Petrobras Shares Decline $7 Billion In One Day!

BLOOMBERG.
The combined market capitalization of Petrobras preferred and common shares dropped 13.3 billion reais ($7 billion) to 306.5 billion reais yesterday from 319.8 billion reais on Aug. 28. The company is the world’s fourth-largest oil producer by market value after Exxon Mobil Corp., PetroChina Co. and Royal Dutch Shell Plc.
“Petrobras fell because nobody knows well what the company’s role will be,” said David Zylberstajn.