Petrobras missed Q1 estimates but hit record output, stronger refining profits, $3.9B free cash flow and an early P-79 start at Buzios.
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Petrobras missed Q1 estimates but hit record output, stronger refining profits, $3.9B free cash flow and an early P-79 start at Buzios.
The Mero 3 and 4 projects plan to develop subsea pipelines and associated SURF infrastructure in the Santos Basin.
Petrobras (PBR) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
As PBR gears up to report first-quarter earnings on May 11, let's find out how the expectations stack up. Also, know how to play the stock ahead of results.
Transocean Ltd. (NYSE:RIG) is one of the most active US stocks to buy right now. On April 2, Transocean secured new contracts and extensions in Norway and Brazil totaling ~$1.0 billion in firm backlog. In Norway, the harsh environment semisubmersible Transocean Barents was awarded a 3-year contract with Vår Energi ASA at a day rate […]