Orlando, FL -- (SBWIRE) -- 10/25/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Petroleo Brasileiro Petrobras SA (ADR)(NYSE:PBR), Nokia Corporation (ADR)(NYSE:NOK).
Petroleo Brasileiro Petrobras SA (ADR)(NYSE:PBR) shares declined 0.69% to $15.58. The company does not need funds from the country's treasury to pay its 6 billion real ($2.75 billion) share of the signing fee for its purchase of the country's biggest-ever discovery, Chief Executive Maria das Gracas Foster said on Oct. 23.
On Monday, Petrobras agreed to buy 40 percent of Libra, a giant offshore oil field, a purchase that would require it to pay the government an equivalent share of the area's 15 billion real signing charge.
Additionally, Brazilian state-run energy company Petrobras on Oct. 21 joined forces with European oil majors and Chinese rivals on Monday to buy the country's biggest-ever oil field with a lone bid at the minimum price, a worse-than-expected outcome for a sale designed to launch Brazil as a petroleum power.
The auction, conducted as police and the army clashed with hundreds of protesters objecting to the sale of natural resources to foreign companies, was notable because it sparked only a fraction of the appetite that was originally expected.
Are investors worried about the recent updates with PBR? Find out with a free trend analysis HERE
Nokia Corporation (ADR)(NYSE:NOK) shares dropped 1.92% to $7.15. The company on Oct. 22 launches first Lumia tablet, that goes up against Apple’s new iPad. The Lumia 2520 tablet made its debut Tuesday, at a Nokia World industry event in Abu Dhabi, with much fanfare and demos featuring camels.
Additionally, the company will publish its third quarter 2013 and January-September 2013 interim report on Tuesday, October 29, 2013 at approximately 1pm Finnish time (CET+1). The report will be made available on the Nokia website.
Is NOK going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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