MercoPress. South Atlantic News Agency
Petrobras reveals extent of its losses because of corruption and mismanagement
Brazil's state-run oil giant Petrobras which has been bashed by a wide-spread corruption scandal, reported on Wednesday a 2014 net loss of 21.6 billion Reais (7.2 billion dollars) after taking 50.8 billion Reais in charges. Read full article
Comments
Disclaimer & comment rulesSo Petrobas has a debt of US$116 BILLION.
Apr 23rd, 2015 - 09:05 am - Link - Report abuse 0ONE HUNDRED AND SIXTEEN BILLION DOLLARS.
No wonder it recently had to borrow more. Debt is never repaid according to Stevie. So Pterobas can never expect to pay this off. Just borrow more and more.
Also now we know why Petrobas is no longer “cut off” from global capital markets.
It finally had the books to show. Hence no longer “cut off”.
US$116 billion! How do you say WTF on Portuguese?
Your debts are counted in Trillions. That's a factor 1000...
Apr 23rd, 2015 - 10:29 am - Link - Report abuse 0How do you “ajo y agua” in english?
I doubt PBR will make it out of this as a private company. The fraud and SEC investigations haven't even started yet.
Apr 23rd, 2015 - 11:24 am - Link - Report abuse 0They're in deep doo doo
With very little cash and not a lot of assets to pay the claims.
Like you say about location being irrelevant, a nations debt is irrelevant unless they are in court from investors getting screwed suing that nation.
Apr 23rd, 2015 - 04:37 pm - Link - Report abuse 0Going to prove I do not live in Massachusetts sweet stevie?
I don't need to. You are lying.
Apr 23rd, 2015 - 05:01 pm - Link - Report abuse 0Your debt is not relevant until it's time to pay back. In that we agree.
Imagine we where neighbours. You flash your credit card and buy a house, car, new kitchen, rebuild your swimmingpool... you get the idea.. Because you are the bank manager your credit rate is top and you can build up a debt that excedes your annual income by multiples of 10.
You have it all, problem is that your income depends on the tax of your coworkers...
Mathematically, you will reach a point, because of the accumulating interests, where you will either have to amortize in order to not get suffocated, or increase the taxation of your coworkers.
Your coworkers are just as greedy as you though, and they will indeed switch loyalty in favour of a competing bank if you cut their share. As for amortizing, you would need to do something unthinkable... you would have to change the say you live, in order to pay your debt back for the rest of your active life.
I'll be watching you from across the street. The few things I have, I paid cash, except of the house and car, which will be paid for long before my kids moves out. I'll be watching you and thinking.... Rich? In what?? And why???
All you have is a barrel full of IOU's...
Petrobras: another YPF on steroids! That was a success, wasn't it?
Apr 23rd, 2015 - 06:03 pm - Link - Report abuse 0@4 Captain Poppy from Mass.
Apr 23rd, 2015 - 07:40 pm - Link - Report abuse 0Capt.,
What can we deduce from Troll-boy, Stevie @5 ??
@5 “The few things I have, I paid cash, except of the house and car, which will be paid for long before my kids moves out. ”
So, Stevie never qualified for credit??
And he's jealous??
I think he's confused- if Poppy is servicing his debt, why must his co-workers be “taxed” more.
I don't think he understands LENDING - but then, he does s
We ALL know Poppy is from Massachusetts, just ask Voicey - he has it dialed-in by now...
Does Stevie doubt that?? Based on what??
Troy
Apr 23rd, 2015 - 07:59 pm - Link - Report abuse 0The bank manager represents your country. The salary, taxation.
The neighbour represents the “poor” nations.
You see, if you guys don't pay, your kids will have to. There is no such thing as eternal credit worthiness. And even if there was, the interests will at some point equal the output of the affected economy.
You are just kicking the ball ahead of you, like the good parents you are, you will either default or let next generation take the bill...
@8
Apr 23rd, 2015 - 08:30 pm - Link - Report abuse 0A bit like Argentina then, what do you say to that?
Not at all. Argentinas debt isn't even near a Trillion... Much less 18 of them...
Apr 23rd, 2015 - 09:24 pm - Link - Report abuse 0Yes, yes.. GDP..
Problem is, the nation pays the debt, while random pockets collects on GDP.
Which again bring us to taxes. Or lack thereof...
8 Stevie
Apr 23rd, 2015 - 10:09 pm - Link - Report abuse 0“
You are just kicking the ball ahead of you, like the good parents you are, you will either default or let next generation take the bill...”
You finally get it - CFK's government for the past 10 years, now they don't want to pay the Bondholders who lent the money....
Whereas,other nations ARE honouring their debts.
Sorry, you can't have it both ways!
You guys paying bills is like me digging holes. The more I dig, the bigger the hole gets...
Apr 24th, 2015 - 06:14 am - Link - Report abuse 0I was wondering what it would take for you to convince me that a growing debt is a sign of a debt being paid off.
Abstract mathematics and a fifth dimension.
It all makes sense now.
I agree. Petrobas will never pay off its debt.
Apr 24th, 2015 - 06:29 am - Link - Report abuse 0Nor Brazil whose debt is in the trillions.
The end is nigh I tell you..... NIGH!
“Skip, you cleaned your room?”
Apr 24th, 2015 - 07:00 am - Link - Report abuse 0“Yes, mom.”
“But Skip! It's dirtier than ever!”
“But that was after I cleaned it mom...”
We both know your “moms” next line, Skip....
I suspect stevie is jealous that he cannot get credit, most likely because he cannot service or if he can,like Argentina he choices not too.
Apr 24th, 2015 - 10:50 am - Link - Report abuse 0Stevie do you remember Sussie...the RG_Pro American? That is who started the location shit. You think I am from where if not Massachusetts? Why do you work hard to make yourself look stupid?
15 Capt
Apr 24th, 2015 - 02:56 pm - Link - Report abuse 0“I suspect stevie is jealous that he cannot get credit, most likely because he cannot service or if he can,like Argentina he choices not too”
That was my take on him, too.
Jealous and not enfranchised - an outsider...
I will tell you, I have a great FICO score.......but even I can't buy a house on a credit card.....lolololololololol.
Apr 24th, 2015 - 04:47 pm - Link - Report abuse 0What planet is Guzz from anyway?
Stevie or Guzz or......whomever you want to be today, you seem to know so much, even that I lie about living in Massachusetts. I really want to know........just ...how much debt do I have?
You don't live in Massachusetts. We both know that. You could say you come from Delaware, but that would be a lie too. Everything points at you living inside an abandoned mall in Detroit, but I'm not sure yet...
Apr 24th, 2015 - 06:14 pm - Link - Report abuse 0PB has a debt of R$ 351 billion....more than 3 times the company's worth on the stock market.....it'll survive, but will be a lousy investment for many years to come.....
Apr 24th, 2015 - 10:37 pm - Link - Report abuse 0Stevicita........you are beyond an idiot. I already snapped a pic for voice with the globe at the state trooper barracks with a message on the paper. I will make one for a nimrod too.....you that is. You are pathetic........I have provided everything but my phone number.......and you provided what you chicken shit?......btw.....you think Dan toyed with your mom or dad first?
Apr 24th, 2015 - 10:50 pm - Link - Report abuse 0Stevie
Apr 25th, 2015 - 10:43 am - Link - Report abuse 0My mum died when I was 18. But thanks for that!
Another lie, Pops. A Photoshopped one...
Apr 25th, 2015 - 05:52 pm - Link - Report abuse 0I'm quite sure Dan didn't met my parentes, he was busy getting his piercings done...
22 Stevie
Apr 25th, 2015 - 08:00 pm - Link - Report abuse 0A bit weak, buddy - Poppy seems a lot more confident of who he is, than you are about your origins or whereabouts.
Are you a 75-80 yo SUPA TUPA anarchist living in exile in Europe, as you claimed, a young Oiler's Mate on a service vessel in the Mare Argentina, or a young hipster metrosexual Uruguano in MVD, or a rural family man farmer in N. Uruguay, ideologically and socially out of touch?
I suppose it depends who you're talking to, or what you remember from previous posts... ?
I would love you to know where I live but you apperantly base everyone on you......lying and hiding where you live. I'd even meet you in Argentina. it seems your menial existence is sadder with each passing year.
Apr 25th, 2015 - 09:15 pm - Link - Report abuse 0I can send you a post card? You can even send me one.
I'm not lying.....or hiding.....so my question to you is.....why do you seemingly lie....and definitively hide? Embarrassment or fear?
BTW......everyone knows Dan did himself in. Burned his bridges.........but I bet he seeded flowers. How's the nits doing? Full grown lice yet?
You really are desperate for friends, aren't you? You need to take it slower, you are making me doubt our relationship...
Apr 26th, 2015 - 11:33 am - Link - Report abuse 0As for Danny, he seeded flowers indeed! Now you have an entire population saying Nunca más!
;)
You are funny if nothing else.....I will go with nothing else cosita.
Apr 26th, 2015 - 02:09 pm - Link - Report abuse 0If you lived in South America you would understand that not the entire population thinks like you.......quite a few work.
Stevie
Apr 26th, 2015 - 02:55 pm - Link - Report abuse 0The Capt @24
“I would love you to know where I live but you apperantly base everyone on you......lying and hiding where you live. I'd even meet you in Argentina. it seems your menial existence is sadder with each passing year.
I can send you a post card? You can even send me one.
I'm not lying.....or hiding.....so my question to you is.....why do you seemingly lie....and definitively hide? Embarrassment or fear?”
Sounds reasonable - if you are actually in SA, Poppy is offering to fly thousands of miles to meet in Argentina.
Surely you could go the short distance from Uruguay, to meet in BA.
He's not like wee man voicey who wants to 'beat people up' in a Glasgow Starbucks.
You would have the safety of your SA hermanos.
No, it's not possible for you, is it?
You mean it sounds reasonable for me to travel to Buenos Aires in order to meet with a weirdo stalker deprived of friends?
Apr 26th, 2015 - 05:59 pm - Link - Report abuse 0Tell you what, you are in France, right?
I travel to Switzerland and we meet in the round house that looks like a cheese.
Does that sound reasonable too?
Stevie
Apr 26th, 2015 - 07:55 pm - Link - Report abuse 0If you wish to put a name and a place to Capt Poppy, then the opportunity is being provided to you, without having to travel to Massachusetts.
Very accommodating of the Capt, I would say.
After calling him out as a liar for saying he lives in Massachusetts-and insisting you live in Uruguay, here's a chance to prove yourself.
According to your present story, you are NOT the 80 yo SUPA TUPA you originally pretended to be.
Instead, you called Capt “0ld” - you can't possibly be afraid of a “Grandpa”, can you?
You're like Timmerman - given the chance to meet and you won't.
Could it be that you CAN'T meet him?
@ 29 Troy Tempest
Apr 26th, 2015 - 09:38 pm - Link - Report abuse 0“Could it be that you CAN'T meet him?”
More like Breakdowns R Us is scared that Captain Poppy might 'flash something' at him.
My choice would be a CQB knife! he wouldn't like it 'up him'! :o)
You guys should really try match.com. This is a sad excuse of a news site, and as dating site it's even worse.
Apr 26th, 2015 - 10:42 pm - Link - Report abuse 0I got an idea. Visit eachother.
I'm flattered, call it scared, overwhealmed... But most of all, I'm not interested.
Comes on guys... Seriously... Not even your wives are up for the challenge...
#31 cosita I am dying to know where I live....please tell me?
Apr 27th, 2015 - 11:19 am - Link - Report abuse 0Only 18% for la Campora
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