Tag Archives: Petrobras

Petrobras Record Bond Deal

Petrobras (PBR, quote) issuing $11 billion in debt to set a record for an emerging markets debt offering.  The company is using the opportunity of negative real rates in Brazil (officially no, but in terms of true cost of living, YES), and most of the world to tap a global debt market starving for yield. 

Brazil BRIC Energy Tim Seymour

This is why Petrobras and Gazprom have been investor black holes

Petrobras (PBR, quote) announced that the company is boosting cashflow-negative and loss-leading gasoline imports at their fastest pace ever in attempt to hold down prices for alternative fuels, while trying to block investment in alternatives, or at least make investments in these kinds of products– namely, ethanol — unattractive. 

Analysis Brazil Energy Oil Russia Tim Seymour