PBR News & Events

Mixed options sentiment in Petrobras (PBR), with shares down 12c near $15.13. Options volume relatively light with 31k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.76. Implied volatility (IV30) dropped 0.65 near 34.35,and above the 52wk median, suggesting an expected daily move of $0.33. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Petrobras (PBR) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.

Namibia said it will not recognize TotalEnergies (TTE) and Petrobas' (PBR) purchase of offshore stakes in the Luderitz Basin until the companies follow the proper procedure to receive approval, Reuters reports, citing comments made by government officials. A spokesperson for the presidency further confirmed that "no transaction can be recognised or considered valid" until a formal application is submitted and prescribed statutory process.

TotalEnergies (TTE) has signed agreements to acquire a 42.5% operated interest in PEL104 Exploration license, located offshore Namibia, from Eight Offshore Investments and Maravilla Oil & Gas. Upon completion of the transaction, TotalEnergies will be the operator of the license holding a 42.5% interest alongside Petrobras (PBR), Namcor and Eight.