Top Energy Stocks To Buy For 2014: Petroleo Brasileiro S.A.- Petrobras(PBR)
Petroleo Brasileiro S.A. primarily engages in oil and natural gas exploration and production, refining, trade, and transportation businesses. The company?s Exploration and Production segment involves in the exploration, production, development, and production of oil, liquefied natural gas (LNG), and natural gas in Brazil. This segment supplies its products to the refineries in Brazil, as well as sells surplus petroleum and byproducts in domestic and foreign markets. Its Supply segment engages in the refining, logistics, transportation, and trade of oil and oil products; export of ethanol; and extraction and processing of schist, as well as holds interests in companies of the petrochemical sector in Brazil. The Gas and Energy segment involves in the transportation and trade of natural gas produced in or imported into Brazil; transportation and trade of LNG; and generation and trade of electric power. In addition, the segment has interests in natural gas transportation and d istribution companies; and thermoelectric power stations in Brazil, as well engages in fertilizer business. The Distribution segment distributes oil products, ethanol, and compressed natural gas in Brazil. The International segment involves in the exploration and production of oil and gas, as well as in supplying, gas and energy, and distribution operations in the Americas, Africa, Europe, and Asia. Further, the company involves in biofuel production business. Petroleo Brasileiro was founded in 1953 and is based in Rio de Janeiro, Brazil.
Advisors' Opinion:- [By Aaron Levitt]
It may finally be time for investors to grab a PBR. And no I'm not talking about the hipster beer of choice. I'm talking about one of the largest foreign integrated energy stocks — Brazil's Petrobras (PBR).
- [By Aaron Levitt]
Three more rigs will delivered this year and next. Those rigs in operation are contracted out to energy giants Chevron (CVX), Total (TOT) and Petrobras (PBR). And having three of the largest oil majors sending you checks every day has worked in PACD's favor.
- [By Ben Levisohn]
The major challenge comes from Brazil, where offshore drilling activity fell in 2013 and is expected to decline further in 2014. Halliburton won a large multi-year drilling services contract from Petrobras (PBR) before offshore activity began to slow. After putting in place the people and infrastructure to execute the contract, [Halliburton] has been very disappointed with the volume of drilling services work that Petrobras has needed under the terms of the contract…
- [By Jon C. Ogg]
PetrĂ³leo Brasileiro S.A. (NYSE: PBR), also called Petrobras, has been a disaster. After having one of the largest equity offerings ever, the outlook for this oil giant has gone from positive to negative. The ADR now trades at $12.50 versus a 52-week range of $12.03 to $20.19. Petrobras has many investors who are buried in this stock up in the $30s and the stock was up at $50 as recently as 2009. The company is beholden to its workforce ahead of investors and the government gets to dictate its pricing at unfavorable terms for it so that Brazilians can afford energy. It has massive reserves and opportunity, but the current regime is no good for Petrobras shareholders.
source from Top Stocks Blog:http://www.topstocksblog.com/top-energy-stocks-to-buy-for-2014.html
No comments:
Post a Comment