360° Coverage : Petrobras: A Shadow of Its Former Self?

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Petrobras: A Shadow of Its Former Self?

Source: CNBC, Aug 8 2012, 3:51pm CDT

Back in 2008, Goldman Sachs listed Petrobras’ share price at $60. Today, it commands $20 a share, and we expect that price to fall further in the future. The Brazilian oil giant just is not what it once was. Investors are mostly scared by the simple fact ...

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Update
10

9 hours ago

UPDATE 1-Petrobras says it has rejected offers for Argentine assets

Source: Reuters Mobile  |   May 24 2013, 7:11pm CDT

* Company selling assets to pay for giant expansion plan * Petrobras cut outlook for asset sales by 40 pct in March RIO DE JANEIRO, May 24 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro ...

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Update
9

11 hours ago

Petrobras says it has rejected offers for Argentine assets

Source: Reuters  |   May 24 2013, 5:22pm CDT

RIO DE JANEIRO May 24 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA said on Friday that its executive directors rejected offers to buy company assets in Argentina. The announcement, in a securities filing, did not say how man ...

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Update
8

13 hours ago

Goldman Sachs Hopes For New Image With These 39 Changes

Source: Wall Street Cheat Sheet  |   May 24 2013, 3:43pm CDT

Goldman Sachs (NYSE:GS) is proving that it listens to the critics after all. More than two years ago, amid a firestorm of ill will from the public, a new Goldman committee came up with a 39-point system to change busin ...

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Update
7

16 hours ago

Brazil's Petrobras sells partial stake in Tanzania block

Source: Fox News Latino  |   May 24 2013, 1:02pm CDT

Brazilian state-controlled energy giant Petrobras said Friday it sold a 12 percent stake in an oil block off Tanzania's coast to Norway's Statoil. The transaction, whose value was not disclosed, is part of a $9.9 billion divestment pr ...

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Update
6

17 hours ago

Financial Press: Pacific Potash Corp and Sino Canada Natural Resource Fund: Moving Brazil’s Agricultural Independence Forward

Source: PRWeb  |   May 24 2013, 11:29am CDT

May 24, 2013 (Financial Press) - Brazil’s agricultural revolution has continued to roll onward. As the rapidly rising BRIC country ramps up its export output, so too does it increase its demands for fertilizer feedstock, as it curre ...

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Update
5

19 hours ago

Thank You Goldman Sachs…

Source: Howard Lindzon  |   May 24 2013, 9:57am CDT

$GS) is using Twitter these days to remind us of their giant hearts. Here is an example (the comments are priceless): There are some smart people at Goldman Sachs and of course some good people, and they know how to trade against you for sure, bu ...

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Update
4

19 hours ago

Goldman Sachs About To Put More Money In Your Pocket (GS)

Source: Forbes Blogs  |   May 24 2013, 9:53am CDT

Below is a dividend history chart for GS, showing historical dividends prior to the most recent $0.50 declared by Goldman Sachs Group Incorporated: In general, dividends are not always predictable; but looking at the histor ...

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Update
3

20 hours ago

When $1.75 Billion Isn't Enough

Source: WalletPop  |   May 24 2013, 8:54am CDT

On one hand, the company just wrapped up a dismal first quarter during which it lost a whopping $348 million. First-quarter sales dropped 16.4% to $2.635 billion, hurt by comparable-store sales, which fell a terrible ...

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Update
2

20 hours ago

Goldman Sachs Downgrades China Mobile (CHL) to Neutral

Source: Street Insider  |   May 24 2013, 8:39am CDT

CHL) from Buy to Neutral. For an analyst ratings summary and ratings history on China Mobile click here. For more ratings news on China Mobile click here. Shares of China Mobile closed at $53.22 yesterday, ...

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Update
1

21 hours ago

Petrobras sells 12 pct stake in Tanzania bloc to Statoil

Source: Reuters Mobile  |   May 24 2013, 7:29am CDT

SAO PAULO, May 24 (Reuters) - State-run Petróleo Brasileiro SA, which is undertaking a major drive to sell assets outside Brazil, sold a 12 percent stake in a Tanzania bloc to a unit of Statoil AS, according to a ...

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