NEW YORK, August 11, 2015 /PRNewswire/ --
ACI Association has initiated research coverage on Petroleo
Brasileiro Petrobras SA (NYSE: PBR). Select highlights from the
internally released reports are being made available to the general
public (included below), with access to the entirety of the
research available to new members.
Today, membership is open to readers on a complementary basis at
the following URL: http://www.aciassociation.com/?c=PBR
Highlights from our PBR Report include:
- June Oil & Gas production data - On
July 10, 2015, the Brazilian
multinational energy corporation, Petroleo Brasileiro Petrobras SA
(Petrobras) published oil and natural gas production data for
June 2015. The Company's oil and
natural gas production stood at 2 million 746 thousand barrels of
oil equivalent per day (boed), in Brazil and abroad. As stated in the release,
the production was 0.7% lower than the volume produced in the last
month and 4.3% higher to the volume produced in the year-ago
period.
- Production data from Brazil
- While elaborating on production details from Brazil, Petrobras said that a total of 2
million 553 thousand boed of oil and gas was produced from the
region in June 2015, which reflected
a 0.1% decline from the previous month's production. Further,
Petrobras' exclusive oil production plummeted 1.1% to 2 million 88
thousand barrels of oil per day (bdp), compared to 2 million 111
thousand bpd in May 2015. Further,
the Company informed that scheduled maintenance shutdowns for
bigger quantity of platforms' in June caused such a reduction in
the production. Meanwhile, the natural gas production in
Brazil, excluding the liquefied
volume, was 73 million 886 thousand m3/day in June, as against the
whole production of 73 million 593 thousand bpd in May, marking a
0.4% uptick on a monthly basis.
- Pre-Salt Production data - Petrobras
achieved new production records in Pre-salt in June 2015. As stated in the press release, the
Company achieved the pre-salt daily production of 811 barrels per
day (bpd), on June 26, 2015, which
was 1.1% higher than the last record achieved by the Company on
April 11, 2015. Petrobras produced
802 million bpd on April 11.
Additionally, in June 2015 the
monthly operated production was at its best level at 747 thousand
bpd, 2.9% higher than the volume of 726 thousand bpd achieved in
May.
- Production data from Abroad - Maintaining
the good performance in Lucius e Saint Malo platforms, located in
the Gulf of Mexico, in
the United States, Petrobras
produced 193 thousand barrels of oil equivalent per day (boed) from
abroad, which was equivalent to the 192 thousand boed produced in
May 2015. The Company further
informed that the oil production was 102 thousand of barrels of oil
per day (bpd), almost same to the level of 101 thousand bpd in the
previous month, due to the performance of the aforementioned
platforms.
To find out how this influences our rating on Petroleo
Brasileiro Petrobras SA, read the full report in its entirety here:
http://www.aciassociation.com/?c=PBR
--
About ACI Association:
Active Charter Investors Association ("ACI Association")
produces regular sponsored and non-sponsored reports, articles,
stock market blogs, and popular investment newsletters covering
equities listed on NYSE and NASDAQ and micro-cap stocks. ACI
Association has two distinct and independent departments. One
department produces non-sponsored analyst certified content
generally in the form of press releases, articles and reports
covering equities listed on NYSE and NASDAQ and the other produces
sponsored content (in most cases not reviewed by a registered
analyst), which typically consists of compensated investment
newsletters, articles and reports covering listed stocks and
micro-caps. Such sponsored content is outside the scope of
procedures detailed below.
ACI Association has not been compensated; directly or
indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by
a writer (the "Author") and is fact checked and reviewed by a third
party research service company (the "Reviewer"). Rohit Tuli, a CFA® charter holder (the "CFA®"),
provides necessary guidance in preparing the document templates.
The Reviewer has reviewed and revised the content, as necessary,
based on sound investment judgment and publicly available
information which is believed to be reliable. The Reviewer and the
CFA® have not performed any independent investigations or forensic
audits to validate the information herein. Unless otherwise noted,
any content outside of this document has no association with the
Author, the Reviewer, or the CFA® (collectively referred to as the
"Production Team") in any way. The Production Team is compensated
on a fixed monthly basis and do not hold any positions of interest
in any of the securities mentioned herein.
NO WARRANTY
ACI Association, the Author, the Reviewer and the CFA®
(collectively referred to as the "Publishers") are not responsible
for any error which may be occasioned at the time of printing of
this document or any error, mistake or shortcoming. No liability is
accepted by the Publishers whatsoever for any direct, indirect or
consequential loss arising from the use of this document. The
Publishers expressly disclaim any fiduciary responsibility or
liability for any consequences, financial or otherwise arising from
any reliance placed on the information in this document.
Additionally, the Publishers do not (1) guarantee the accuracy,
timeliness, completeness or correct sequencing of the information,
or (2) warrant any results from use of the information. The
included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or
a solicitation of an offer to buy or sell the securities mentioned
or discussed, and is to be used for informational purposes only.
Please read all associated disclosures and disclaimers in full
before investing. Neither ACI Association nor any party affiliated
with us is a registered investment adviser or broker-dealer with
any agency or in any jurisdiction whatsoever. To download our
report(s), read our disclosures, or for more information, visit
http://www.aciassociation.com/.
RESTRICTIONS
ACI Association is not available to residents of Belarus, Cuba, Canada,
Iran, North Korea, Sudan, Syria
or Somalia. Do not send email to
robottrap (at) aciassociation.com.
CFA® and Chartered Financial Analyst® are registered trademarks
owned by CFA Institute.
SOURCE www.aciassociation.com