    The subject is that you were extremely and repeatedly negative about PBR in your comments in March 2015 (they are here on SA), and that you just wrote that you were "able to lock in PBR at $4.70 in the same March 2015", and that I congratulated you for your successful strategy for the same month of March.

    May 2, 2015. 03:26 PM | 1 Like Like |Link to Comment
  • Petrobras: Take Warren Buffett's Advice [View article]
    "In fact, even I took a long position in PBR in March when I was able to lock in a cost basis at $4.70"

    You were able to lock in at $4.70? Well done!
    Readers here should realize that continuous barrage of negativity that is spread comment after comment can help to lock in PBR at as low as $4.70.
    Clever strategy!
    May 2, 2015. 03:07 PM | 1 Like Like |Link to Comment
  • SAN Recapitalization Will Be Beneficial Long Term [View instapost]
    The ER today is impressive!

    The recent structural moves with Unicredito and Pioneer should further add to profitability.

    Meanwhile, I made a very small, first ever (since 07/2012) sale at 7.14€ on 07 April, in line with my plan communicated above.

    Good luck to all.
    Apr 28, 2015. 09:18 AM | Likes Like |Link to Comment
  • Petrobras: Take Warren Buffett's Advice [View article]

    Your bullish argument is based on numbers.
    The author's bearish argument is based on his personal expectation of future shareholder dilution (numbers?) and on Dilma.

    The difference between these two approaches is obvious to me.

    Discl.: I've followed VincentCh in two stocks, the latest one being PBR.A

    p.s.: I'm checking out of this thread today.
    Apr 28, 2015. 03:21 AM | 1 Like Like |Link to Comment
  • Petrobras: Take Warren Buffett's Advice [View article]
    Name calling? Wow!

    "Troll" is a bad word.
    Calling a well-informed, bullish investor/ commentator "a troll" is as inappropriate as calling a bearish author "a shill, a hired gun".

    I am disappointed, but somehow not surprised.
    Apr 27, 2015. 09:22 AM | 3 Likes Like |Link to Comment
  • Eurozone ministers ponder 'Plan B' for Greece [View news story]
    IMF-led austerity measures do not work for Greece.
    They work for Ireland, Portugal, Spain, the Baltics; but not for Greece.

    Self-led, self-disciplined budgetary measures did not work for Greece.
    They work for other nations that are not running out of cash in weeks; but not for Greece.

    No economic formula works for Greece, and I couldn't care less if Greece sank tomorrow.
    Apr 27, 2015. 06:33 AM | 2 Likes Like |Link to Comment
  • Norway looks set to approve giant Johan Sverdrup oil field [View news story]
    Good! $32/bbl should be a cost low enough to be profitable.
    Apr 24, 2015. 11:30 AM | 1 Like Like |Link to Comment
  • Petrobras: Take Warren Buffett's Advice [View article]
    I do not want to disappoint you, Mr.Berger, but, no, I do not follow your words.
    I have read them in mid-March as I had initiated a position then in PBR.A, I have read others' words, too, and then I decided not to follow your advice. In fact, I made it public here on SA on 21 March 2015 as follows:

    Petrobras - Is Bankruptcy Possible? [View article]
    VincentCh is the only one who speaks with numbers.
    When he speaks I listen.

    I will start listening to Richard Berger only if Petrobras goes bankrupt in 90 days, as he claims (below).

    Mar 21, 2015. 03:06 AM|2 LikesLike|Report Abuse|Link to Comment

    Again today he is speaking numbers, you are speaking Dilma.

    Thank you for the conversation, and, good luck to you, too, Mr Berger.
    Apr 23, 2015. 02:15 PM | 16 Likes Like |Link to Comment
  • Petrobras: Take Warren Buffett's Advice [View article]
    Richard Berger,

    Crying to you for what I miss?

    Miss what, Mr Berger?

    I didn't miss what you wrote on 27 March 2015. You wrote:

    [Will Petrobras Halt Brazil's Recovery? [View article]
    There will most likely be no audit released in April. It was due in December, in default in March, and now is just "oh, I'll have it for you in a few weeks"! Ask yourself "what will be known by the company in April that was not known in Dec, Jan, Feb, Mar, ..??

    The answer is clearly "Nothing new". And therefore any auditor that signed off on the financials (ANY FINANCIALS) would be literally committing suicide. It happened in the Equity Funding Case, in Enron, and in others. When an auditor signs off after a "question" and can not show absolute proof positive documentation of how things changed after that, they will end up sued, lose, and be out of business and some even go to jail. What audit firm is going to step up for PBR to do this? PwC? I'd be ready to short them if they do (but I give them 0% chance of doing something that foolish)]

    26 days after your comments above, PwC signed off the audit report and PBR published it. In other words, your call was wrong, Mr Berger

    I didn't miss what you wrote on 19 March 2015 either. You wrote:

    "[Here's what is likely to happen in the next 90 days... The company is declared in default of a significant portion of its debt and over $100 billion becomes accelerated and due and payable immediately]

    That prediction of yours did not materialize, Mr Berger. The announcement yesterday nailed that theory of yours.

    Then there's another comment by you where you claim "Below $5.00 share price by the end of April":

    [By the end of April, I expect it will be consistently below $5.00 and remaining institutional investors will be required to flee, the remaining indexes the shares are included on will remove the ticker, and the shorts will begin another feeding frenzy].

    OK, it is not the end of April yet. We'll wait.

    I propose the following, Mr Berger: I cry for me for my investment choices, and you cry for you over your predictions that didn't come true. Deal? Deal!
    Apr 23, 2015. 11:39 AM | 24 Likes Like |Link to Comment
  • Petrobras: Take Warren Buffett's Advice [View article]
    "13) Disturbingly, the company is still unable to complete and present third quarter audited results"

    Even more disturbingly, this statement is WRONG!
    Petrobras did publish its audited Q3, Q4 and full year reports.

    Rule Number 1: Be careful, be ve-ry careful before you operate on a "news article(!)" that's been penned by Carl Surran, the author of this most recent epic mistake about the Q3 ER.
    Apr 23, 2015. 11:09 AM | 15 Likes Like |Link to Comment
  • Petrobras takes $2.1B corruption charge for Q4 [View news story]
    Carl Surran,

    The earlier version of your text included a line that was WRONG and MISGUIDING.

    I challenged you on that, asking you to prove your statement.

    After reading the notes of criticism from me and from some other commentators, you made a quick change to the earlier version by removing the earlier statement of yours that was false. You (or, SA) did that change without any apology, explanation, or trace.

    Carl, I don't know who or what keeps you employed at Seeking Alpha, but I am having the impression that you may be well connected with the HR Department. Otherwise, with the frequent mistakes (always on the negative side) in your "news articles (!)" you wouldn't be able to keep this job of yours for long.

    I and others are invested in markets with our own money; but wrong information that's often penned by you, whatever the real reason may be, is damaging our financial interest.
    Apr 23, 2015. 07:40 AM | 5 Likes Like |Link to Comment
  • Petrobras takes $2.1B corruption charge for Q4 [View news story]

    Carl Surran,

    YOU wrote above :

    "The company says it is still unable to complete and present Q3 audited results",


    PETROBRAS wrote in its note to the public :


    Rio de Janeiro – April 22, 2015 - (A free translation from the original in Portuguese).
    Petrobras announces today its audited consolidated results for 4Q-2014 and the full year 2014, stated in millions of Reais, prepared in accordance with International Financial Reporting Standards - IFRS issued by the International Accounting Standards Board - IASB. In addition, the Company has published today its consolidated interim financial statements for 3Q-2014 and the nine-month period ended September 30, 2014reviewed by the Company’s independent auditors. Those interim financial statements, and the information in this release about the Company´s 3Q-2014 results, supersede the unreviewed information in Reais that the Company published on January 28, 2015.

    ............... "

    Now I am asking YOU to SHOW US where the Petrobras management says (?) that they are unable to complete and present the Q3 audited results.

    Remember, Carl, that YOU will have ZERO CREDIBILITY unless you can show us where in the company statement you saw the line that you claim in your masterpiece above.

    I am waiting!

    Apr 23, 2015. 03:48 AM | 4 Likes Like |Link to Comment
  • Petrobras takes $2.1B corruption charge for Q4 [View news story]
    Or, invest in Haliburton and go to Iraq with VP Cheney.
    Apr 23, 2015. 03:33 AM | 6 Likes Like |Link to Comment
  • Petrobras takes $2.1B corruption charge for Q4 [View news story]
    My recent investment in PBR was up 41% yesterday before the publication of the 2014 results.

    I am expecting first a pullback in the stock price, followed by a horizontal move in the short term; and then further gains after the publication of the Q1 2015 results.

    Naturally, the "sky is falling" propaganda on this foreign stock, by usual suspects on Seeking Alpha, will continue in the short, medium and the long term. It always does.
    Apr 23, 2015. 03:32 AM | Likes Like |Link to Comment