Petrobras: Repeating Past Mistakes, I Don't Recommend Buying Shares [Seeking Alpha]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
Company Research
Source: Seeking Alpha
However, the strategy changed completely. The new management's plans for increased investments and the abandonment of the international price parity policy raise skepticism about the company's long-term results. Despite attractive valuation and strong fundamentals, the uncertain actions of the new management and potential political interference pose risks to the investment thesis. Investment Thesis I recommend holding Petrobras ( NYSE: PBR ) shares. The company is the largest in market cap in Latin America, and is still reaping the benefits of its strategy of divestment of non-strategic assets and focus on core business. As a result, Petrobras continues to generate a lot of cash. However, the current management of the Workers' Party plans to carry out a new (and, I believe, dangerous) cycle of investments. The new management put an end to the policy of international price parity (a pillar of the company's turnaround strategy), and with the spike in oil prices, Petrobras alre
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- Dólar cai para R$ 5,11 com dados de inflação no Brasil e nos EUAPR Web
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- Pemex Ekes Out Tiny Profit as Oil Production Decline Resumes [BNN Bloomberg (Canada)]BNN Bloomberg
- Petrobras irá distribuir R$ 21,95 bi em dividendos extraordináriosPR Web
- Presidente do Conselho de Administração da Petrobras é reeleitoPR Web