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PBR-A / Petrobras stock sinks below $10 on NYSE-leading volume after UBS swings to a sell rating

Petrobras stock sinks below $10 on NYSE-leading volume after UBS swings to a sell rating
The U.S.-listed shares of Petroleo Brasileiro S/A PBR, -3.34% PETR3, -2.38% sank 3.3% in very active afternoon trading Tuesday, putting them in track for the first sub-$10 close in exactly a year, after UBS swung to bearish on the Brazil-based oil and gas giant, citing concerns over "three transformational points": fuel prices, investments and overhead. Trading volume swelled to 49.1 million shares, making the stock the most actively traded on the New York Stock Exchange (NYSE). Read More
Posted: Nov 22 2022, 14:16
Author Name: Market Watch
Views: 110837

PBR-A News  

Petrobras eyes global expansion as Brazil hopes fade, sources say

By Reuters
June 1, 2023

Petrobras eyes global expansion as Brazil hopes fade, sources say

Brazil's Petrobras may look abroad for future growth, two sources with knowledge of the state-run firm's plans told Reuters, after environmental regul more_horizontal

Petrobras Is A Rare Investment That May Generate Reliable Double-Digit Returns

By Seeking Alpha
May 30, 2023

Petrobras Is A Rare Investment That May Generate Reliable Double-Digit Returns

PetrĂ³leo Brasileiro S.A. represents a rare investment that's simply and fundamentally undervalued based on its cash flow potential. The company's sha more_horizontal

Brazil's Petrobras asks to resume process for well near Amazon mouth

By Reuters
May 25, 2023

Brazil's Petrobras asks to resume process for well near Amazon mouth

Brazilian state-run oil firm Petrobras asked to resume a licensing process for a controversial well near the mouth of the Amazon river, the company's more_horizontal

Brazil environment agency unlikely to change decision on Petrobras oil project in Amazon

By Reuters
May 22, 2023

Brazil environment agency unlikely to change decision on Petrobras oil project in Amazon

The president of Brazilian environmental agency Ibama said Monday that the agency is unlikely to change its opinion on a request made by Petrobras to more_horizontal

Lula doubts Petrobras oil project in Amazon would hurt environment

By Reuters
May 22, 2023

Lula doubts Petrobras oil project in Amazon would hurt environment

Brazilian President Luiz Inacio Lula da Silva on Monday said he finds it "difficult" to believe that oil exploration in the Amazon basin would cause e more_horizontal

Brazil's Petrobras to appeal environment agency's decision to block Amazon drilling project

By Reuters
May 18, 2023

Brazil's Petrobras to appeal environment agency's decision to block Amazon drilling project

Brazilian state-run oil company Petrobras said on Tuesday it will appeal a decision from the country's environmental agency Ibama to reject the firm's more_horizontal

Decision to block Petrobras' Amazon project roils Lula coalition

By Reuters
May 18, 2023

Decision to block Petrobras' Amazon project roils Lula coalition

The leader of President Luiz Inacio Lula da Silva's government in Brazil's Congress announced on Thursday he was leaving his party as the fallout of e more_horizontal

Brazil environment agency rejects Petrobras' request to drill at Amazon

By Reuters
May 17, 2023

Brazil environment agency rejects Petrobras' request to drill at Amazon

The Brazilian environmental protection agency Ibama said on Wednesday it rejected a request from state-run oil company Petrobras to drill a well at th more_horizontal


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