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Petrobras May Need More Equity: Barclays

Oct 7, 2010

Petrobras may need new equity to fund its ambitious capex plans, Barclays says, noting that the stock’s valuation is no longer compelling following last month’s $70bn equity sale. “Petrobras may need additional new equity by 2013/2014 if oil prices do not average...

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It’s going to be a tough road for [Maduro]. Given the blow to Chavismo with the death of Chavez, there is a real likelihood of some form of real change in Venezuela.

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