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PBR

Petrobras Loses Over $10 Billion in Market CapitalizationBrazil's state-run oil giant Petrobras ( NYSE:PBR ) finds itself in the eye of a storm as investor frustration boils over following a contentious boardroom decision. The company's market value plunged by over $10 billion in the wake of a heated debate over dividend payouts, marking a significant setback for Chief Executive Jean Paul Prates and igniting concerns about government influence and capital allocation. The crux of the issue lies in Petrobras' ( NYSE:PBR ) decision to withhold an extraordinary dividend, much to the dismay of investors who had anticipated a more generous payout. The move, attributed to board members aligned with the government, underscores the delicate balancing act facing Prates, caught between the interests of minority shareholders and a government keen on prioritizing capital spending. Petrobras ( NYSE:PBR ), once hailed as a cash cow for its shareholders, has seen a reversal of fortunes under new management appointed by President Luiz Inacio Lula da Silva. While the prior management had been generous with dividends, the current regime has adopted a more conservative approach, sparking discontent among investors accustomed to hefty payouts. The fallout from the dividend debacle has been swift and severe, with a slew of downgrades from prominent financial institutions signaling heightened risk perception and casting doubts on Petrobras' ( NYSE:PBR ) future trajectory. Analysts at Bank of America, Bradesco BBI, and Santander have all expressed concerns about the company's growing cash reserves and questioned its capital allocation strategy in the absence of an extraordinary dividend. Chief Financial Officer Sergio Caetano attempted to allay fears by emphasizing that the reserves earmarked for "capital remuneration" are strictly designated for dividend distribution and not intended for investments. However, skepticism lingers amidst uncertainty surrounding the timing and magnitude of future payouts, amplifying investor anxiety and contributing to a sharp decline in Petrobras' ( NYSE:PBR ) stock value. The repercussions of Petrobras' ( NYSE:PBR ) dividend decision extend beyond the confines of the boardroom, sending shockwaves through Brazil's stock market and dampening investor sentiment. The company's fourth-quarter earnings report, while surpassing analyst expectations, has done little to assuage concerns, highlighting the precarious balance between profitability and shareholder satisfaction in an increasingly volatile environment. As Petrobras ( NYSE:PBR ) grapples with the fallout from its dividend debacle, the road ahead appears fraught with challenges. Navigating the complex interplay of government influence, investor expectations, and operational imperatives will require deft leadership and strategic foresight. For now, all eyes remain firmly fixed on Petrobras ( NYSE:PBR ) as it seeks to regain investor trust and chart a course towards sustainable growth in the face of mounting uncertainty.
NYSE:PBR
by DEXWireNews
PBR | The Technicals Never Lie! | LONGPetroleo Brasileiro S.A. - Petrobras explores for, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; Gas and Power; and Corporate and Other Businesses segments. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries. The Refining, Transportation and Marketing segment engages in the refining, logistics, transport, marketing, and trading of crude oil and oil products; exportation of ethanol; and extraction and processing of shale, as well as holding interests in petrochemical companies. The Gas and Power segment is involved in the logistic and trading of natural gas and electricity; transportation and trading of LNG; generation of electricity through thermoelectric power plants; holding interests in transportation and distribution of natural gas; and fertilizer production and natural gas processing business. The Corporate and Other Businesses segment produces biodiesel and its co-products, and ethanol; and distributes oil products. Petroleo Brasileiro S.A. - Petrobras was incorporated in 1953 and is headquartered in Rio de Janeiro, Brazil.
NYSE:PBRLong
by DivergenceSeeker
3
The PBR is out of its bearish channelEverything is clear in the picture. The downward channel that has been broken upwards and today's red candle can be considered as a pullback. The Brazilian Stock Exchange index may drop about five percent after this and then move up, so it can put this share under a bit of pressure, but overall my opinion is bullish in the medium term. Oil prices have risen dramatically and for the next two months there is no news of Iran's return to the JCPOA and the oil market (away from sanctions) and it seems that the sentiment is positive for now. The company's report next week is also very important, so please review any transaction by yourself. That was just my opinion and there is no certainty I'll be happy to share your opinions with me.
NYSE:PBRLong
by mohammadjavadjafari
Petroleo Brasiliero up for a move up. PBRLast time when I analyzed this stock, we seen a move to the downside, confirming a zigzag as one of the potential patterns in this particular case. A bit of time has passed since then and it seems that we have clearly begun on the first instances of that coveted Wave C. We are bullish in a generally, currently bearish stock. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NYSE:PBRLong
by Rykin_Capital
PBR PetrobasPETROBRAS-ADR C is an integrated company operating in exploration, production, refining, retailing and transportation of petroleum and its byproducts at home and abroad. Analysis: This company impresses me from a financial perspective. This is a company that is managing their debt and cashflow during adverse times within an underperforming sector. I've seen that they've been having alot of activity going on this past month which indicates future sustainability when comparing their operating cashflow to their short term and long term debt scenario. Interested to see how this company performs over time! On the daily time frame, price is currently overbought when looking at the RSI and the MACD. Even with this sentiment, the previous high was broken on the 4 hour time frame. So I took a look at the smaller time frames and it seems like price is ready to start retracing to a near support level considering that the 200 and 50 ema is crossing on the 15 min time frame and under. It looks like the gap is closing on the 1 hour and the 4 hour going down. I would like to see where price is at when the rsi is oversold and the macd reverses it current crossover. If this company continues to have stable operating and free cashflow over the next few quarters, I don't see why the share price wouldn't have positive expectancy. I have a price target of $31 but realistically, I just price reach support and retrace the resistance. *not advice. just an analysis.
NYSE:PBR
by Redimere_91