Petrobras Q4 Earnings: Unpacking The Latest Concerns
- Petrobras' 4Q24 results were marked by higher CapEx which negatively impacted dividends and raised concerns about its long-term dividend strategy. A leverage ratio increase and a 25% yearly drop in free cash flow signal financial strain amid rising investments. Political and environmental challenges, plus uncertain catalysts, make Petrobras' future outlook more risky.
- 03/01/2025
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Petróleo Brasileiro S.A. - Petrobras (PBR) Q3 2024 Earnings Call Transcript
- Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR ) Q4 2024 Results Conference Call February 27, 2025 10:00 AM ET Company Participants Fernando Melgarejo - Chief Financial and Investor Relations Officer Magda Chambriard - Chief Executive Officer Clarice Coppetti - Executive Director of Corporate Affairs Claudio Schlosser - Executive Director for Logistics, Sales and Markets Mário Spinelli - Executive Director for Governance and Compliance Mauricio Tolmasquim - Executive Director for Energy Transition and Sustainability Renata Baruzzi - Executive Director for Engineering, Technology and Innovation William France da Silva - Executive Director for Industrial Processes and Products Sylvia dos Anjos - Director for Exploration and Production Eduardo Molinari - Digital Project Manager Conference Call Participants Bruno Montanari - Morgan Stanley Gabriel Barra - Citi Monique Greco - Itaú BBA Eduardo Molinari Good morning, everyone.
- 02/28/2025
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Brazil's Petrobras posts $2.8B net loss in Q4, revenue down 10%
- Petrobras, the Brazilian state oil corporation, reported a disappointing fourth quarter with a net loss of 17 billion reais ($2.8 billion), compared to a profit of 31 billion reais the previous year.
- 02/27/2025
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Shares of Brazil's Petrobras dip after surprise capital spending surge
- Shares of Brazil's state-run oil firm Petrobras fell 4% on Sao Paulo's B3 exchange as markets opened on Thursday, after analysts were caught by surprise by capital expenditure spending 15% above the firm's guidance for 2024.
- 02/27/2025
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Petrobras posts fourth quarter net loss of $2.8 billion due to non-recurring events
- Brazil's Petrobras posted a net loss of 17 billion reais ($2.8 billion) in its fourth quarter due to exchange rate variation on debts between the state-run oil firm and its subsidiaries abroad, it said in a filing on Wednesday.
- 02/26/2025
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Petrobras Secures $1.1B Loan to Drive Energy Transition
- PBR partners with Banco do Brasil to fund sustainability projects, highlighting its commitment to decarbonization and energy transition.
- 02/25/2025
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How Two High-Yield Picks Can Boost Your Portfolio's Income: One Yields 20%
- How Two High-Yield Picks Can Boost Your Portfolio's Income: One Yields 20%
- 02/24/2025
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These 5 Energy Stocks Hedge Inflation With Growth Potential
- As U.S. inflation rates heat up again, investors are scurrying to store assets in traditional hedges. One of the most consistently well-performing sectors in environments of high inflation is energy, which has beaten inflation 74% of the time between the years 1973 and 2024.
- 02/23/2025
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Petrobras considers canceling FPSO tender after high bid, sources say
- Brazil's state-run oil firm Petrobras is considering canceling a tender to charter a production storage and offloading vessel (FPSO) from India's Shapoorji Pallonji Energy, two sources with knowledge of the matter told Reuters.
- 02/21/2025
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Petrobras Pre-Q4 Earnings Analysis: Is the Stock Worth Buying Now?
- As Petrobras gears up to report Q4 earnings on Feb. 26, let's find out how the expectations stack up. Also, know how to play the stock ahead of results.
- 02/21/2025
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Brazil's Petrobras, Banco do Brasil contract export credit notes for $1.14 billion
- Brazilian state-run oil company Petrobras and lender Banco do Brasil have contracted two export credit notes totaling 6.5 billion reais ($1.14 billion), Petrobras said on Thursday.
- 02/20/2025
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High Rates, High Returns: How Petrobras Thrives Amid Treasury Turmoil
- High Rates, High Returns: How Petrobras Thrives Amid Treasury Turmoil
- 02/20/2025
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Petrobras (PBR) Outperforms Broader Market: What You Need to Know
- In the latest trading session, Petrobras (PBR) closed at $14.83, marking a +0.47% move from the previous day.
- 02/19/2025
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10 Ideal 'Safer' January Dividend Buys, Out Of 40 Choices From Readers
- Before January 31, 2025, my REaders mentioned 40 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, readers spoke-up about the ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN ReFa/Ro: CAG, VZ, DOW, PFE, MRK GOGL, PK, PBR FRO, and TRMD averaged 40.36% net gains from reader data collected 2/17/25. Ten analysts target-augured January TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: CAG, VZ, PBR, DOW, PFE, GOGL, TRMD, PK, MRK, & FRO, boasting a 27.91% average target price upside estimate.
- 02/19/2025
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Petrobras' Largest FPSO Begins Oil Production at Buzios Field
- PBR has started oil production at the Buzios field with its high-capacity FPSO, Almirante Tamandare.
- 02/19/2025
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Brazil's Petrobras to raise diesel output by 120,000 bpd this year, says director
- Brazilian state-run oil firm Petrobras expects to boost its diesel output by some 120,000 barrels per day (bpd) this year due to the expansion of S-10 diesel production in some of its refineries, the firm's industrial processes head said.
- 02/18/2025
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Is Petrobras Stock a Smart Bet After the Latest Buzios Update?
- PBR's latest discovery in the Buzios Field highlights the potential for additional reserves beneath the main reservoir.
- 02/18/2025
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Petrobras sees vet center key to Equatorial Margin plans ready by March, sources say
- Brazilian oil firm Petrobras expects to ready a veterinary center in the Amazon to care for animals in the event of an oil spill by the end of March, two sources told Reuters on Monday.
- 02/17/2025
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Brazil's Petrobras announces fresh oil discovery in Buzios field
- Brazilian state-run oil firm Petrobras has confirmed the presence of oil in a well at its offshore Buzios field, the firm said on Friday, without giving details on the size of the discovery.
- 02/14/2025
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Petrobras Eyes African Oil to Boost Reserves as Output Decline Looms
- PBR is targeting oil assets, particularly in Angola, Namibia and South Africa, to boost its reserves. It aims to reach a production level of 2.8 million barrels per day (bpd) in 2025.
- 02/14/2025
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Petroleo Brasileiro S.A.- Petrobras (PBR) Is a Trending Stock: Facts to Know Before Betting on It
- Petrobras (PBR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 02/13/2025
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Brazil's Petrobras Can Withstand Lower Oil Prices Amid Trump's Drill Pledge, CEO Says
- Magda Chambriard, Chief Executive Officer of Brazilian state-controlled oil company Petrobras, says the firm can withstand lower oil prices following US President Donald Trump's vow to boost production for cheaper crude. Petrobras, with established markets in China and India, has a strategic plan that is "resilient" to oil at $65 a barrel, Chambriard said during an interview with Bloomberg's Menaka Doshi in New Delhi.
- 02/12/2025
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5 'Safe' Buys In 35 February Dividend Power Dogs
- The Dividend Power strategy focuses on stocks with high earnings and dividend yields, creating a resilient portfolio for both downturns and bull markets. Top five Dividend Power stocks for February 2025 include Black Stone Minerals, AG Mortgage Investment, Golden Ocean, ARMOUR Residential, and Invesco Mortgage Capital. Analysts project significant net gains for top Dividend Power stocks, with AG Mortgage and Seanergy Maritime showing the highest potential returns by February 2026.
- 02/12/2025
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Oil Prices: Petrobras Says It Can Cope With Lower Crude Amid Trump Drill Baby Drill Vow
- Magda Chambriard, Chief Executive Officer of Brazilian state-controlled oil company Petroleo Brasileiro SA, says the firm can withstand lower oil prices following US President Donald Trump's vow to boost production for cheaper crude. Petrobras, with established markets in China and India, has a strategic plan that is "resilient" to oil at $65 a barrel, Chambriard said during an interview with Bloomberg's Menaka Doshi in New Delhi.
- 02/12/2025
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Petrobras Expands Onshore Drilling in Bahia With $122M Investment
- PBR lets onshore drilling contracts to EBS and Conterp to boost oil and gas production in Bahia, creating jobs and strengthening Brazil's energy sector.
- 02/12/2025
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India's BPCL to sign optional crude deal with Petrobras for 2025-26
- India's Bharat Petroleum Corp will sign a contract with Brazil's Petrobras for optional crude imports of 6 million barrels in 2025-26, Chairman G Krishnakumar said on Wednesday at the India Energy Week conference.
- 02/11/2025
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Petrobras (PBR) Surpasses Market Returns: Some Facts Worth Knowing
- Petrobras (PBR) reachead $14 at the closing of the latest trading day, reflecting a +0.79% change compared to its last close.
- 02/11/2025
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Petrobras (PBR) Stock Drops Despite Market Gains: Important Facts to Note
- Petrobras (PBR) closed at $13.92 in the latest trading session, marking a -1.49% move from the prior day.
- 02/05/2025
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Petrobras (PBR) Increases Despite Market Slip: Here's What You Need to Know
- In the latest trading session, Petrobras (PBR) closed at $14.22, marking a +0.07% move from the previous day.
- 02/03/2025
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Brazil's Petrobras hikes diesel prices for first time since 2023
- Brazilian state-run oil company Petrobras said on Friday it will hike the prices of diesel sold to distributors for the first time in more than a year, delivering a widely anticipated fuel price tweak.
- 01/31/2025
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Petrobras Hits 2024 Production Target and Expands Reserves
- PBR announces the achievement of its 2024 production targets, the launch of new platforms and increased oil and gas reserves to 11.4 billion boe.
- 01/31/2025
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Petrobras Hits 2024 Production Targets - Is the Stock a Buy?
- PBR currently trades at a significant discount relative to its U.S. and European counterparts.
- 01/30/2025
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Brazil's Lula says Petrobras free to decide on fuel price tweaks
- Brazilian President Luiz Inacio Lula da Silva said on Thursday that Petrobras is the one responsible for deciding on fuel prices, not him, countering media reports that he had authorized the state-run oil firm to hike diesel prices.
- 01/30/2025
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Petroleo Brasileiro S.A.- Petrobras (PBR) is Attracting Investor Attention: Here is What You Should Know
- Petrobras (PBR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 01/30/2025
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Petrobras' oil and gas reserves rose to 11.4 billion boe in 2024
- Brazilian state-run oil firm Petrobras said on Wednesday that its estimated proven reserves of oil, condensate and natural gas rose to 11.4 billion barrels of oil equivalent (boe) last year from 10.9 billion in 2023.
- 01/29/2025
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Petrobras: Undervalued Stock Meets Undervalued Currency
- Petrobras is undervalued, trading at a significant discount to peers, with a target price of $36.38 by year-end 2026, offering 162.3% potential upside. The Brazilian real's current undervaluation presents a unique opportunity, historically leading to profitable returns and limited downside. Petrobras boasts less volatile free cash flow, higher margins, and faster growth than competitors, making it a resilient investment despite political risks.
- 01/29/2025
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Petrobras Stock Is On Sale, Reiterating 'Buy'
- Petrobras' strong financials, disciplined capital allocation, and world-class asset base position it as a standout in the global energy market, despite local headwinds. The stock's forward EV/EBITDA valuation of less than 2.2x indicates significant upside potential, especially as leverage continues to decline. Petrobras' low-cost operations, premium-quality crude oil, and strategic debt reduction enhance its attractiveness, making it a bargain in the O&G market.
- 01/28/2025
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Petrobras Advances Divestment of Sergipe's Tartaruga Field
- PBR initiates the binding phase to divest 25% of its stake in the Tartaruga oil field. This move is in sync with its focus on high-return projects.
- 01/28/2025
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Petrobras (PBR) Rises As Market Takes a Dip: Key Facts
- In the closing of the recent trading day, Petrobras (PBR) stood at $13.88, denoting a +1.09% change from the preceding trading day.
- 01/27/2025
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Petrobras Declares Extension of Tupi Field FPSO Stay Till 2030
- PBR announces the extension of FPSO Cidade de Angra dos Reis charter in the Tupi field by another five years, until 2030.
- 01/24/2025
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69 Graham Value All-Stars, Of 20 'Safer' Choices, Buy Any Of 14
- The Value Score identifies large-cap stocks offering the best value relative to their assets and profits, focusing on low-priced, high-value investments. The Ben Graham Formula targets ultra-stable stocks with strong earnings, dividends, and low valuations, ensuring long-term stability and minimal losses. Analysts forecast significant gains (29.57% to 79.74%) for top-ten GASV stocks by January 2026, highlighting high-yield, low-risk investment opportunities.
- 01/22/2025
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Why Petrobras Could Be The Value Stock Your Portfolio Needs
- Diversification into non-U.S. stocks like Petrobras can hedge against USD weakness, offering high yields and discounted valuations compared to U.S. peers. Petrobras' operational resilience, robust production, and strong cash flows make it attractive despite political risks from Brazilian government majority ownership. Strategic investments in high-return pre-salt projects and disciplined financial management have significantly strengthened Petrobras' balance sheet, reducing debt to its lowest level since 2008.
- 01/22/2025
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Petrobras (PBR) Rises Yet Lags Behind Market: Some Facts Worth Knowing
- In the latest trading session, Petrobras (PBR) closed at $13.81, marking a +0.66% move from the previous day.
- 01/21/2025
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Petrobras Delivers Record-Setting Refinery Output in 2024
- PBR has reached record refinery output in 2024, producing 24.4B liters of gasoline and 26.3B liters of diesel, while lowering its 2025 capex to $17 billion.
- 01/20/2025
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Petrobras reports record high refinery output in 2024
- Brazil's Petrobras saw output from its refineries hit an all-time high in 2024 with record production of gasoline and S-10 diesel, the state-run oil firm said on Friday.
- 01/17/2025
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Petrobras Nears a Deal to Regain Control of Key Fertilizer Plants
- PBR is in talks with Unigel to revive two leased fertilizer plants and resume operations to ease Brazil's dependence on imported fertilizer.
- 01/17/2025
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Petrobras Extends Contract for Vessel Safe Zephyrus Until 2027
- PBR provides Prosafe with a $109.7-million contract extension to accommodate the vessel Safe Zephyrus for another 954 days for its deepwater oil projects.
- 01/15/2025
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Is Petroleo Brasileiro (PBR) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 01/14/2025
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Petrobras Faces Arbitration Over Failure to Repair Subsea Pipeline
- Seacrest Petroleo accuses PBR of breaching pipeline repair agreements, leading to $71M in claims and ICC arbitration.
- 01/09/2025
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Petrobras Partners With PRIO to Strengthen Brazil's Natural Gas Market
- PBR partners with PRIO to provide access to the Campos Basin Integrated Gas Flow System and Cabiunas Unit, supporting Brazil's sustainable and competitive natural gas market.
- 01/09/2025
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Petrobras Raises Jet Fuel Prices by 7% in Response to Market Condition
- PBR announces a 7% increase in jet fuel prices from January 2025, addressing rising oil costs and market conditions affecting Brazil's aviation industry.
- 01/06/2025
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4 Of 35 Safe-Buy Dividend Power Dogs In January
- Four low-priced Dividend Power stocks, Golden Ocean, Invesco Mortgage, ARMOUR Residential, and FutureFuel, offer safer dividends with free cash-flow yields exceeding dividend yields. The Dividend Power strategy focuses on high earnings yield and top dividend yield stocks, creating a resilient portfolio for both downturns and bull markets. Analysts project significant gains for top Dividend Power stocks, with an average net gain of 79.97% on $10k invested in the top ten.
- 01/05/2025
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Petrobras: Expanding Production At Attractive Breakeven Economics
- Petrobras is due to increase upstream production at attractive low-cost economics. The 2025 outlook for oil prices shows little scope for pricing-related upside. So volume growth is likely to be the key fundamental driver for the year ahead. Valuations are at an attractive 27% discount vs. peers from a 1-yr fwd EV/EBITDA perspective.
- 01/03/2025
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Brazil's Petrobras raises jet fuel prices by around 7% in key markets
- Brazilian state-run oil firm Petrobras hiked jet fuel prices for distributors starting on Jan. 1 by around 7% in some key marketing areas, such as Betim, Guarulhos and Duque de Caxias, data on the company's website showed on Thursday.
- 01/02/2025
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Wall Street Bulls Look Optimistic About Petrobras (PBR): Should You Buy?
- When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
- 12/30/2024
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Petrobras Launches SNOX Emission Reduction Unit at Abreu e Lima
- PBR launches SNOX unit at Abreu e Lima refinery, raising processing capacity and cutting sulfur oxide emissions in Brazil.
- 12/30/2024
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Petrobras Terminates $35M Brava Deal for Santos Basin Fields
- PBR retains ownership of Santos Basin Fields, Urugua and Tambau after the deal with Brava Energia falls apart.
- 12/26/2024
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Petrobras and CSN to Build Low-Carbon Hydrogen Plant in Brazil
- PBR and CSN aim to decarbonize their operations and reduce emissions by building the new low-carbon hydrogen plant in Parana, Brazil.
- 12/23/2024
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Petrobras Stock Is Now Too Undervalued (Rating Upgrade)
- I'm upgrading Petrobras (PBR) (PBR.A) to "Buy" due to its undervaluation amid strong production levels and disciplined financial control despite macro and idiosyncratic risks. Brazil's tight monetary policy and fiscal concerns, along with lower refining margins, have pressured PBR's stock, but its fundamentals remain strong. Petrobras' increasing production, high utilization rates, and healthy balance sheet support its ability to maintain high dividends and execute its $111 billion investment plan.
- 12/22/2024
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Petrobras & Constellation Team Up for Offshore Drilling Work in Brazil
- PBR partners with Constellation for a $528 million deal to deploy the Amaralina Star drillship offshore Brazil, enhancing operations in key oil fields.
- 12/19/2024
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PBR Awards $2.8B Contracts for 12 New PSVs to Bram Offshore & Starnav
- Petrobras invests $2.8 billion in 12 new platform supply vessels, focusing on hybrid technology, local jobs and eco-friendly operations.
- 12/17/2024
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Petrobras: Massive Dividends And No Lula Problems
- Petrobras is a highly profitable oil company with attractive growth projects and a very high dividend yield, making it a compelling investment. The company's new 5-year plan includes $111 billion in investments, expected to generate significant free cash flows and maintain high dividend payouts. Political risks from Brazil's President Lula exist but are not dramatic, with no significant negative impact on Petrobras so far.
- 12/12/2024
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Petrobras Awards Major Offshore Contract to SLB Worth $800 Million
- SLB mentions that the offshore contract is part of PBR's broader strategy to revive its already productive fields. The contract is expected to begin in April 2025.
- 12/12/2024
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SLB Awarded Integrated Services Contract for All Petrobras' Offshore Fields in Brazil
- HOUSTON--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) today announced that it has been awarded, after a competitive tender, a new contract by Petrobras (NYSE: PBR) for integrated services across all offshore fields operated by Petrobras in Brazil. SLB will oversee the construction of more than 100 deepwater wells, utilizing advanced drilling, cementing and drilling fluids technologies on up to nine ultra-deepwater rigs. The services will primarily be provided in the Campos,.
- 12/11/2024
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Petrobras Cuts $1.1B in Spending on Platform Decommissioning Plans
- PBR cuts $1.1 billion from the decommissioning budget of its platforms for 2025-2029, signaling a shift toward platform revitalization.
- 12/09/2024
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Petrobras & Ecopetrol Announce Colombia's Biggest Ever Gas Discovery
- PBR and Ecopetrol unveil Colombia's largest-ever natural gas reserve at the Sirius-2 well, marking a turning point for the country's energy sector.
- 12/06/2024
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Petrobras' October Output Declines Following Platform Shutdowns
- PBR experiences an 11% oil and gas output drop in October due to shutdowns in Brazil's major oil fields.
- 12/05/2024
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Brazil's Lula to swap Petrobras chairman, O Globo reports
- Brazilian President Luiz Inacio Lula da Silva will appoint Petrobras chairman Pietro Mendes to a senior position at oil regulator ANP, local newspaper O Globo reported on Wednesday, citing a document from the presidential chief of staff.
- 12/04/2024
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Brazil prosecutors push Petrobras for more Amazon drilling studies
- Brazilian federal prosecutors asked state-run oil firm Petrobras to do more studies before drilling off the coast of the Amazon rainforest, citing potential effects of extreme weather on tides, according to documents filed on Monday to environmental agency Ibama.
- 12/03/2024
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Petrobras Opens Vessels Tender for Sergipe Deepwater Project
- PBR launches a bid for up to two offshore oil production vessels for its Sergipe deepwater project, strengthening the company's offshore capabilities in Brazil.
- 12/03/2024
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Petrobras: There's Still Time To Buy This On The Cheap
- Petrobras investors are navigating weakened optimism on the stock, notwithstanding its attractive valuations. PBR's revised capital spending plan suggests the focus remains on its core exploration and production activities. Assumptions of lower Brent crude prices through 2025 and higher CapEx could have increased concerns about future dividend increases.
- 12/02/2024
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Petrobras to Transfer Minority Stake in Sergipe's Tartaruga Field
- As a non-operated asset, PBR's decision to divest its stake in the Tartaruga field does not affect the company's existing operations in Sergipe.
- 12/02/2024
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Petrobras' 5-Year Plan Could Provide Strong Returns
- Petrobras, with a $93 billion market cap, plans to spend more than its current value on capital expenditures, indicating strong long-term potential. The company's 5-year guidance plan emphasizes substantial investments while ensuring robust shareholder returns, showcasing its commitment to growth and value creation. Despite its undervaluation, Petrobras presents a compelling investment opportunity due to its strategic spending and promising financial outlook.
- 12/01/2024
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Of 36 Dividend Power Dogs, 11 Are Buyable In November
- Eleven of the 35 Dividend Power Dogs are recommended for their "safer" dividends, with free cash-flow yields exceeding dividend yields, making them ideal buys. The Dividend Power strategy focuses on high earnings yield and high dividend yield, creating a resilient portfolio for both downturns and bull markets. Analysts project significant gains for the top ten DiviPower stocks by November 2025, with potential net gains ranging from 55.4% to 108.51%.
- 11/29/2024
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Petrobras: A Gift That Keeps On Giving - Rich Yields Remain Attractive
- PBR remains a compelling investment due to its discounted valuations and rich forward dividend yields, outperforming many of its oil/ gas peers. While the moderating Brent oil spot prices and perceived risks tied to the state run status may pose headwinds, the rich dividend yields more than makes up for the risks. If anything, PBR has guided $200B in operating cash flow and substantial shareholder returns through 2029, with it further underscoring its viable dividend investment thesis.
- 11/28/2024
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Petrobras-Yara Partner to Revive Fertilizer Production in Brazil
- PBR and Yara International join forces for domestic production of fertilizer ARLA 32, reducing dependency on imports.
- 11/26/2024
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Petrobras Plans Bold Return to Ethanol With Strategic Partnerships
- PBR, in talks with Raizen, BP and Inpasa, plans to invest $2.2 billion in ethanol distilleries as part of its strategic plan for a 2025-2029 biofuels comeback.
- 11/25/2024
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Petrobras approves $3.4 billion in extra dividends, $111 billion strategic plan
- Brazilian state-run oil firm Petrobras approved on Thursday a payout of 20 billion reais ($3.4 billion) in extraordinary dividends to shareholders, and it lowered the minimum cash level required for its $111 billion strategic plan.
- 11/21/2024
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Petrobras Q3 Earnings Beat Despite a Decline in Production
- As of Sept. 30, 2024, PBR has recorded a net debt of $44,251 million.
- 11/20/2024
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Petrobras Proposes $111 Billion Business Plan for 2025-2029
- PBR's new business plan outlines $111 billion in investments, including $45 billion in regular dividends and boosting production for 2025-2029.
- 11/20/2024
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Brazil's state oil company Petrobras pitches five-year $111 bln business plan
- Brazilian state-run oil firm Petrobras announced on Monday that its management proposed to the company's board a $111 billion business plan for 2025-2029, according to a securities filing.
- 11/18/2024
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PBR's Boaventura UPGN Starts First Phase of Commercial Operations
- Petrobras' new natural gas processing unit at the Boaventura energy complex is aimed at improving gas flows from Brazil's presalt fields in the Santos Basin.
- 11/15/2024
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Petrobras signs deal to supply natural gas to steel mills in Southern Brazil
- Brazilian state-controlled oil giant Petrobras said on Monday it has signed a deal with steelmaker Gerdau and gas distributor Sulgas to supply natural gas to two steel mills in the southern state of Rio Grande do Sul.
- 11/11/2024
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Petrobras: A High-Yield Investment In A Pricey Market
- Petrobras achieved impressive 3Q 2024 results, with $6.9 billion in FCF and a proposed $3 billion USD dividend, highlighting its financial strength. The company is expanding internationally, reducing domestic risks and leveraging expertise, with new stakes in South Africa and increased FPSO production. Petrobras has improved its debt position, issuing a 10-year $1 billion bond at the lowest rate in a decade, freeing up cash for shareholder returns.
- 11/11/2024
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Petróleo Brasileiro S.A. - Petrobras (PBR) Q3 2024 Earnings Call Transcript
- Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR ) Q3 2024 Earnings Conference Call November 8, 2024 12:00 PM ET Company Participants Fernando Melgarejo - Chief Financial and Investor Relations Officer Magda Chambriard - Chief Executive Officer Clarice Coppetti - Executive Director of Corporate Affairs Claudio Schlosser - Executive Director for Logistics, Sales and Markets Mário Spinelli - Executive Director for Governance and Compliance Mauricio Tolmasquim - Executive Director for Energy Transition and Sustainability Renata Baruzzi - Executive Director for Engineering, Technology and Innovation Wagner Victer - Executive Director for Production and Processes William France da Silva - Executive Director for Industrial Processes and Products Sylvia dos Anjos - Director for Exploration and Production Eduardo Molinari - Digital Project Manager Conference Call Participants Monique Greco - Itaú BBA Bruno Montanari - Morgan Stanley Bruno Amorim - Goldman Sachs Gabriel Barra - Citi Pedro Soares - BTG Pactual Rodrigo Almeida - Santander Jorge Gabrich - Scotiabank Lilyanna Yang - HSBC Caio Ribeiro - Bank of America Regis Cardoso - XP Conrado Vegner - Safra Operator Good afternoon and welcome to Petrobras' webcast with analysts and investors to discuss Q3 results.
- 11/08/2024
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Brazil's Petrobras sees possibility of extra dividends issuance this year
- Brazilian state-run oil firm Petrobras sees as "technically possible" to issue extraordinary dividends by the end of the year if its strategic plan is approved on schedule this month, its Chief Financial Officer said on Friday.
- 11/08/2024
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Brazil's Petrobras posts 22% increase in third-quarter net profit
- Brazilian state-run oil firm Petrobras reported on Thursday some 22% increase in its third-quarter net profit from a year earlier, to 32.6 billion reais ($5.7 billion).
- 11/07/2024
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Brazil's Petrobras approves $3 billion in dividends
- Brazilian state-run oil firm Petrobras said on Thursday its board approved 17.12 billion reais ($3 billion)in dividends, which represent 1.3282 real per share, according to a securities filing.
- 11/07/2024
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Petrobras, Ecopetrol Permitted to Drill Following Court Ruling
- Despite prior legal challenges, the Colombian court permits PBR and EC to proceed with natural gas drilling activities in the Tayrona area.
- 11/05/2024
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Petrobras to Report Q3 Earnings: What's in Store for the Stock?
- PBR beat the Zacks Consensus Estimate for earnings twice in the trailing four quarters while missing the same in the other two.
- 11/05/2024
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Petrobras Reports an 8.2% Decline in Q3 Oil Production
- Brazil's state-run oil company PBR reports an 8.2% drop in third-quarter oil production, highlighting challenges in maintaining output amid operational setbacks.
- 10/31/2024
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Petroleo Brasileiro S.A.- Petrobras (PBR) Is a Trending Stock: Facts to Know Before Betting on It
- Recently, Zacks.com users have been paying close attention to Petrobras (PBR). This makes it worthwhile to examine what the stock has in store.
- 10/31/2024
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Petrobras' 2025-2029 strategic plan likely to reach $110 bln, sources say
- Brazilian state-run oil firm Petrobras' new strategic plan should include some $110 billion earmarked in investments for the 2025-2029 period, two sources familiar with the matter told Reuters, representing an 8% increase from its previous multi-year forecast.
- 10/30/2024
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Petrobras (PBR) Flat As Market Gains: What You Should Know
- Petrobras (PBR) closed at $13.79 in the latest trading session, marking no change from the prior day.
- 10/28/2024
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Brazil's Petrobras posts 6.5% fall in Q3 total production
- Brazilian oil giant Petrobras reported a 6.5% decrease year-on-year in total production in the third quarter, to 2.69 million barrels of oil equivalent per day (boepd), the state-controlled company said on Monday.
- 10/28/2024
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Baker Hughes to supply pipe systems to Brazil's Petrobras
- Oilfield services company Baker Hughes announced an agreement on Monday to supply Petrobras with 77 kilometers (47.85 miles) of flexible pipe systems for Brazil's pre-salt fields in the Santos Basin.
- 10/28/2024
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67 October Graham All-Star Value Dogs Show 55 Fit To Buy
- The Value Score identifies large-cap stocks offering high-value relative to profits, cash flows, assets and sales, aiding in finding undervalued companies.
- 10/23/2024
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Why Petrobras (PBR) Dipped More Than Broader Market Today
- Petrobras (PBR) reachead $13.88 at the closing of the latest trading day, reflecting a -0.57% change compared to its last close.
- 10/22/2024
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Petrobras (PBR) Stock Slides as Market Rises: Facts to Know Before You Trade
- Petrobras (PBR) closed at $14.40 in the latest trading session, marking a -0.14% move from the prior day.
- 10/16/2024
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Wall Street Analysts Think Petrobras (PBR) Is a Good Investment: Is It?
- When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
- 10/16/2024
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Petrobras, Shell and CNOOC Sign Contracts to Expand in Brazil
- PBR signs contracts for offshore blocks in Brazil along with Shell and CNOOC, solidifying its diversification plan and boosting energy reserves for the future.
- 10/16/2024
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Petrobras to Cut 2025 Investments to $17B Amid Rising Costs and Limits
- PBR plans to cut 2025 investments to $17 billion amid government pressure to boost CAPEX, focusing on realistic, high-return projects for increased output.
- 10/15/2024
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Brazil's Petrobras to reduce investments planned for 2025, sources say
- Brazil's Petrobras is set to reduce planned investments for next year, despite requests by the government for the state-run oil firm to increase CAPEX, three sources close to the matter told Reuters.
- 10/14/2024
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Petrobras Expands Refinery Capabilities in Third-Quarter 2024
- PBR achieves record refinery utilization at 96.8%, driving exceptional production levels and reinforcing its commitment to operational excellence.
- 10/11/2024
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Petrobras (PBR) Stock Slides as Market Rises: Facts to Know Before You Trade
- In the most recent trading session, Petrobras (PBR) closed at $14.64, indicating a -1.81% shift from the previous trading day.
- 10/09/2024
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Petrobras' Discoveries to Double the Gas Potential in Colombia
- Two major gas discoveries off Colombia's coast by PBR could double the country's volume of gas reserves, providing crucial support amid growing demand.
- 10/08/2024
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Petrobras posts record gasoline production in the third quarter
- Brazilian state-run oil firm Petrobras said on Monday it produced a record 6.38 billion liters of gasoline in the third quarter, without providing a comparison base for the figure.
- 10/07/2024
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Petrobras to Close Final Deal for Redeveloping the Tupi Oil Field
- PBR is set to redevelop the Tupi oil field, boost production and resolve tax disputes, which are vital for Brazil's energy security and economic growth.
- 10/07/2024
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Petrobras Expands International Footprint With DWOB Acquisition
- PBR plans to enter South Africa's Deep Western Orange Basin, acquiring a 10% stake in a consortium led by TotalEnergies, enhancing its exploration portfolio.
- 10/04/2024
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Ecopetrol, Petrobras announce major gas discoveries in Colombia
- Colombia's state-run oil company oil Ecopetrol and Brazil's Petrobras on Thursday announced two major gas discoveries executives said would hugely increase reserves and help the Andean country remain self-sufficient for energy.
- 10/03/2024
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Petrobras (PBR) Surpasses Market Returns: Some Facts Worth Knowing
- Petrobras (PBR) closed the most recent trading day at $14.95, moving +1.15% from the previous trading session.
- 10/02/2024
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Why I'm Upgrading Petrobras Back To Buy
- I'm upgrading Petrobras back to "Buy" due to higher-than-expected FCF yield and business resilience despite struggling commodities markets. Q2 results show increased net revenues, strong cash flow, and operational efficiency, with notable production and refining achievements. Petrobras maintains low-cost production and high FCF yields, supported by unique pre-salt assets and strategic investments in exploration and renewable energy.
- 10/02/2024
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Red alert as the Petrobras forms the risky diamond pattern
- Petrobras (PBR) stock price has moved sideways in the past few months as traders focused on the ongoing oil and gas volatility. Its American ADRs were trading at $15 on Tuesday, down by over 10% from its highest point this year, meaning that it is in a correction.
- 10/02/2024
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Buy These 4 International Stocks for $1,500 Dividends On A $5,200 Investment
- 24/7 Wall Street Insights American Depositary Receipts (ADR) are official US certificates representing shares in foreign companies that can trade as stocks in the US on American stock exchanges.
- 10/01/2024
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Petrobras & Staatsolie Sign MoU to Explore Collaboration Opportunities
- PBR believes that collaborating with Staatsolie might result in the adoption of more sustainable oil and gas practices, making its operations more resilient to climate change.
- 10/01/2024
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Petrobras: Double-Upgrade To Buy On New Exploration And Stable Management
- Petrobras' new strategic plan to reportedly focus more on the core exploration & production business, with fixed allocations to low carbon M&A cut out. PBR should be able to repeat its highly successful offshore playbook in the Atlantic Margin and potentially Namibia, with geology in both comparable to the pre-salt, in our view. Political risks remain, yet with new management looking the most stable since the 2022 election and their commitment to the new plan, we see most recent concerns derisked.
- 10/01/2024
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Petrobras: Still Too Cheap For Buyers To Ignore
- Petrobras stock has outperformed its energy sector peers since early August, corroborating my bullish bias. PBR's solid profitability and robust dividend yields have likely mitigated concerns over increased political interference by the Lula administration.
- 09/30/2024
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Petrobras to Expand in Africa to Tap Global Energy Resources
- PBR to explore Africa's potential oil blocks while maintaining its focus on Brazil.
- 09/30/2024
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Petrobras (PBR) Stock Falls Amid Market Uptick: What Investors Need to Know
- In the latest trading session, Petrobras (PBR) closed at $14.56, marking a -1.95% move from the previous day.
- 09/26/2024
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Petrobras' focus remains Brazil despite Africa plans, director says
- The main focus of Brazil state-run oil firm Petrobras remains in its home country, its director of exploration and production said on Thursday, adding that Brazil was a priority even as it intends to expand into Africa.
- 09/26/2024
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68 Graham All Star Value Stocks Show 55 In September Fit To Buy
- The Value Score identifies large-cap stocks offering high value relative to their price, focusing on profits, cash flows, assets, and sales. The Ben Graham Formula targets ultra-stable stocks with strong earnings, dividends, and low valuations, ideal for long-term investment. Analysts project significant gains for top-yield Graham All-Star-Value stocks, with estimated returns ranging from 27.64% to 86.21% by September 2025.
- 09/26/2024
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Petrobras Offers Constellation Two Drillship Contracts Worth $1B
- PBR's contract with Constellation involves two ultra-deepwater drillships, Laguna Star and Tidal Action, expected to begin new contracts in third-quarter 2025.
- 09/25/2024
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Ibovespa gains 1.4% after Chinese stimulus announcement: Vale, Petrobras lead the charge
- On Tuesday, the Brazilian stock market experienced a notable turnaround, with the Ibovespa index rising by 1.4% and surpassing the crucial threshold of 132,000 points. This resurgence followed five consecutive days of declines and reflects a strong positive reaction from investors to China's recent economic stimulus measures aimed at bolstering growth amid ongoing challenges.
- 09/24/2024
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Petrobras Eyes 40% Ownership in Namibia's Mopane Oil Block
- PBR seeks to acquire the entire 40% stake in Namibia's Mopane oil field from Galp, highlighting the operational challenges of less than that.
- 09/24/2024
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Petrobras wants a 40% stake in Galp's mega oil block in Namibia, director says
- Brazil's Petrobras is expected to seek the entire 40% stake of Namibia's Mopane oil and gas exploration block put up for sale by Portugal's Galp, a director at the state-run oil firm said on Monday.
- 09/23/2024
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TotalEnergies, Petrobras in talks for potential businesses outside Brazil
- TotalEnergies is in talks with Brazilian state-run oil firm Petrobras to jointly explore potential business opportunities outside Brazil, Chief Executive Patrick Pouyanne said on Monday.
- 09/23/2024
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TechnipFMC Secures Two Petrobras Subsea Contracts in Brazil
- FTI bags two major contracts from Petrobras to enhance subsea production systems, extending its expertise in Brazil's pre-salt oil fields.
- 09/23/2024
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Petrobras: Very High Safety Margin
- Petrobras is a highly profitable Brazilian energy firm with a significant EBITDA size. The firm is also growing its production and has attractive capital return potential. Petrobras generates a high amount of free cash flow and offers dividend investors a healthy ~13% yield. Trading at a forward P/E ratio of 4.4X, Petrobras is undervalued, even when considering government control and currency devaluation risks.
- 09/20/2024
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Is It Worth Investing in Petrobras (PBR) Based on Wall Street's Bullish Views?
- Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
- 09/20/2024
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Petrobras (PBR) Advances But Underperforms Market: Key Facts
- Petrobras (PBR) closed at $14.66 in the latest trading session, marking a +0.55% move from the prior day.
- 09/19/2024
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Petrobras Shifts Focus to Oil and Gas, Reveals New Strategic Plan
- PBR's new plan places a higher emphasis on its upstream operations in a bid to rebuild reserves.
- 09/19/2024
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Petrobras' CFO Commits "Realistic" Budgeting in New Business Plan
- PBR's CFO outlines a "realistic" 2025-2029 plan with a potential debt ceiling increase and a focus on expanding oil and gas reserves.
- 09/18/2024
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Petrobras' Drilling Plans Offshore Colombia Suffer Legal Setbacks
- PBR and EC receive court orders to halt the drilling of a gas well in Colombia's Caribbean waters after an indigenous community filed a legal suit.
- 09/16/2024
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PETROBRAS ANNOUNCES CLOSING OF OFFERING OF U.S. DOLLAR-DENOMINATED GLOBAL NOTES AND FINAL RESULTS AND SETTLEMENT OF CASH TENDER OFFERS
- RIO DE JANEIRO , Sept. 16, 2024 /PRNewswire/ -- Petróleo Brasileiro S.A.
- 09/16/2024
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Petrobras (PBR) Outperforms Broader Market: What You Need to Know
- Petrobras (PBR) concluded the recent trading session at $14.53, signifying a +0.62% move from its prior day's close.
- 09/13/2024
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Petrobras Continues To Trade At A Low Valuation With Lofty Potential
- Petrobras has achieved strong production and financial results, hitting 2.8 million barrels/day and generating $10 billion in quarterly operating cash flow. The company has significantly reduced its net debt to $46.2 billion and maintains a robust cash position, enhancing financial stability. Petrobras offers impressive shareholder returns with a double-digit dividend yield, supported by strong free cash flow and substantial dividend payments.
- 09/10/2024
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PETROBRAS ANNOUNCES EXPIRATION AND EXPIRATION DATE RESULTS OF CASH TENDER OFFERS
- RIO DE JANEIRO , Sept. 10, 2024 /PRNewswire/ -- Petróleo Brasileiro S.A.
- 09/10/2024
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Petrobras Accelerates Its Plan to Re-Enter Fertilizer Industry
- PBR expedites its re-entry into the fertilizer industry, considering a $800 million investment in a plant to enhance Brazil's agricultural sector.
- 09/09/2024
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Petrobras Signs Concession Contracts for Blocks in the Pelotas Basin
- PBR, in partnership with SHEL, signs 26 concession contracts for several blocks located in the Pelotas Basin, off the southern coast of Brazil.
- 09/05/2024
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PETROBRAS ANNOUNCES OFFERING OF U.S. DOLLAR-DENOMINATED GLOBAL NOTES AND COMMENCEMENT OF CASH TENDER OFFERS
- RIO DE JANEIRO , Sept. 3, 2024 /PRNewswire/ -- Petróleo Brasileiro S.A.
- 09/03/2024
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Petrobras Is Still A Solid Hold
- I maintain a "Hold" rating on Petrobras stock due to ongoing political and geographical risks, despite its undervaluation and strong FCF generation capacity. Petrobras's strategic focus on pre-salt deepwater resources has improved profitability, but recent declines in ROCE and profitability raise concerns. Increased CapEx plans and challenges in obtaining environmental licenses could hinder future growth, especially if oil prices fall or remain flat.
- 09/01/2024
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Petrobras: Focus On The Rich Yields & Discounted Valuations - Volatility Is Inevitable
- PBR remains a compelling Buy due to its rich forward dividend yields, outperforming its oil/ gas peers and the US Treasury Yields. If anything, the state-run status, the country's volatile political scene, and the numerous leadership changes have contributed to the stock's discounted prices/ valuations. As a result, investors should not shy away from PBR's volatility, since it is part and parcel of its investment thesis.
- 08/31/2024
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Brazil's Petrobras will seek to reduce gas reinjection when possible, says CEO
- Brazil's state-run oil firm Petrobras will do what it can to reduce the reinjection of natural gas into oil wells, Chief Executive Magda Chambriard said on Wednesday.
- 08/28/2024
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Petrobras, Helix Ink Lucrative $786M Well Intervention Deals
- PBR and Helix Energy Solutions sign new three-year contracts for the Siem Helix 1 & 2 vessels to provide well-intervention services in Brazil.
- 08/28/2024
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Petrobras Seeks to Increase Energy Imports From Argentina
- PBR is eyeing Argentina's Vaca Muerta shale gas region to diversify its natural gas supplies and support Brazil's industrial growth.
- 08/27/2024
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Invest in Petrobras stock for a 60% net return in 12 months: analyst says
- Shares of Petrobras (NYSE: PBR) are rallying on Monday after a Morgan Stanley analyst issued a bullish note in its favour. Bruno Montanari recommends owning the Brazilian oil stock as it could climb to $20 over the next twelve months.
- 08/26/2024
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Petrobras (PBR) Plans to Boost Production With Digital Twin
- Petrobras (PBR) plans to deploy the digital twin tools in maritime wells across other units before the year's end to boost production efficiency by around 1%.
- 08/21/2024
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Readers Identify 25 Ideal July Dividend Buys Out Of 37 Picks
- Before July 31, 2024, my REaders mentioned 38 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, readers commented about the ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN ReFa/Ro: FSK, PFE, VZ, PFS, PBR, ET, ESEA, EL, VALE, and NOAH averaged 41.06% net gains from reader data collected 8/14/24. Ten analyst-target-augured July TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: XOM, PBR, PFE, VZ, PFS, ET, ESEA, EL, VALE & NOAH, boasting a 33.38% average target price upside estimate.
- 08/20/2024
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Petrobras (PBR) Q2 Earnings in Line on Production Growth
- As of Jun 30, 2024, Petrobras (PBR) records a net debt of $46,160 million. The company ends the quarter with cash and cash equivalents of $7,884 million.
- 08/19/2024
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Are AI Stocks A Better Investment Then Value Stocks?
- One can find stocks with superior estimated total returns by comparing their return drivers – earnings growth, dividend yield and valuation - to historic trends. This article compares investing in the Magnificent Seven Stocks to high total return dividend value stocks. The best-balanced stocks provide potential returns three times that of the Magnificent Seven.
- 08/17/2024
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Petróleo Brasileiro S.A. - Petrobras (PBR) Q2 2024 Earnings Call Transcript
- Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR ) Q2 2024 Results Conference Call August 9, 2024 10:00 AM ET Company Participants Magda Chambriard - CEO Clarice Coppett - Executive Director of Corporate Affairs Claudio Schlosser - Executive Director for Logistics, Trade and Markets Fernando Melgarejo - Executive Director of Finance and Investor Relations Mário Spinelli - Executive Director for Governance and Compliance Mauricio Tolmasquim - Executive Director for Energy Transition and Sustainability Renata Baruzzi - Executive Director for Engineering Technology and Innovation Wagner Victer - Executive Director for Production and Processes William de Silva - Executive Director for Industrial Processes and Products Conference Call Participants Bruno Montanari - Morgan Stanley Vicente Falanga - Banco Bradesco Pedro Soares - BTG Pactual Gabriel Barra - Citi Luiz Carvalho - UBS Investment Bank Regis Cardoso - XP Caio Ribeiro - Bank of America Lilyanna Yang - HSBC Rodrigo Almeida - Santander Rodolfo Angele - JPMorgan Bruno Amorim - Goldman Sachs Monique Greco - Itaú BBA Jorge Gabrich - Scotiabank Operator Good morning, and welcome to Petrobras' earnings call for analysts and investors.
- 08/12/2024
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Brazil's Petrobras does not see repurchase of refinery from Mubadala as a priority
- Petrobras does not see the repurchase of the Mataripe refinery owned by Abu Dhabi sovereign fund Mubadala (MUDEV.UL) in Brazil as a priority, the state-run firm's Chief Executive Magda Chambriard said on Friday.
- 08/09/2024
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Petrobras keeps door open for potential extra dividends this year
- Brazilian state-run oil firm Petrobras will pay extraordinary dividends if there is an "opportunity" for it, Chief Financial Officer Fernando Melgarejo said on Friday.
- 08/09/2024
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Brazil's Petrobras approves $2.45 billion payout to shareholders
- Brazilian state-run oil giant Petrobras said on Thursday that its board had approved a 13.57 billion-real ($2.45 billion) payout to shareholders in dividends and interest on equity, equivalent to 1.05 reais per share.
- 08/08/2024
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Petrobras' (PBR) Uchuva-2 Well Confirms Major Gas Discovery
- Petrobras (PBR) highlights that the Uchuva-2 well can provide relevant information for developing a new exploration and production frontier in Colombian waters.
- 08/08/2024
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Will Petrobras (PBR) Report Q2 Earnings Beat on Output Gains?
- Petrobras (PBR) beat the Zacks Consensus Estimate for earnings just once in the last four quarters and missed in the other three.
- 08/06/2024
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Exclusive: Petrobras' bid for Galp's Namibia prospect to include at least one partner, sources say
- Brazil's Petrobras will include at least one partner in its bid for a 40% stake in Galp Energia's Mopane oil prospect in Namibia, two sources with knowledge of the matter told Reuters.
- 08/02/2024
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Petrobras joins the race for Namibia's Orange Basin oil
- Yet another major oil and gas player wants in on Namibia's Orange Basin: Brazil's Petrobras (NYSE:PBR). It was revealed last week that state-owned Petrobras had made a non-binding offer to purchase a major stake in Galp Energia's Mopane oil and gas field, offshore Namibia.
- 08/02/2024
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SLB OneSubsea awarded major contract by Petrobras for two ultra-deepwater projects offshore Brazil
- HOUSTON--(BUSINESS WIRE)--Regulatory News: SLB (NYSE: SLB) has announced a major contract award by Petrobras (NYSE: PBR), following a competitive tender, to its OneSubsea™ joint venture for their standardized, pre-salt subsea production systems and related services. The scope covers the further development of two oil fields in the strategically important Santos Basin. As part of the second development of the Atapu and Sepia fields, SLB OneSubsea will provide the Petrobras-standard configured, p.
- 08/02/2024
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Don't Buy AI Stocks, Buy The Best Dividend Total Return Stocks
- I have a diversified portfolio of stocks, funds, and bonds. My stocks are primarily dividend paying value stocks. One can find dividend stocks with superior estimated total returns by comparing their return drivers – earnings growth, dividend yield and valuation - to historic trends. This article compares the earnings growth, dividend yield, current valuation, and estimated future return of 53 stocks.
- 08/01/2024
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Petrobras, CNOOC and Petrochina big winners in Brazil's PPSA oil auction
- Petrobras, and Chinese oil firms CNOOC and Petrochina were the winners of a Wednesday oil auction from Brazil's Pre-Sal Petroleo (PPSA).
- 07/31/2024
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Why Petrobras (PBR) Dipped More Than Broader Market Today
- In the latest trading session, Petrobras (PBR) closed at $14.06, marking a -0.85% move from the previous day.
- 07/30/2024
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Petrobras: 2 Reasons To Buy And 1 Reason To Sell
- Petrobras is a cheap oil company with good fundamental indicators, high dividends, and positive operational prospects. Political uncertainty surrounds Petrobras due to state ownership and influence on fuel prices, impacting government popularity and policies. Petrobras offers attractive valuation, strong cash generation, high dividends, and good prospects, but state interference poses a significant risk for investors.
- 07/30/2024
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Exclusive: Petrobras bids to operate Galp's Mopane oil field in Namibia
- Brazil's state-run oil firm Petrobras has made a non-binding offer to buy a major stake in Galp Energia's huge oil offshore discovery in Namibia, Petrobras Exploration and Production Director Sylvia dos Anjos told Reuters on Friday.
- 07/26/2024
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Investors Heavily Search Petroleo Brasileiro S.A.- Petrobras (PBR): Here is What You Need to Know
- Recently, Zacks.com users have been paying close attention to Petrobras (PBR). This makes it worthwhile to examine what the stock has in store.
- 07/26/2024
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Petrobras wrapping up due diligence to buy back refinery from Mubadala, sources say
- Brazil's state-run oil company Petrobras is wrapping up due diligence for a bid on the Mataripe refinery it sold to Abu Dhabi sovereign fund Mubadala for $1.65 billion in 2021, three people familiar with the matter told Reuters.
- 07/26/2024
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Petrobras (PBR) Registers a Bigger Fall Than the Market: Important Facts to Note
- In the closing of the recent trading day, Petrobras (PBR) stood at $14.57, denoting a -1.22% change from the preceding trading day.
- 07/23/2024
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24 Barron's Pro-Picked 2024 Mid-Year Dividend Dogs: Buy 2 In July
- Barron's Mid-Year 2024 Pro Picks revealed by panelists for potential investment opportunities. Barron's interviews of eleven financial industry Roundtable-pros tapped 48 predictions. Twelve non-ADR foreign stocks and six funds were dropped by YCharts screens, and six selections paid no dividends, leaving 24 in the final pool. The Barron's list tracked by YCharts as of 7/17/24 projected ten top analyst-estimated net gains from WST, ASML, PBR, RUSHA & topped by SLB ranging 19.46%-35.09%.
- 07/23/2024
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5 Ultra-High Yield Dividend Stocks to Buy in July and Hold Forever
- 24/7 Insights Ultra-high yield dividend stocks could explode higher as interest rates are cut over the next 2 years These are also among the best stocks to own for generating passive income Check out this free report Access 2 legendary, high-yield dividend stocks Wall Street loves Investors love dividend stocks, especially the ultra-high yield variety, because they offer a significant income stream and massive total return potential.
- 07/18/2024
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Want $4,000 in Passive Income? Invest $3,000 Each Into These 10 Dividend Stocks
- 24/7 Insights Passive income is a steady stream of unearned income that doesn't require active traditional work.
- 07/18/2024
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Bullish on Petrobras (PBR)
- Petrobras (PBR) is today's morning trade for beginner, intermediate, and advanced options traders. Alan Knuckman demonstrates a bullish example trade using the stock.
- 07/15/2024
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Why the Market Dipped But Petrobras (PBR) Gained Today
- In the most recent trading session, Petrobras (PBR) closed at $15.19, indicating a +0.33% shift from the previous trading day.
- 07/11/2024
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Petrobras (PBR) Eyes Expansion of Bolivia's Gas Investments
- Petrobras (PBR) eyes Bolivian natural gas investment to revive domestic fertilizer production and aims to raise gas output to 30 million cubic meters per day.
- 07/11/2024
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Petrobras (PBR) Raises Domestic Gasoline Prices in Brazil
- Petrobras (PBR) hikes gasoline prices by 7.1% for the first time in 11 months, raising inflation fears and impacting consumers amid changing political and corporate dynamics and currency depreciation.
- 07/09/2024
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Brazil's Petrobras hikes gasoline prices for first time in 11 months
- Brazilian state-run oil company Petrobras will raise gasoline prices for distributors for the first time in almost a year this week, it said on Monday, while also hiking liquefied petroleum gas (LPG) prices.
- 07/08/2024
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Global Oil Firms Bet Big on Namibia Discovery Amid Energy Shift
- Global oil giants like Chevron (CVX), Petrobras (PBR) and TotalEnergies (TTE) vie fiercely for Galp Energia's Namibia oil stake, betting on burgeoning fossil fuel demand and growth opportunities.
- 07/03/2024
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Pembina (PBR) Signs Deal to Acquire 50% Stake in Whitecap
- Pembina's (PBA) venture entity, Pembina Gas Infrastructure, signs a deal to buy 50% of Whitecap's Kaybob complex for C$252M, securing long-term agreements for infrastructure and future growth.
- 07/03/2024
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Petrobras (PBR) Puts Off the Barracuda-Caratinga FPSO Tender
- Petrobras (PBR) delays the Barracuda-Caratinga FPSO tender for the second time due to difficulty in attracting floater companies for its Campos basin project.
- 07/01/2024
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Petrobras (PBR) Stock Falls Amid Market Uptick: What Investors Need to Know
- Petrobras (PBR) reachead $14.21 at the closing of the latest trading day, reflecting a -0.63% change compared to its last close.
- 06/26/2024
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Petrobras (PBR) Signs Gas Supply Deal With Gerdau, Naturgy
- Petrobras (PBR), Gerdau and Naturgy sign a deal for natural gas supply in Rio de Janeiro's free-market environment, aiming to boost competitiveness, market liberalization, sustainability and investment.
- 06/25/2024
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Petrobras: Don't Overstate The Lula Risk
- Petrobras investors were stunned again as the market sent PBR into a bear market. The dismissal of PBR's ex-CEO has intensified concerns about interference by the Lula administration. Investors will likely take time to assess PBR's new top leadership team.
- 06/24/2024
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Petrobras (PBR) Starts Drilling Uchuva-2 Well in Colombia
- Petrobras (PBR), in partnership with Ecopetrol, begins drilling the Uchuva-2 well on Colombia's Caribbean coast to validate the significant Uchuva-1 gas discovery and enhance gas supply.
- 06/24/2024
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Want $13,000 in Passive Income? Invest $10,000 in These 11 Dividend Stocks
- 24/7 Wall Street Insights: Inflation is continuing to advance in real costs to consumers.
- 06/23/2024
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70 All-Star And Graham Value Stocks: 57 Fit To Buy In June
- Large Cap Value rankings from YCharts identify stocks with low prices relative to their assets and profits. The Ben Graham Formula strategy selects stable stocks with strong earnings and dividends based on Graham's book "The Intelligent Investor". 57 out of 70 All-Star-Value Dividend stocks offer annual dividends (from $1K invested) exceeding their price per share.
- 06/21/2024
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Petrobras (PBR) Rises As Market Takes a Dip: Key Facts
- In the closing of the recent trading day, Petrobras (PBR) stood at $14.01, denoting a +1.37% change from the preceding trading day.
- 06/20/2024
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Strike at Brazil environmental agency impacts Petrobras' Equatorial Margin drilling request
- The ongoing strike at Brazil's environmental agency Ibama is impacting the analysis of Petrobras' request to drill a well in the Equatorial Margin, an Ibama official told Reuters on Thursday.
- 06/20/2024
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Petrobras: Focus On The 4X P/E Ratio, Not The 13% Yield (Rating Upgrade)
- Petrobras is a capital return play with solid growth potential. OPEC+ price support measures could boost longer-term petroleum prices, making Petrobras stock an attractive investment. Petrobras generated $6.5B in free cash flow in Q1 and continues to pay shareholders a healthy regular dividend.
- 06/20/2024
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New Petrobras CEO says president wants firm to boost national economy
- The chief executive of Brazilian oil giant Petrobras , Madga Chambriard, said the country's president asked her to work toward boosting the nation's economy while maintaining profitability at the oil firm.
- 06/19/2024
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Brazil agency nears decision amid Petrobras pressure to explore offshore Equatorial Margin
- The head of Brazil's environmental agency said on Wednesday that he expects a decision soon on state-owned oil company Petrobras' request to conduct exploratory studies in a region known as the Equatorial Margin, as both the company and the government push for a drilling license.
- 06/19/2024
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Petrobras (PBR) Inks Vessel Contracts With Solstad Offshore
- Petrobras (PBR) awards Solstad Offshore multi-year contracts worth $243 million for three vessels, enhancing operational efficiency in Brazil.
- 06/17/2024
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Petrobras (PBR) Suffers a Larger Drop Than the General Market: Key Insights
- In the most recent trading session, Petrobras (PBR) closed at $13.59, indicating a -1.52% shift from the previous trading day.
- 06/14/2024
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Petrobras (PBR) to Develop Advanced Subsea Pumping Technology
- Petrobras (PBR) collaborates with Curtiss-Wright (CW) to develop a fully electric subsea pumping system that will use hermetically sealed motors instead of traditional mechanical seals.
- 06/14/2024
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Petrobras CEO to name new management team on Friday, newspaper says
- The chief executive of Brazilian state-run oil company Petrobras , Magda Chambriard, is expected to announce the firm's new management team later on Friday, newspaper O Globo reported.
- 06/14/2024
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Petrobras (PBR), Shearwater Team Up for Seismic Innovation
- Petrobras (PBR) and Shearwater GeoServices sign a five-year agreement to advance seismic tech by enhancing seismic data quality, efficiency and innovation in oil and gas exploration.
- 06/13/2024
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Petrobras, Baker Hughes Ink Well Construction Contract
- Petrobras PBR, recently announced its partnership with Baker Hughes BKR, one of the world's largest oil field services companies, for critical offshore oil and gas services in Brazil. This collaboration, set to commence in 2025, marks a significant milestone for each entity promising enhanced operational efficiency and unparalleled service delivery.
- 06/11/2024
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Petrobras (PBR), Baker Hughes Ink Well Construction Contract
- Petrobras (PBR) partners with Baker Hughes to enhance offshore oil operations in Brazil, boosting efficiency and service starting in 2025.
- 06/11/2024
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Contrarian Crusaders: 3 Stocks Championing the Cause of Unconventional Gains
- If you've been paying any attention to the performance of U.S. equities, it has been difficult to not hear about the big names in the market. The meteoric rise of Nvidia (NASDAQ: NVDA ), for example, still captures headlines today, as the AI craze rages continues.
- 06/11/2024
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Petrobras (PBR) Rises Higher Than Market: Key Facts
- Petrobras (PBR) closed the most recent trading day at $14.59, moving +0.34% from the previous trading session.
- 06/10/2024
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TechnipFMC, Sulzer Team Up on CO2 Pumps for Petrobras
- TechnipFMC plc, a leading subsea equipment and services provider, joined forces with Sulzer Flow Equipment to develop innovative subsea carbon dioxide (CO2) pump solutions. These supercritical CO2 pumps, being created and tested for Petrobras, are essential to the Brazilian energy company's High-Pressure Separation Technology (HISEP). This collaboration, initiated in 2017, is aimed at revolutionizing the energy sector by enhancing efficiency and reducing emissions.
- 06/10/2024
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Petrobras (PBR), Vallourec Team Up for Offshore Development
- Petrobras (PBR) extends a contract with Vallourec for GRE-lined carbon steel tubes and accessories for offshore drilling in Brazil's Campos Basin.
- 06/10/2024
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Petrobras (PBR) Divests 30% Stake in Brentech to Enegen
- Petrobras (PBR) sells a 30% stake in Brentech Energia to Enegen for approximately $2 million, aligning with decarbonization goals by focusing on natural gas.
- 06/07/2024
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Petrobras (PBR) Inks $1.25 Billion Buzios 9 Deal With Subsea 7
- Petrobras (PBR) awards Subsea 7 a $1.25 billion contract to develop the B??zios 9 field in the Santos basin, enhancing Brazil's oil production with advanced subsea engineering.
- 05/30/2024
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Argentina gov't says unblocks key Petrobras gas shipment amid supply cuts
- Argentina's government, facing domestic gas shortages and targeted service cuts, said on Wednesday that it had unblocked the unloading of a key Petrobras gas shipment at port, which it added should stabilize the local supply issue.
- 05/29/2024
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Brazil's Petrobras to keep current fuel pricing policy -CEO
- Brazil's state-run oil company Petrobras will maintain its current pricing policies for gasoline and diesel sales, its new top executive said on Monday, stressing that the firm needs to be profitable while also meeting shareholder needs.
- 05/27/2024
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Petrobras (PBR) Awards $11B Contract to Seatrium for FPSOs
- Petrobras (PBR) awards Seatrium an $11 billion contract to build FPSO vessels for Brazil's Santos Basin, enhancing oil production and sustainability.
- 05/27/2024
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Petrobras (PBR) Halts Sale of Refineries to Aid Brazil Economy
- Petrobras (PBR) stops the sale of its refineries under government pressure, shifting focus to boosting operations, creating jobs and expanding into green energy.
- 05/24/2024
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Brazil's Petrobras approves Chambriard as new CEO
- Brazilian state-run oil firm Petrobras said its board of directors on Friday approved the nomination of Magda Chambriard as the company's new Chief Executive.
- 05/24/2024
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Brazil's Petrobras new CEO Chambriard will take over role on Friday, sources say
- Magda Chambriard will take over as chief executive officer of Brazil's state-run oil company Petrobras on Friday after the board approves her appointment, four sources with knowledge of the matter told Reuters.
- 05/23/2024
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Brazil's 3R and Enauta to follow Petrobras into Foz do Amazonas exploration
- The oil firm to be created from the merger of Brazil's 3R Petroleum and Enauta wants to explore the Foz do Amazonas' basin if state-run firm Petrobras finds oil there, its future CEO Decio Oddone told Reuters.
- 05/23/2024
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Petrobras board to vote on Chambriard CEO nomination on Friday
- Brazilian state-run oil company Petrobras said on Wednesday that its board will vote on the government's nomination of Magda Chambriard for chief executive in a Friday meeting, after an internal committee gave its approval.
- 05/22/2024
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Brazil's government expects full Petrobras extra dividends in 2024
- Brazil's government expects Petrobras will pay out all of its extraordinary dividends, according to a revenue projection for this year, even though the state oil company has yet to make a decision on that.
- 05/22/2024
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Petrobras says antitrust watchdog agreed to free company from asset sales
- Brazilian state-run oil firm Petrobras said on Wednesday that the country's antitrust regulator Cade approved the new terms of an agreement that will free up the company from selling some of its oil refining and natural gas assets.
- 05/22/2024
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Lula's ambitions for Petrobras hemmed in by new rules
- Brazilian President Luiz Inacio Lula da Silva may soon discover that swapping the CEO of Petrobras is not enough to turn the state-run oil company into the engine for job creation and development it was during his first 2002-2010 terms.
- 05/20/2024
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Petrobras (PBR) Hit by Dividend Fiasco: All You Need to Know
- Petrobras (PBR) ousted CEO's tenure was marred by disagreements with government-appointed board members over the decision to pay extraordinary dividends to its shareholders.
- 05/20/2024
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Petrobras (PBR) Launches Newbuild Support Vessel Tenders
- Petrobras (PBR) plans to tender 26 newbuild vessels, boosting Brazilian shipbuilding with $2.5 billion investments in OSRV and RSV and supporting offshore drilling in the latter half of this decade.
- 05/20/2024
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Petrobras (PBR) Hit by Dividend Fiasco: All You Need to Know
- In a dramatic shakeup, the Brazilian government ousted Petroleo Brasileiro S.A., or Petrobras (PBR Quick QuotePBR - Free Report) CEO Jean Paul Prates last week. The dismissal, prompted by disagreements over dividend policies, underscores ongoing tensions between the state-controlled oil giant and President Luiz Inácio Lula da Silva’s administration. This development marks the fifth change in Petrobras' leadership within three years, highlighting persistent political interfWhat Happened?The ousting of Prates, who served less than 18 months, reflects President Lula’s push to reduce investor payouts and boost investments in areas such as renewable energy and refineries. Prates’ tenure was marred by disagreements with government-appointed board members over the decision to pay extraordinary dividends to shareholders. Critics argue that the government's influence threatens to prioritize political goals over shareholder interests, echoing concerns from Petrobras' past scandals and mismanagement.Magda Chambriard, a former head of the Brazilian oil and gas regulator ANP, has been appointed as Prates' successor. Chambriard, who aligns closely with Lula’s views, advocates lower dividends and increased capital spending on domestic projects, such as refining capacity and shipbuilding. Market ReactionFollowing the announcement, Petrobras' shares slipped by 6%, making it the biggest loser on Brazil’s benchmark stock index on Wednesday. The company’s American Depositary Receipts (ADRs) in New York also dropped 6% in after-hours trading. Analysts expressed concerns over the abrupt leadership change, which they fear signals increased governmental intervention in the company’s operations. The change is also perceived to increase uncertainties surrounding PBR’s investment strategy, particularly regarding capital allocation.Finncial PerformanceAmid the leadership turmoil, Petrobras recently reported its first-quarter results, which missed the Zacks Consensus Estimate. The underperformance can be blamed on rising pre-salt lifting costs that resulted in weak upstream profitability, plus higher refining outlay. This was partly offset by strong production.Recurring net income, which strips one-time items, came in at $4,816 million compared with $7,392 million a year earlier. Petrobras’ adjusted EBITDA fell to $12,127 million from $13,956 million a year ago.Final WordsPetrobras' dividend strategy has been a contentious issue. While Lula’s administration favors reinvesting profits into national projects to stimulate economic growth, this approach conflicts with the preferences of international investors who seek higher returns. The market’s reaction to the leadership change has been negative, reflecting fears of increased political intervention and its potential impact on the company's financial stability and strategic direction. With the appointment of Magda Chambriard, Petrobras is likely to see a shift toward policies that prioritize national economic interests over shareholder returns, further complicating its investment landscape.3 Energy Stocks to BuyPetrobras carries a Zacks Rank #3 (Hold) at present. Meanwhile, investors interested in the Oil/Energy space could benefit from accumulating stocks like SM Energy Company (SM Quick QuoteSM - Free Report) , Marathon Petroleum (MPC Quick QuoteMPC - Free Report) and ProPetro Holding (PUMP Quick QuotePUMP - Free Report) . SM Energy and Marathon Petroleum currently sport a Zacks Rank #1 (Strong Buy) each, while ProPetro carries a Zacks Rank #2 (Buy). SM Energy Company: SM beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters. SM Energy has a trailing four-quarter earnings surprise of 13.8%, on average. SM is valued at around $5.6 billion. SM Energy has seen its shares increase 73.9% in a year.Marathon Petroleum: Over the past 60 days, the Zacks Consensus Estimate for 2024 earnings has moved up 35.7%. Marathon Petroleum is valued at around $63.3 billion. MPC has seen its stock rise 62.4% in a year.ProPetro Holding: Over the past 60 days, the Zacks Consensus Estimate for 2024 earnings has moved up 36.7%. ProPetro Holding is valued at around $1 billion. PUMP has seen its stock rise 27.6% in a year. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>
- 05/20/2024
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Petrobras (PBR) Launches Newbuild Support Vessel Tenders
- Petrobras (PBR Quick QuotePBR - Free Report) , the renowned Brazilian state-run oil and gas company, is set to launch two significant tenders by the end of the year. These tenders aim to contract up to 26 newbuild offshore support vessels, marking a significant effort to rejuvenate Brazil's shipbuilding industry. This initiative is expected to generate substantial investments, potentially reaching $2.5 billion. The announcement was made just hours before Jean Paul Prates resigned as CEO, signaling a key moment for Petrobras and the Brazilian maritime sector.Revitalizing Brazil's Shipbuilding IndustryEconomic Impact of New Vessels: The plan to commission 26 newbuild vessels is a strategy to restore the Brazilian shipbuilding industry's former glory. By introducing 10 oil spill response vessels (OSRVs) and 16 remotely operated vehicle support vessels (RSVs), Petrobras aims to create a ripple effect in the economy. These new buildings are anticipated to spur significant investments, amounting to $2.5 billion. This influx of capital is expected to enhance job creation, boost local economies and position Brazil as a key player in the global shipbuilding arena. Technological Advancements and Innovation: The introduction of advanced OSRVs and RSVs signifies a leap in technological capabilities for Brazil. These vessels are equipped with cutting-edge technology designed to meet the stringent demands of offshore drilling and environmental protection.The focus on oil spill response highlights Petrobras's commitment to environmental stewardship, while the RSVs will enhance the efficiency and safety of offshore operations. This dual approach not only strengthens Petrobras's operational capacity but also aligns with global trends toward more sustainable and technologically advanced maritime solutions.Strategic Importance for PetrobrasSupporting Offshore Drilling Operations: Petrobras's decision to launch these tenders is closely linked to its long-term offshore drilling operations and field development plans in the second half of this decade. The new vessels will be integral in supporting these operations, ensuring efficient and safe extraction of offshore resources. The OSRVs will provide crucial oil spill response capabilities, mitigating environmental risks associated with offshore drilling. Meanwhile, the RSVs will support remotely operated underwater vehicles, essential for maintaining and monitoring offshore infrastructure.Long-term Contracts and Operational Stability: By securing long-term contracts for these vessels, Petrobras aims to ensure operational stability and predictability. Long-term charters will provide a steady stream of income for the shipyards and operators, fostering a stable economic environment. This stability is crucial for planning and executing extensive offshore projects, contributing to Petrobras's overarching goal of sustainable growth and development in the energy sector.Boosting Local Economies: The tenders for 26 newbuild vessels present a significant opportunity for local shipyards and associated industries. The construction and maintenance of these vessels will create numerous jobs from skilled labor to administrative positions. The economic benefits will extend beyond the shipyards, impacting local suppliers, subcontractors and service providers. This holistic economic boost will invigorate local communities and contribute to regional development.ConclusionPetrobras' initiative to revitalize Brazil's shipbuilding industry should lead to significant economic benefits, attract substantial investments and position the country as a leader in the global maritime sector. By focusing on technological innovation and environmental sustainability, PBR is setting a new standard for the industry. As Petrobras moves forward with these ambitious tenders, the potential for economic growth and industry advancement is immense, heralding a new era for Brazil's maritime industry. Zacks Rank and Key PicksCurrently, PBR carries a Zacks Rank #3 (Hold).Investors interested in the energy sector might look at some better-ranked stocks like Archrock, Inc. (AROC Quick QuoteAROC - Free Report) and SM Energy Company (SM Quick QuoteSM - Free Report) , eachsporting a Zacks Rank #1 (Strong Buy) and Sunoco LP (SUN Quick QuoteSUN - Free Report) , carrying a Zacks Rank #2 (Buy) at present. Archrock is valued at $3.22 billion. The company currently pays a dividend of 66 cents per share, or 3.30%, on an annual basis.AROC, together with its subsidiaries, works as an energy infrastructure company in the United States. The company operates under two segments — Contract Operations and Aftermarket Services.Denver, CO-based SM Energy is valued at $5.63 billion. The company currently pays a dividend of 72 cents per share, or 1.47%, on an annual basis.SM, an independent energy company, engages in the acquisition, exploration, development and production of oil, gas and natural gas liquids in the state of Texas.Sunoco is valued at $5.43 billion. It is a major wholesale motor fuel distributor in the United States, distributing over 10 fuel brands through long-term contracts with more than 10,000 convenience stores, ensuring consistent cash flow.SUN’s extensive distribution network across 40 states provides a robust and reliable source of income and the Brownsville terminal expansion will add to its revenue diversification. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>
- 05/20/2024
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The 6 Best Dividend Stocks To Buy With $2000
- Smart Investors Are Quietly Loading Up on These “Dividend Legends” If you want your portfolio to pay you cash like clockwork, it's time to stop blindly following conventional wisdom like relying on Dividend Aristocrats.
- 05/19/2024
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Brazil's Petrobras sacks 20 employees close to former CEO
- Brazil's Petrobras has dismissed 20 employees who worked closely with former CEO Jean Paul Prates, the state-run oil firm said on Friday.
- 05/17/2024
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FNV, PBR, OMAB: Finding Small Cap Opportunities Abroad
- Inflation is not coming down as fast in the U.S. as it is in Europe, notes Lukasz Tomicki. He discusses finding small cap opportunities abroad.
- 05/17/2024
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Investors Heavily Search Petroleo Brasileiro S.A.- Petrobras (PBR): Here is What You Need to Know
- Petrobras (PBR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 05/17/2024
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Petrobras (PBR) Q1 Earnings Lag on High Pre-Salt Lifting Costs
- As of Mar 31, 2024, Petrobras (PBR) records a net debt of $43,646 million. The company ends the quarter with cash and cash equivalents of $11,547 million.
- 05/16/2024
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Magda Chambriard, new Petrobras CEO, charged by Lula with firing up job creation
- The next chief executive of Petrobras , Magda Chambriard, arrives with the résumé and mandate to make Brazil's state-run oil firm what it was under prior Workers Party governments: an engine of job creation and industrial development, said people familiar with the matter.
- 05/15/2024
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Petrobras ADRs Sink After Brazil Government Ousts CEO
- American Depositary Receipts (ADRs) of Petrobras (PBR) sank after the Brazilian government replaced the state-run oil giant's CEO Jean Paul Prates.
- 05/15/2024
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Why Petrobras Stock Keeps Going Down
- Petrobras reported a 15% decline in sales and a 38% decline in profit on Monday. Brazil's President is replacing the CEO.
- 05/15/2024
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Petrobras: Buying The Lula Dip Hand Over Fist
- Petrobras has sold off after the CEO was reportedly ousted by President Lula, raising concerns about the company's future. Weak Q1 results and lower production levels also contributed to the stock's decline. Despite the political risk, the stock is still considered a buy due to its fair valuation and technical set-up.
- 05/15/2024
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Shares in Brazil's Petrobras plunge 8% on ouster of CEO
- Shares in Brazil's Petrobras fell more than 8% in opening Wednesday trading, after the state-run oil firm said its chief executive would be replaced by a former regulator with views closer to those of President Luiz Inacio Lula da Silva.
- 05/15/2024
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Petrobras CEO offers resignation, U.S.-listed shares tumble
- The chief executive of Brazilian state-run oil company Petrobras offered to step down on Tuesday, the company said, sending shares sliding as investors braced for the possibility of more political interference at the firm.
- 05/14/2024
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Petróleo Brasileiro S.A. - Petrobras (PBR) Q1 2024 Earnings Call Transcript
- Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR ) Q1 2024 Earnings Conference Call May 15, 2024 10:00 AM ET Company Participants Jean Paul Prates - Chief Executive Officer Carlos Travassos - Chief Engineering, Technology, and Innovation Officer Clarice Coppetti - Chief Corporate Affairs Officer Claudio Romeo Schlosser - Chief Logistics, Commercialization and Markets Officer Joelson Falcao Mendes - Chief Exploration and Production Officer Mario Spinelli - Chief Governance and Compliance Officer Mauricio Tolmasquim - Chief Energy Transition and Sustainability Officer Sergio Caetano Leite - Chief Financial and Investor Relations Officer William Franca da Silva - Chief Industrial Processes and Products Officer Conference Call Participants Bruno Montanari - Morgan Staley Luiz Carvalho - UBS Bank Pedro Soares - BTG Pactual Gabriel Barra - Citigroup Regis Cardoso - XP Rodolfo Angele - JP Morgan Operator Good morning, and welcome to Petrobras' Earnings Call for analysts and investors.
- 05/14/2024
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Petrobras resists order to assess Indigenous impact of Amazon drilling
- Brazil's state-run oil firm Petrobras is resisting regulatory demands requiring it to assess the impact on Indigenous groups of drilling in an offshore basin near the mouth of the Amazon River, Chief Exploration and Production Officer Joelson Mendes told journalists on Tuesday.
- 05/14/2024
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Petrobras slashes dividend: Is it time to sell the stock?
- Petróleo Brasileiro S.A. (NYSE:PBR), Brazil's state-controlled oil giant, is once again in the spotlight as it grapples with shareholder expectations and market dynamics.
- 05/14/2024
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Petrobras shares fall after fuel sales hurt earnings
- Shares of Brazil's state-run oil firm Petrobras fell around 2% on Tuesday after it posted worse-than-expected results for the first quarter, hurt by less profitable fuel sales.
- 05/14/2024
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Brazil's Petrobras reports 38% drop in first-quarter profit
- Brazilian state-run oil firm Petrobras posted a 38% fall in its first-quarter net recurring profit from a year earlier on Monday, missing expectations.
- 05/13/2024
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Will Petrobras (PBR) Report Q1 Earnings Beat on Output Gains?
- Petrobras (PBR) beat the Zacks Consensus Estimate in two of the last four quarters and missed in the other two, which resulted in an earnings surprise of 2.8%, on average.
- 05/09/2024
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Brazil's Petrobras to begin drilling at Colombia's Uchuva-2 well this month
- Brazil's state-run oil firm Petrobras will begin to drill off Colombia's coast at its Uchuva-2 well this month, Chief Exploration and Production Officer Joelson Mendes told journalists during a press-conference in Houston on Tuesday.
- 05/07/2024
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Petrobras (PBR) Just Flashed Golden Cross Signal: Do You Buy?
- From a technical perspective, Petrobras (PBR) is looking like an interesting pick, as it just reached a key level of support. PBR recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
- 05/07/2024
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The Petrobras Absurdity: Yield Exceeds P/E
- Petrobras stock currently has a 7% dividend yield and a low P/E ratio of 4x. Thus, PBR stock offers an attractive package combining value, current income, and international exposure. I disagree with the consensus estimates of its EPS growth, which are too pessimistic given the catalysts I am seeing.
- 05/05/2024
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Are Oils-Energy Stocks Lagging Petroleo Brasileiro (PBR) This Year?
- Here is how Petrobras (PBR) and Berry Petroleum (BRY) have performed compared to their sector so far this year.
- 05/03/2024
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Petrobras' (PBR) Quarterly Production Grows, Oil Exports Fall
- Petrobras' (PBR) cites tensions in the Middle East as the reason behind disruptions in the maritime freight transport route, consequently altering the flows of its oil exports.
- 05/02/2024
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Is Petrobras (PBR) a Buy as Wall Street Analysts Look Optimistic?
- Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
- 04/30/2024
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Petrobras (PBR) Beats Stock Market Upswing: What Investors Need to Know
- Petrobras (PBR) concluded the recent trading session at $17.33, signifying a +1.64% move from its prior day's close.
- 04/29/2024
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Petrobras shareholders approve payout of 50% of withheld dividends
- Shareholders of Petrobras voted on Thursday for the Brazilian state-run oil firm to pay out 50% of the extraordinary dividends it withheld in March, easing investor concerns about the destination of those funds.
- 04/25/2024
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Petrobras (PBR) Leads Investment Race in Oil and Gas Industry
- Petrobras (PBR) leads global oil and gas investment surge, doubling investments in 2023 to $21.4 billion. Strong project returns fuel production growth and solidify PBR's position in the industry.
- 04/24/2024
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Petrobras (PBR) Rises Yet Lags Behind Market: Some Facts Worth Knowing
- The latest trading day saw Petrobras (PBR) settling at $16.96, representing a +0.12% change from its previous close.
- 04/23/2024
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Petrobras (PBR) to Build Solar Power at Its Three Refineries
- Petrobras (PBR) plans to build 48 MW solar capacity at its three refineries by 2025, thereby reducing emissions. The move is in sync with its decarbonization goals.
- 04/23/2024
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SLB Secures Three Contracts for Petrobras' Buzios Oil Field
- SLB's electrification deal with Petrobras promises enhanced production control and reliability, signaling a transformative shift toward digitalized production systems in Brazil's pre-salt reserves.
- 04/22/2024
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Petrobras (PBR), CNCEC Sign MoU for Energy Partnership
- Petrobras (PBR) enters into a memorandum of understanding for a two-year collaboration with the China National Chemical Energy Company (CNCEC), focusing on renewable energies and energy transition.
- 04/22/2024
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65 Graham Value Stocks: 54 Fit To Buy For April
- Large Cap Value is a value ranking for large cap stocks that looks at the price of a stock relative to measurements of intrinsic firm value. The Ben Graham Formula strategy selects ultra-stable stocks based on criteria such as sales, earnings, and dividend payments. 54 out of 65 All-Star-Value Dividend stocks offer annual dividends that exceed their price per share.
- 04/21/2024
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Here is What to Know Beyond Why Petroleo Brasileiro S.A.- Petrobras (PBR) is a Trending Stock
- Recently, Zacks.com users have been paying close attention to Petrobras (PBR). This makes it worthwhile to examine what the stock has in store.
- 04/19/2024
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Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
- Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
- 04/19/2024
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Petrobras (PBR) Sells Two Campos Basin Fields to Perenco
- Petrobras (PBR) sells Cherne and Bagre fields to Perenco for $10 million, aiming to refocus investments on strategic assets and decarbonization.
- 04/19/2024
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Petrobras' (PBR) Buzios Field Achieves Production Milestone
- Petrobras (PBR)-operated Buzios oil field has reportedly produced 1 billion barrels of oil by the end of March this year. With new production systems, PBR expects this figure to grow even further.
- 04/18/2024
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Shell & BP's Q1 Updates Lead Oil & Gas Stock Roundup
- SHEL, BP, XOM, PBR and CVX emerge as the energy headline makers during the week.
- 04/17/2024
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Why the Market Dipped But Petrobras (PBR) Gained Today
- Petrobras (PBR) concluded the recent trading session at $15.79, signifying a +0.45% move from its prior day's close.
- 04/15/2024
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Petrobras (PBR) Discovers Oil in Brazil's Potiguar Basin
- Petrobras (PBR) leverages advanced technology to discover oil in Brazil's unexplored Potiguar Basin, marking a new frontier for the company.
- 04/12/2024
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Brazil judge suspends Petrobras chair over conflict of interest
- A Brazilian judge has suspended the chair of state oil firm Petrobras' board, Pietro Sampaio Mendes, over a conflict of interest regarding his role in the Ministry of Energy, according to a court decision seen by Reuters on Thursday.
- 04/11/2024
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Petrobras (PBR) Laps the Stock Market: Here's Why
- In the most recent trading session, Petrobras (PBR) closed at $15.88, indicating a +1.53% shift from the previous trading day.
- 04/09/2024
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Petroleo Brasileiro S.A.- Petrobras (PBR) is Attracting Investor Attention: Here is What You Should Know
- Recently, Zacks.com users have been paying close attention to Petrobras (PBR). This makes it worthwhile to examine what the stock has in store.
- 04/08/2024
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Brazil's Lula calls meeting on the future of Petrobras CEO, sources say
- President Luiz Inacio Lula da Silva called a meeting on Sunday evening with three cabinet ministers that could decide on whether to replace the chief executive of Brazil's state-run oil company Petrobras Jean Paul Prates, two sources told Reuters.
- 04/07/2024
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Petrobras (PBR) Unit Eyes Renewable Projects for Terminals
- Petrobras' (PBR) logistics subsidiary, Transpetro, plans renewable energy integration across 48 terminals, starting with the solar plant at Guarulhos Airport.
- 04/04/2024
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Petrobras (PBR) Stock Falls Amid Market Uptick: What Investors Need to Know
- In the latest trading session, Petrobras (PBR) closed at $15.59, marking a -0.26% move from the previous day.
- 04/03/2024
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Petrobras: The Sell-Off Provides Opportunity
- In recent weeks, Petrobras's momentum has weakened, and at the moment, it's trading 14% off-high after a wave of analyst downgrades followed dividend frustration. PBR delivered strong financial performance last year with the second-highest EBITDA ($52.4 billion), operational cash flow ($43.2 billion), and net profit ($24.9 billion) in history. The market is expecting a further correction in the company's financials, but this may be already reflected in its forwarding valuation multiples.
- 04/02/2024
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Why Petrobras (PBR) Outpaced the Stock Market Today
- In the latest trading session, Petrobras (PBR) closed at $15.21, marking a +1.88% move from the previous day.
- 03/28/2024
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Petrobras (PBR) Buys I-RECs to Achieve 100% Renewable Energy
- Petrobras (PBR) acquires International Renewable Energy Certificates to cover all its 2023 industrial and administrative energy use, aiming to achieve 50% renewable power generation by 2030.
- 03/27/2024
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Petrobras (PBR) Boosts LNG Imports Amid Pipeline Maintenance
- Petrobras (PBR) boosts LNG imports, diversifies gas sources, and coordinates maintenance to ensure energy security amid infrastructure challenges.
- 03/26/2024
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Petroleo Brasileiro S.A.- Petrobras (PBR) Is a Trending Stock: Facts to Know Before Betting on It
- Recently, Zacks.com users have been paying close attention to Petroleo Brasileiro (PBR). This makes it worthwhile to examine what the stock has in store.
- 03/26/2024
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Petrobras (PBR) Advances While Market Declines: Some Information for Investors
- Petrobras (PBR) concluded the recent trading session at $14.69, signifying a +0.41% move from its prior day's close.
- 03/22/2024
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CERAWEEK Petrobras exec says offshore Colombia project could find enough gas for exports
- A promising area off Colombia's coast where Brazil state-run Petrobras is drilling this year could justify a large project to supply natural gas to the Andean country and for exports, Petrobras' head of exploration and production said on Wednesday.
- 03/20/2024
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Petrobras (PBR) to Drill Two Exploration Wells in Colombia
- Petrobras (PBR) plans to drill two exploratory wells in Colombia's Tayrona block, aiming for low-emission production.
- 03/20/2024
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South of the Border Sizzle: 3 Latin American Energy Stocks for Your Must-Buy List
- The Latin American business scene is vibrant and growing. Its energy stocks should catch your attention, even if you're someone who rarely gets excited about energy stocks.
- 03/19/2024
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Petrobras: Reduced Payouts Remain Rich - Maintain Buy
- The market has over-reacted to Petrobras's supposedly lower FQ4'23 dividend payouts, since it is mostly attributed to one-time impairment and contractual charges. At the same time, readers must remember that its shareholder payout ratio has been revised down to 45%, inclusive of share repurchases and dividend payouts. PBR's payouts may remain rich, as it continues to record excellent spreads between the low break even point of $25 and the estimated Brent prices of $84.80 in 2025.
- 03/18/2024
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68 Graham Value Stocks, 57 Fit To Buy In March
- Large Cap Value ranking from YCharts identifies stocks with low prices relative to their assets and profits. Ben Graham Formula strategy selects stable stocks with strong earnings and dividends based on Graham's book "The Intelligent Investor". 57 out of 68 All-Star-Value Dividend stocks offer annual dividends exceeding their price per share.
- 03/18/2024
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Petrobras' Dividend Crisis Is Overblown
- Petrobras has declined 20% in the past month due to concerns about its record-breaking dividends. The company's financial results are strong, with over $50 billion in adjusted EBITDA and $30 billion in FCF. Petrobras has exciting assets and has increased production capacity, but faces government interference and pressure to retain dividends for investments.
- 03/17/2024
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Here's Why Petrobras (PBR) Fell More Than Broader Market
- In the closing of the recent trading day, Petrobras (PBR) stood at $14.54, denoting a -1.22% change from the preceding trading day.
- 03/15/2024
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Investors Heavily Search Petroleo Brasileiro S.A.- Petrobras (PBR): Here is What You Need to Know
- Petrobras (PBR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 03/14/2024
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Petrobras: Dividend Shock (Rating Downgrade)
- Petrobras shares plummeted over 10% after it was announced that a $3.0B extraordinary dividend will not be paid. Despite lower oil prices, Petrobras achieved its second-highest EBITDA in FY 2023 and generated significant free cash flow. The board's decision not to pay an extraordinary dividend has created uncertainty and leads to a downgrade in Petrobras shares.
- 03/13/2024
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Petrobras (PBR) Q4 Earnings Lag, Lower Payout Irks Investors
- At the end of 2023, Petrobras (PBR) records a net debt of $44,698 million. The company ends the year with cash and cash equivalents of $12,727 million.
- 03/12/2024
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Petrobras CEO says extra dividend possible at April meeting
- The chief executive of Brazil's state-run oil company Petrobras said on Monday that payment of an extraordinary dividend is still on the table, adding that it could be voted on at a shareholders' meeting in April.
- 03/11/2024
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Petrobras (PBR) Signs Charter Contract for CTV SeaLoader2
- Petrobras (PBR) inks a charter contract for the cargo transfer vessel SeaLoader 2, with a subsidiary of Japan's Mitsui O.S.K. Lines.
- 03/11/2024
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Petrobras (PBR) Sends Team to Venezuela Amid Sanction Threat
- Petrobras (PBR) sends a team of oil production specialists to Venezuela amid geopolitical complexities, seeking strategic partnerships and navigating risks for future growth.
- 03/11/2024
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Petrobras: Big Pullback Due To Dividend Surprise
- Petrobras reported weaker-than-expected earnings and a lower-than-expected dividend, causing its shares to drop by over 10%. Despite the weaker-than-expected dividend, PBR remains a high-yielding investment with strong profitability and cash flows. The company's undervalued stock and attractive dividend yield make it an appealing investment option, although political risks should be considered.
- 03/08/2024
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Brazil oil firm Petrobras posts 6% decrease in Q4 net recurring profit
- Brazilian state-controlled oil firm Petrobras posted on Thursday a 6.3% fall in its fourth-quarter net recurring profit from a year earlier.
- 03/07/2024
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Will Petrobras (PBR) Report Q4 Earnings Beat on Output Gains?
- Petrobras (PBR) beat the Zacks Consensus Estimate in two of the last four quarters and missed in the other two, which resulted in an earnings surprise of 3.8%, on average.
- 03/04/2024
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Brazil's Petrobras increases average jet fuel prices by 8.4%
- Brazilian state-controlled oil company Petrobras said on Friday it will increase the average prices of jet fuel to distributors by 8.4% starting on Mar. 1.
- 03/01/2024
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Brazil oil and gas to see M&A wave as juniors seek scale and synergies after Petrobras' divestment shift
- Brazil's oil and gas sector is expected to see a wave of merger and acquisition activity (M&A) as players with mature assets nearing the end of production seek to bolster their longer-term outlook. According to Wood Mackenzie analysts, amid the rise of independent oil and gas operators in Brazil, the country's peak production is expected to reach 485,000 barrels of oil per day in 2027 at which point asset maturity is expected to outpace development, resulting in a decline in output.
- 03/01/2024
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Petrobras: Poised To Sustain Its Attractive Dividend Yield
- Petrobras offers a massive 10% forward FY 2024 dividend yield, making it an attractive investment option for investors seeking a high-yielding name. The stability of energy markets and PBR's strong profitability contribute to the safety of its dividend. The Company's valuation is cheap compared to other oil giants, with potential for a 15% upside.
- 02/28/2024
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Petrobras shares fall 5% after CEO says firm will be 'cautious' about dividends
- Brazilian state-run oil company Petrobras' shares fell by around 5% after the firm's Chief Executive Jean Paul Prates was quoted as saying the firm would be cautious about issuing extraordinary dividend payments.
- 02/28/2024
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Why the Market Dipped But Petrobras (PBR) Gained Today
- Petrobras (PBR) reachead $17.65 at the closing of the latest trading day, reflecting a +1.67% change compared to its last close.
- 02/26/2024
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Here is What to Know Beyond Why Petroleo Brasileiro S.A.- Petrobras (PBR) is a Trending Stock
- Petrobras (PBR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 02/22/2024
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Brazil's Petrobras wants to share management of Braskem, says CEO
- Brazil's state-run oil company Petrobras wants a partner to share the management of petrochemical producer Braskem , said the oil firm's Chief Executive Jean Paul Prates on Tuesday.
- 02/20/2024
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Petrobras: I Was Truly Wrong About Its Resilience And Headwinds (Rating Upgrade)
- Petrobras investors have outperformed their energy sector peers and the S&P 500. Concerns over government interference in Petrobras might have been overstated. Petrobras remains committed to being a global E&P player in the core energy sector. The market is confident in Petrobras' ability to balance traditional oil operations with investments in renewable energy.
- 02/18/2024
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Petrobras (PBR) Eyes Growth in African Hydrocarbons
- Petrobras (PBR) re-enters African oil exploration, acquiring stakes in Shell-operated blocks off Sao Tome and Principe, marking its strategic return to the continent.
- 02/12/2024
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Petrobras (PBR) Plans $100B+ Investment Amid Oil Transition
- Petrobras (PBR) CEO plans robust offshore oil investment, eyeing global expansion and diversification into wind energy amid fossil fuel transition.
- 02/08/2024
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Petrobras in talks for projects with Gulf, Indian, Chinese firms, CEO says
- Brazil's state-run Petrobras is in talks with other national oil companies in China, India and the Middle East, including Kuwait Petroleum and Qatar Energy, to collaborate on energy projects, its chief executive said on Wednesday.
- 02/07/2024
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Petrobras (PBR) Sees a More Significant Dip Than Broader Market: Some Facts to Know
- In the closing of the recent trading day, Petrobras (PBR) stood at $16.92, denoting a -0.53% change from the preceding trading day.
- 02/05/2024
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Petroleo Brasileiro S.A.- Petrobras (PBR) is Attracting Investor Attention: Here is What You Should Know
- Petrobras (PBR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 02/05/2024
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MoneyShow's Best Investment Ideas For 2024: Part 7
- MoneyShow presents top investment ideas for 2024 from their contributors. This year's edition presents a broad mix of conservative income stocks, more speculative but potentially more rewarding growth stocks, as well as ETF recommendations that target commodities, cryptocurrencies, and fixed income. Part 7 of this series includes Oracle, Petrobras, Polaris, Realty Income and ResMed, among others.
- 02/02/2024
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Petrobras (PBR) Inks $11.7M Contract for EM Survey in Brazil
- Petrobras (PBR) awards $11.7M contract to Norway's Electromagnetic Geoservices for offshore EM survey, signaling a renewed focus on exploring Brazil's hydrocarbon reserves.
- 01/31/2024
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Brazil's Petrobras largely unaffected by Red Sea conflict, says CEO
- Brazilian state-run oil company Petrobras has been largely unaffected by tensions in the Red Sea, the company's chief executive said, saying it has only had to reroute one vessel in a move that incurred no extra costs for the company.
- 01/30/2024
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Petrobras (PBR) Rises But Trails Market: What Investors Should Know
- Petrobras (PBR) reachead $17.16 at the closing of the latest trading day, reflecting a +0.65% change compared to its last close.
- 01/29/2024
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7 High-Yield Dividend Stocks With High-Upside Potential
- High-yield dividend stocks with potential for upside gains is essentially the Tony Robbins of market opportunities. Robbins gives you a big smile, a warm hug and invites into a total transformation package, turning all your visions, dreams and desires into reality.
- 01/29/2024
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Petrobras (PBR) Increases Oil and Gas Output by 3.7% in 2023
- Petrobras (PBR) boasts a 3.7% surge in 2023 output, reaching 2.78 million barrels of oil equivalent per day with strategic growth plans.
- 01/29/2024
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Petrobras: This Is Not The End
- Petrobras shares have outperformed the broader market since late August, delivering a total return of ~25% compared to ~9%. The company is expected to generate decent returns and pay dividends even in the current environment in which oil supply is abundant. Petrobras stock remains a solid investment due to its low breakeven price, rising oil production, and undervaluation compared to peers.
- 01/28/2024
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Brazil's Petrobras produces 2.78 mln boed in oil, gas in 2023
- Brazilian state-run oil company Petrobras said on Friday its oil and gas output last year had reached 2.78 mln barrels of oil equivalent per day (boed), up 3.7% from 2022, according to a securities filing.
- 01/26/2024
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Brazil's Petrobras eyes Jaspe block acquisition
- Brazilian oil company Petrobras said on Wednesday it had notified the country's energy policy council it would exercise its preferential rights to acquire the Jaspe oil block.
- 01/24/2024
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Petrobras (PBR) Signs Contract Worth $70 Million With Solstad
- Petrobras (PBR), in a $70M deal with Solstad Offshore, secures state-of-the-art vessels, boosting operational efficiency and advancing Brazil's offshore energy sector.
- 01/24/2024
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Petroleo Brasileiro S.A.- Petrobras (PBR) Is a Trending Stock: Facts to Know Before Betting on It
- Recently, Zacks.com users have been paying close attention to Petrobras (PBR). This makes it worthwhile to examine what the stock has in store.
- 01/24/2024
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Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
- Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
- 01/24/2024
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Petrobras (PBR) Plans to Acquire Wind, Solar Stakes by 2024
- Petrobras (PBR) expects to acquire stakes this year in Brazil's onshore wind and solar projects to create a 2GW renewable energy portfolio by the end of 2024.
- 01/23/2024
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Petrobras (PBR) Stock Sinks As Market Gains: Here's Why
- Petrobras (PBR) closed at $15.66 in the latest trading session, marking a -0.51% move from the prior day.
- 01/22/2024
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Exclusive: Petrobras expects to buy domestic wind, solar stakes this year, CEO says
- Brazil's state-run oil firm Petrobras will this year start buying stakes in domestic onshore wind and solar projects to create a roughly 2 gigawatts (GW) renewable energy portfolio, the firm's chief executive told Reuters.
- 01/22/2024
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Petrobras: Big Plans, Big Future
- Petrobras demonstrates operational excellence and financial resilience, with record production levels and efficient refining processes. The company is committed to sustainability and diversification, with investments in renewable energy sources and a focus on low-carbon initiatives. Petrobras' valuation metrics uniformly signal deep value, making it a gem in the evolving energy landscape.
- 01/16/2024
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Why Petrobras (PBR) Outpaced the Stock Market Today
- The latest trading day saw Petrobras (PBR) settling at $16.34, representing a +0.55% change from its previous close.
- 01/12/2024
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Petroleo Brasileiro S.A.- Petrobras (PBR) is Attracting Investor Attention: Here is What You Should Know
- Petrobras (PBR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 01/12/2024
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Petrobras (PBR) to Invest $5.2B in Brazil Green Energy Projects
- Petrobras (PBR) eliminates foreign solar and wind investments. It aims to invest $5.2 billion in Brazil green energy projects by 2028, emphasizing job creation and sustainability.
- 01/12/2024
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Millionaire Roadmap: 3 Stocks With the Potential to Redefine Your Wealth by 2026
- Within the great world of markets, there are millionaire maker stocks that have an incomparable trajectory. Despite the passing of the years, these companies continue to improve, innovate and grow in an unstoppable way.
- 01/12/2024
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Petrobras rules out investing in solar, wind projects outside Brazil
- Brazil's state run oil firm Petrobras has ruled out investing in wind and solar power abroad, deciding instead to focus on building a portfolio of local greenfield projects, energy transition head Mauricio Tolmasquim told Reuters on Wednesday.
- 01/11/2024
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Petrobras (PBR), Diamond Offshore Enter 4-Year Drilling Contract
- Petrobras (PBR) and Diamond Offshore extend their offshore alliance as the Ocean Courage rig, equipped to drill in 10,000 feet of water, begins a four-year mission in Brazilian waters.
- 01/11/2024
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Petrobras (PBR) Tenders Maintenance Services for Refinery
- Petrobras (PBR) seeks maintenance services by issuing tenders for the critical Alberto Pasqualini (Refap) Refinery, advancing operational efficiency in its strategic move.
- 01/09/2024
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Petrobras (PBR) Invests in HEFA Tech for Sustainable Fuel Future
- Petrobras (PBR) partners with Honeywell UOP to implement cutting-edge HEFA technology at the Presidente Bernardes Refinery.
- 01/05/2024
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Petrobras' (PBR) Sepetiba FPSO Unit Commences Production
- Petrobras' (PBR) new FPSO unit, Sepetiba, begins production at Mero oilfield, producing 180,000 barrels per day (bpd) of oil and 12 million cubic meters of gas daily.
- 01/02/2024
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Petroleo Brasileiro S.A.- Petrobras (PBR) Is a Trending Stock: Facts to Know Before Betting on It
- Petrobras (PBR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 01/01/2024
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Will These Dividends Up To 19% Collapse Under Their Own Weight?
- As we return Mariah Carey to the ocean depths for another year, we turn our attention to our next seasonal siren—double-digit dividend stocks.
- 12/31/2023
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Petrobras (PBR) Buys Stakes in 3 Exploration Blocks in Africa
- Petrobras (PBR) announces the acquisition of stakes in three oil exploration blocks (operated by Shell) in Sao Tome and Principe, marking the company's return to African oil exploration.
- 12/29/2023
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71 Ben Graham January Value Stocks, 56 Jazzed Buys
- Large Cap Value is a value ranking strategy that looks at the price of a stock relative to measurements of intrinsic firm value. The Ben Graham Formula strategy selects ultra-stable stocks based on a screen in Graham's book, "The Intelligent Investor." 56 out of 71 All-Star-Value Dividend stocks offer annual dividends exceeding their price per share.
- 12/28/2023
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Petrobras (PBR) Faces Roadblock in Carmopolis Assets Sale
- Petrobras (PBR) faces hurdles as Carmo Energy, backed by Grupo Cobra, fails to make payment for oil assets on a $296 million installment, affecting the $1.1 billion assets sale.
- 12/27/2023
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Petrobras (PBR) Starts Drilling Well in Equatorial Margin
- Petrobras (PBR) begins exploration in Brazil's Equatorial Margin, drilling Pitu Oeste well for oil and gas, investing $3.1 billion by 2028.
- 12/26/2023
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Petrobras (PBR) Inks Semisub Contract With Noble in Colombia
- Petrobras (PBR) partners with Noble for offshore drilling in Colombia, unlocking vast reserves, and ensuring growth and economic prosperity.
- 12/22/2023
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Petrobras (PBR) Considers Increasing Stake in Braskem to Aid Sale
- Petrobras (PBR) is considering increasing its share in the petrochemical company Braskem, with the objective of streamlining a potential sale to international investors.
- 12/21/2023
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Petrobras (PBR), Elysian Grab 151 Blocks in Oil & Gas Auction
- Petrobras (PBR) and Elysian dominate Brazil's oil auction, acquiring 151 blocks. Petrobras expands strategically, while Elysian secures 122 blocks.
- 12/19/2023
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Final Trades: PBR, DELL, FSLR & CRSP
- The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
- 12/15/2023
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3 Stocks to Ride the Latin America Market Boom in 2024
- Hugo Ste-Marie and the rest of his portfolio strategists at the Bank of Nova Scotia recently compiled a list of 10 major market themes for 2024. One of them was about Latin America stocks.
- 12/13/2023
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Airlines urge Brazil, Petrobras to lower jet fuel prices
- Airline lobby group IATA has urged the Brazilian government and state-run oil company Petrobras to tweak the way jet fuel is charged in the country in order to reduce costs, calling kerosene prices in the South American nation "excessively high."
- 12/11/2023
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Petrobras (PBR) Signs Rig Extension Deals With Constellation
- Petrobras (PBR) signs rig extension contracts with Constellation Oil Services, securing continued operations for two important rigs in its offshore drilling fleet.
- 12/11/2023
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Petroleo Brasileiro S.A.- Petrobras (PBR) is Attracting Investor Attention: Here is What You Should Know
- Zacks.com users have recently been watching Petrobras (PBR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 12/08/2023
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Is the Options Market Predicting a Spike in Petrobras (PBR) Stock?
- Investors need to pay close attention to Petrobras (PBR) stock based on the movements in the options market lately.
- 12/08/2023
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My Top 10 High Dividend Yield Companies For December 2023
- High dividend yield companies can provide investors with several benefits, such as the generation of income and the reduction of portfolio volatility. Furthermore, the companies' continuous dividend payments can be an indicator of their financial health, particularly if these dividends are sustainable.
- 12/07/2023
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Global Giants: 3 Stocks to Buy in Emerging Economies
- Emerging economies are undoubtedly a good alternative to consider when making investments. By investing in emerging markets stocks, we can obtain exponential returns due to the great capacity for growth that these companies can have within these developing economies.
- 12/07/2023
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Petrobras (PBR) Joins Forces With PXGEO for OBN Survey
- Petrobras (PBR) partners with PXGEO for a groundbreaking 4D OBN survey in Santos Basin, revolutionizing reservoir monitoring for optimized oil production.
- 12/05/2023
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Petrobras (PBR) Confirms Brazil's OPEC+ Entry, Maintains Output
- Petrobras (PBR) CEO confirms Brazil's joining OPEC+ as an observer, highlighting collaboration on energy transition without production quotas and seeking an extension for asset sale terms renegotiation.
- 12/04/2023
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Why Is Brazil Joining OPEC+ and What Does It Mean?
- Since the election of President Luiz Inácio Lula da Silva last year, Brazil has been working to repair the damage done to its economy by former leader Jair Bolsonaro. Yesterday, though, the country announced an important decision that will likely impact one of its most prominent sectors.
- 12/01/2023
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Brazil to join OPEC+ but won't cap oil output, Petrobras CEO says
- Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not take part in the group's coordinated output caps, the chief executive of state-run oil firm Petrobras told Reuters.
- 12/01/2023
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50 Large-Cap High-Yield Stocks For December
- Dogsofthedow.com, or DOD, recently published its list of 50 large-cap high-dividend stocks as of 11/27/23 per data from YCharts. The DOD list targeted-investors who “don't want to simply focus on a high dividend yield only to discover that the stock price has plunged or that the corporation went belly-up.”. Investors reduce volatility/risk by limiting high-dividend search to large-well-established companies.
- 11/29/2023
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Petrobras (PBR) Calls Off Lubnor Refinery Sale to Grepar
- Petrobras (PBR) ends Lubnor refinery's $54M deal with Grepar due to failure in meeting certain conditions. This deal termination poses challenges for Petrobras and the Brazilian refining industry.
- 11/29/2023
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Brazil's Petrobras asks regulator for renegotiation of agreement on refinery sales
- Brazilian state-run firm Petrobras has filed requests to Brazil's competition regulator Cade to renegotiate terms that stipulated the company must sell some of its oil refining and natural gas assets, the company said on Tuesday.
- 11/28/2023
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Petroleo Brasileiro S.A.- Petrobras (PBR) is Attracting Investor Attention: Here is What You Should Know
- Zacks.com users have recently been watching Petrobras (PBR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 11/27/2023
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Petrobras (PBR) Shines Despite Q3 Earnings Miss: Here's Why
- At the end of the third quarter of 2023, Petrobras (PBR) had a net debt of $43,725 million. The company ended the quarter with cash and cash equivalents of $12,110 million.
- 11/27/2023
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Petrobras (PBR) Reveals $102 Billion Investment Plan
- Petrobras (PBR), Brazil's state-run oil company, plans a substantial $102 billion investment (2024-2028) in exploration, production and low-carbon initiatives, a 31% increase from the previous plan.
- 11/27/2023
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Brazil's Petrobras plans to 'revitalize' company with $102 bln investment
- Brazil's state-run oil company Petrobras laid out its 2024-2028 strategic plan on Friday, seeking to "revitalize" the firm and start the process of energy transition, CEO Jean Paul Prates said.
- 11/24/2023
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Petrobras (PBR), Shearwater Join Forces for Brazil Exploration
- Petrobras (PBR) partners with Shearwater for revolutionary BASS technology, enhancing offshore Brazil's oil and gas exploration with efficiency, quality and sustainability.
- 11/24/2023
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Brazil's Petrobras to invest $102 billion in next five years
- Brazil's Petrobras will invest around $102 billion within the 2024-2028 period, the firm's new strategic plan showed on Thursday, representing a major boost in expected investments by the state-run oil company.
- 11/23/2023
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3 Oil Stocks That Could Heat Up This Winter
- The iShares Global Energy ETF (NYSEARCA: IXC ) has only risen 3.9% year-to-date (YTD), indicating energy stocks have had a mixed year. However, things could change for oil stocks as we enter the winter months.
- 11/21/2023
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Oil Prices on the Rise: 3 Top Ranked Energy Stocks Breaking Out Now
- After selling off nearly 25% over the last six weeks, the price of crude oil has staged a powerful reversal, which I believe signals a bottom in the market. Based on the economic readings of a strong economy, and persistently tight supply in oil supply I think the prices of oil rallies into year end.
- 11/20/2023
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3 Value Stocks With At Least a 30% Upside
- U.S. equities markets appear to be entering another rally before the year ends. Positive data from a recently issued CPI report has led many interest rate speculators to believe the Federal Reserve is just about finished with its hike cycle.
- 11/20/2023
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Petrobras: Under Valued And Under Appreciated - Still A Robust Dividend Play
- PBR recorded a mixed FQ3'23 earnings call, as the volatile spot prices and elevated expenses trigger its impacted profitability and dividend payouts. FQ4'23 may bring forth some uncertainty, with the expanded FCF from reduced capex and raised output guidance negated by the lower spot prices and forex headwinds. However, thanks to PBR's undervaluation, the stock still offers a compelling forward dividend yield of 9.6%, exceeding the sector median of 3.70% and the US Treasury Yields.
- 11/19/2023
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Petrobras: An Update On The Brazilian Oil Giant
- Petrobras and Ecopetrol continue to provide huge dividends and significant share price upside in a potential oil bull market. There are some parallels between Petrobras today and Berkshire's investment in PetroChina in the 2000s. Institutional money continues to flow into Petrobras stock due to its cheap valuation and asymmetric setup.
- 11/19/2023
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Readers Post 31 October Dividend Buy Candidates
- Prior to September 30, 2023, my Readers mentioned 36 equities in their comments on my articles. Some bad-news investments (Rogues) mixed with (mostly) Favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: MVRL, FSK, T, RC, MO, BRSP, AHOTF, AB, WBA, and MITT averaged 56.52% net gains from reader data collected 11/15/23. Ten analyst-target-augured October TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: ABR, MMM, RC, O, BRSP, MO, T, AB, WBA, & MITT boasting a 47.19% average target price upside estimate.
- 11/19/2023
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Lula asks Petrobras to tweak investment plan for more Brazil jobs, sources say
- Brazilian President Luiz Inacio Lula da Silva pressed the head of state-run oil firm Petrobras , Jean Paul Prates, to modify the company's 2024-2028 investment plane to prioritize local job creation, five sources told Reuters.
- 11/17/2023
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3 Value Stocks You'll Regret Not Buying Soon: November 2023
- The S&P 500 and Nasdaq are amid another rally after entering “correction territory” in October. This week's Consumer Price Index ( CPI ) report, which indicated headline U.S. inflation essentially stalled in October while the “core” consumer price index increased only 0.2% from September, is exciting traders and equities investors alike.
- 11/17/2023
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Petroleo Brasileiro S.A.- Petrobras (PBR) Is a Trending Stock: Facts to Know Before Betting on It
- Recently, Zacks.com users have been paying close attention to Petrobras (PBR). This makes it worthwhile to examine what the stock has in store.
- 11/14/2023
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Energy looks to dominate markets with 3 oil and gas stocks
- They say that you should take analyst projections and ratings with a grain of salt and that the actual language of the market is read through valuation ratios and price action. You could follow this logic, but as often does, it will probably lead you down a rabbit hole of ideas and wasted brain power.
- 11/13/2023
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Bull of the Day: Petroleo Brasileiro (PBR)
- Petroleo Brasileiro PBR , commonly known as Petrobras, is a Brazilian multinational energy company and one of the largest integrated oil and gas companies in the world. It is also one of the most compelling oil stock investments currently in the market.
- 11/11/2023
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Petróleo Brasileiro S.A. - Petrobras (PBR) Q3 2023 Earnings Call Transcript
- Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR ) Q3 2023 Earnings Call Transcript November 10, 2023 8:30 AM ET Company Participants Jean Paul Prates - Chief Executive Officer Sergio Caetano Leite - Chief Finance and Investor Relations Officer Ana Paula Zettel - Executive Director for Partnerships and Exploration and Production Processes Mauricio Tolmasquim - Chief Energy Transition and Sustainability Officer Carlos Travassos - Chief Engineering, Technology and Innovation Officer William Franca - Chief Industrial Processes and Products Officer Claudio Schlosser - Chief Logistics, Commercialization and Market Officer Conference Call Participants Operator Good morning, and welcome to Petrobras Earnings Results Webcast for the Third Quarter of 2023.
- 11/10/2023
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I Was Wrong About Petrobras, But I'm Still Not Bullish
- Facing political and financial risks, Petrobras confronted concerns resembling those leading to near-bankruptcy in 2016. Changes in leadership, discontinuation of the international price parity policy, a shift in dividend distribution, and the potential offshore wind energy investment raised concerns. Despite concerns, Petrobras' shares rose by 60%, and Q3 results showcased solid performance, continuing to provide attractive dividends.
- 11/10/2023
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Petrobras' five-year plan could include around $100 billion in projects - source
- Brazil's state-run oil company Petrobras' upcoming five-year business plan will include around $100 billion in investments the firm is both analyzing and those it has already committed to, a source familiar with the matter told Reuters on Friday.
- 11/10/2023
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Brazil's Petrobras reports 41% decline in third-quarter profit
- Brazil's state-run oil company Petrobras posted a 41.5% drop in its third-quarter profits on Thursday.
- 11/09/2023
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Is Petroleo Brasileiro (PBR) Stock Outpacing Its Oils-Energy Peers This Year?
- Here is how Petrobras (PBR) and Sunoco LP (SUN) have performed compared to their sector so far this year.
- 11/08/2023
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Petrobras (PBR) Just Overtook the 20-Day Moving Average
- After reaching an important support level, Petrobras (PBR) could be a good stock pick from a technical perspective. PBR surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
- 11/03/2023
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Petrobras: Attractively Valued And Well-Positioned To Absorb Industry Tailwinds
- Petrobras is a generous company in terms of dividend policy, with a high dividend yield and the ability to generate substantial free cash flow. The company's financial performance has been volatile over the decade, but its profitability demonstrated solid resilience even during the deep crisis during the global lockdown of 2020-2021. The stock is attractively valued, with potential upside depending on conservative dividend growth assumptions, and the company is well-positioned to absorb industry tailwinds.
- 11/02/2023
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3 Highly Ranked Energy Stocks to Buy as Earnings Approach
- There are a number of top-rated stocks set to report their quarterly results on Thursday, November 2 with several belonging to the Zacks Oils & Energy sector.
- 11/01/2023
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New Strong Buy Stocks for November 1st
- OPI, VICI, AMZN, PBR and FRBA have been added to the Zacks Rank #1 (Strong Buy) List on November 1, 2023.
- 11/01/2023
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Best Value Stocks to Buy for November 1st
- OPI, PBR and AER made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 1, 2023.
- 11/01/2023
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50 Large-Cap High-Yield Stocks For November
- We recently published this list of 50 large-cap high-dividend stocks as of 10/27/23 per data from YCharts. The list targeted investors who “don't want to simply focus on a high dividend yield only to discover that the stock price has plunged or that the corporation went belly-up.”. Investors reduce volatility/risk by limiting high-dividend search to large-well-established companies.
- 10/31/2023
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Despite Fast-paced Momentum, Petrobras (PBR) Is Still a Bargain Stock
- Petrobras (PBR) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 10/27/2023
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Brazil's Petrobras third-quarter oil output grows 9.6%
- Brazilian state-run oil company Petrobras said on Thursday that its crude oil production during the third quarter rose 9.6% compared to the same period last year.
- 10/26/2023
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68 Ben Graham November Value Stocks: 58 Notorious Buys
- “Value ranking, looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria Benjamin Graham followed. “—YCharts Value Screener. 68 November Value large caps and Graham formula-derived results reflect established value-stock detection-criteria. Of those, 58 met the dogcatcher-Notorious-ideal of dividends from $1K invested exceeding their single-share-stock-prices. Representing eight-of-eleven Morningstar Sectors, all 58 ideal value-picks pay regular-dividends. Broker-target-top-ten net-gains ranged 38.29%-81.03%, topped by SBSW & SQM, as-of 10/23/23.
- 10/26/2023
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Are You Looking for a Top Momentum Pick? Why Petrobras (PBR) is a Great Choice
- Does Petrobras (PBR) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 10/26/2023
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Brazil's Petrobras says no deal for fertilizer plant in Bolivia
- Brazilian state-run oil company Petrobras said on Thursday it has not reached any deal with Bolivia's YPFB on potentially building a new fertilizer plant in the neighboring country.
- 10/26/2023
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Brazil's Petrobras and Bolivian YPFB eye $2.5 bln investment in urea plant
- Brazilian state-run oil company, Petrobras and Bolivia's Yacimientos Petroliferos Fiscales Bolivianos (YPFB) are considering a $2.5 billion investment in a new urea and ammonia plant near the border between the two countries, YPFB said on Wednesday.
- 10/25/2023
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Brazil's Petrobras to cut gasoline, raise diesel prices
- Brazilian state-run oil firm Petrobras said on Thursday it will cut prices of gasoline sold to distributors and raise those for diesel starting on Oct. 21.
- 10/19/2023
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Petrobras (PBR) Falls More Steeply Than Broader Market: What Investors Need to Know
- Petrobras (PBR) closed the most recent trading day at $16.36, moving -0.97% from the previous trading session.
- 10/19/2023
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Petroleo Brasileiro S.A.- Petrobras (PBR) is Attracting Investor Attention: Here is What You Should Know
- Zacks.com users have recently been watching Petrobras (PBR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 10/19/2023
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Momentum Alert: 3 Stocks Breaking Out Despite Geopolitical Uncertainty
- Amid the tragic events happening in the middle east, a number of stocks continue to hold up well, even with tensions continuing to rise. And while many traders are hedging their portfolios or lowering their exposure to equities, it may be a short-sighted strategy.
- 10/18/2023
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Petrobras (PBR), Ocyan Partner to Revitalize Gas Pipeline
- Petrobras (PBR) awards a $317.49-million contract to Ocyan for revitalizing Campos Basin gas pipelines, ensuring supply and reducing costs.
- 10/18/2023
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Output from Brazil's Petrobras hits nearly 4 mln barrels in third quarter
- Brazilian state-run oil firm Petrobras said on Monday its combined oil and gas output in the third quarter reached 3.98 million barrels of oil equivalent per day from the projects it operates.
- 10/16/2023
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Petrobras (PBR) Refineries Achieve Record Utilization in Q3 2023
- Petrobras' (PBR) refining plants operate at 97% capacity, for the second consecutive month, leading to the highest Total Utilization Factor since 2014.
- 10/16/2023
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Petrobras (PBR) and Norway Partner for Energy Transition
- Petrobras (PBR) seeks collaboration with Norwegian firms for equitable energy transition, emphasizing positive impacts and new partnerships.
- 10/13/2023
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Petrobras (PBR) Stock Falls Amid Market Uptick: What Investors Need to Know
- In the latest trading session, Petrobras (PBR) closed at $15.07, marking a -0.07% move from the previous day.
- 10/11/2023
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Petrobras (PBR) Is Attractively Priced Despite Fast-paced Momentum
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Petrobras (PBR) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 10/11/2023
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Petrobras (PBR) Sees a More Significant Dip Than Broader Market: Some Facts to Know
- Petrobras (PBR) reachead $13.78 at the closing of the latest trading day, reflecting a -0.58% change compared to its last close.
- 10/05/2023
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All You Need to Know About Petrobras (PBR) Rating Upgrade to Strong Buy
- Petrobras (PBR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 10/04/2023
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Petroleo Brasileiro S.A.- Petrobras (PBR) Is a Trending Stock: Facts to Know Before Betting on It
- Petrobras (PBR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 10/04/2023
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Best Value Stocks to Buy for October 4th
- PBR and APA made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 4, 2023.
- 10/04/2023
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Petrobras (PBR) & Vale Join Forces to Develop Renewable Energy
- Petrobras (PBR) and Vale collaborate on renewable energy, hydrogen production and diesel supply solutions, driving Brazil's energy sector toward sustainability.
- 10/04/2023
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50 Large-Cap High-Yield Stocks For October
- Dogsofthedow.com recently published this list of 50 large-cap high-dividend stocks as of 9/28/23. The DOD list targeted investors who “don't want to simply focus on a high dividend yield only to discover that the stock price has plunged or that the corporation went belly-up”. Investors reduce volatility/risk by limiting high-dividend search to large well-established companies.
- 10/01/2023
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Petrobras (PBR) Taps Chinese Banks for Deepwater Oil Expansion
- Petrobras (PBR) is actively engaging with Chinese banks to fuel its deepwater oil expansion goal in Brazil's South Atlantic, leveraging its rapidly expanding FPSO fleet.
- 09/29/2023
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Petrobras, Vale to seek opportunities for joint investment in renewables
- The head of Brazil's state oil firm Petrobras said on Thursday it will sign a memorandum of understanding with mining giant Vale to study potential joint ventures in renewable energy, even as looks to new suppliers for diesel.
- 09/28/2023
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66 Ben Graham October Value Stocks: 56 Outrageous Buys
- “Value ranking, looks at the price of a stock relative to. intrinsic firm value. Graham Value Stocks match the criteria . Benjamin Graham followed. “—YCharts Value Screener. 66 August Value large caps and Graham formula-derived results reflect established value-stock detection-criteria. Of those, 56 met the dogcatcher-outrageous-ideal of dividends from $1K invested exceeding single-share-stock-prices. Representing nine-of-eleven Morningstar Sectors, all 56 ideal value-picks pay regular-dividends. Broker-target-top-ten net-gains ranged 33.15%-84.12%, topped by PDM & SQM, as-of 9/22/23.
- 09/26/2023
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Readers Post 32 August Dividend Buy Candidates
- Prior to August 31, 2023, my Readers mentioned 37 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: PFE, PBR, O, T, BRSP, BTI, PRB.A, VOD, WBA, and MITT, averaged 48.7% net gains from reader data collected 8/18/23. Ten analyst-target-augured August TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: MMM, KHC, BRSP, T, O, PFE, BTI, VOD, WBA, & MITT boasting a 46.54% average target price upside estimate.
- 09/20/2023
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Investors Heavily Search Petroleo Brasileiro S.A.- Petrobras (PBR): Here is What You Need to Know
- Zacks.com users have recently been watching Petrobras (PBR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 09/19/2023
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The 3 Most Undervalued Emerging Markets Stocks to Buy in September 2023
- Emerging markets offer unique opportunities for investors. Many investors are hesitant to branch out to companies outside the U.S., but these three stocks offer a great buying opportunity.
- 09/18/2023
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Petrobras (PBR) Aims to Lead Brazil's Wind Energy Sector
- Petrobras (PBR) looks forward to leading Brazil's wind energy sector with initiatives to expand its green energy portfolio.
- 09/13/2023
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Brazil's WEG partners with Petrobras to develop onshore wind turbine
- Brazilian motor maker WEG SA said on Tuesday that it has signed up to a strategic partnership with state-run oil firm Petrobras to develop a 7 megawatts onshore wind turbine.
- 09/13/2023
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Oil firm Petrobras to present plan to become Brazil's top wind energy developer
- Brazil state-run oil company Petrobras said on Tuesday it will present on Wednesday new initiatives aiming to make the firm the country's biggest developer of wind energy.
- 09/12/2023
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Petroleo Brasileiro S.A.- Petrobras (PBR) is Attracting Investor Attention: Here is What You Should Know
- Zacks.com users have recently been watching Petrobras (PBR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 09/08/2023
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The 3 Best Emerging Markets Stocks to Buy Now: September 2023
- Emerging markets are a diverse and dynamic group of countries that offer investors exposure to high-growth potential and attractive valuations. However, not all emerging markets are created equal.
- 09/07/2023
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Brazil's Petrobras to make scheduled stoppage at Regap refinery -sources
- Brazilian state-run oil firm Petrobras will make a scheduled maintenance stoppage at its Gabriel Passos Refinery (Regap) in Minas Gerais state, three sources with knowledge of the matter told Reuters.
- 09/06/2023
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Brazil's Petrobras signs agreements with Compagas for natural gas supply
- Brazil's state-run oil company Petrobras has signed contracts for the supply of natural gas with gas company Compagas for around 6.4 billion reais ($1.28 billion), Compagas told Reuters on Tuesday.
- 09/05/2023
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Brazil's Petrobras buys carbon credits for the first time
- Brazilian oil company Petrobras has made its first carbon credit purchase, the state-run company said on Tuesday, seeking to burnish its environmental credentials in a broader push to become more sustainable.
- 09/05/2023
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Petrobras (PBR) to Receive OTC Award for New Well Technology
- Petrobras (PBR) is set to receive the 2023 OTC Brasil Distinguished Achievement Award in October for a new well construction/intervention development.
- 09/05/2023
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Petrobras-Mubadala partnership may open door to refinery deal, say sources
- Brazilian state-run oil firm Petrobras remains eager to repurchase a refinery from Abu Dhabi state investor Mubadala despite antitrust barriers, and a new biofuels partnership could open the door to future talks, two sources told Reuters.
- 09/04/2023
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Brazil's Petrobras walks back 4 divestment processes after review
- Brazilian state-run oil company Petrobras said on Monday it has decided to halt some key asset sales after concluding a broad revision of divestment processes, which were launched during the country's previous administration.
- 09/04/2023
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50 Large-Cap High-Yield Stocks For September
- Dogsofthedow.com recently published this list of 50 large-cap high-dividend stocks as of 8/31/23 per data from YCharts. The list targeted investors who “don't want to simply focus on a high dividend yield only to discover that the stock price has plunged or that the corporation went belly-up." Investors reduce volatility/risk by limiting high-dividend search to large-well-established companies.
- 09/01/2023
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Exclusive: Brazil's Petrobras plans China subsidiary in push to boost ties, CEO says
- Petrobras plans to create a Chinese subsidiary, Chief Executive Jean Paul Prates told Reuters, as Brazil's state-run oil firm pushes to strengthen relations with the Asian nation that had "chilled" under former President Jair Bolsonaro.
- 08/31/2023
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Brazil's Petrobras taps Chinese companies for energy collaboration
- Brazilian state-run oil company Petrobras said on Wednesday it signed a memorandum of understanding (MOU) with Chinese state-owned oil firm CNOOC to extend its collaboration in the energy sector.
- 08/30/2023
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Petrobras, (PBR) CNOOC Sign a Strategic Expansion Cooperation Deal
- Petrobras (PBR) signs a strategic cooperation with CNOOC in order to expand the latter's footprint in Brazil's deep-water pre-salt basins.
- 08/30/2023
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Connecticut oil trader hit with new charges in Petrobras bribery case -DOJ
- A Connecticut oil and gas trader already charged for his alleged role in a bribery scheme to win business from Brazil's state-owned Petrobras oil company was hit with additional charges on Tuesday, the Justice Department said.
- 08/29/2023
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Petrobras partners with Chinese banks to pursue green finance opportunities
- Petrobras (NYSE:PBR), a Brazilian state-run oil company announced on Monday that it has signed non-binding memorandums of understanding (MOUs) with the China Development Bank and the Bank of China with the aim of pursuing opportunities in low carbon and green finance. Other goals of the partnerships are financing Petrobras (NYSE:PBR)' supply chain and increasing and facilitating commercial and financial exchanges between Petrobras and Chinese companies, Petrobras said in a statement.
- 08/29/2023
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China's CNOOC, Brazil's Petrobras announce strategic cooperation agreement
- Chinese state-owned oil and gas giant CNOOC has signed a strategic cooperation agreement with Brazilian state oil firm Petrobras , Chinese government-backed media outlet The Paper reported on Tuesday, citing CNOOC.
- 08/28/2023
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Brazil's Petrobras signs MOU with Chinese banks
- Brazilian state-run oil company Petrobras said on Monday it has signed a memorandum of understanding (MOU) with China Development Bank (CHDB.UL) and Bank of China to partner on a range of projects.
- 08/28/2023
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Petroleo Brasileiro S.A.- Petrobras (PBR) Is a Trending Stock: Facts to Know Before Betting on It
- Zacks.com users have recently been watching Petrobras (PBR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 08/28/2023
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69 Ben Graham September Value Stocks: 55 Ridiculous Buys
- “Value ranking looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria Benjamin Graham followed." —YCharts Value Screener. 69 August Value large caps and Graham formula-derived results reflect established value stock detection criteria. Of those, 55 met the dogcatcher ridiculous ideal of dividends from $1K invested exceeding single share stock prices. Representing nine of eleven Morningstar Sectors, all 55 ideal value picks pay regular dividends. Broker target top ten net gains ranged 31.64%-73.39%, topped by PDM & PANL, as of 8/24/23.
- 08/28/2023
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Petrobras' (PBR) Chief Expects Another 40 Years of Oil Production
- Petrobras (PBR) anticipates continuing oil production over the next four decades using a balanced portfolio approach, despite predictions that the global demand for oil will decline.
- 08/23/2023
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Petrobras to continue producing oil for the next 4 decades, says exec
- Brazilian state-run oil company Petrobras expects to continue to produce oil for the next four decades, while also boosting investments in renewables as it seeks to drive an energy transition, an executive said on Tuesday.
- 08/22/2023
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Investors Heavily Search Petroleo Brasileiro S.A.- Petrobras (PBR): Here is What You Need to Know
- Recently, Zacks.com users have been paying close attention to Petrobras (PBR). This makes it worthwhile to examine what the stock has in store.
- 08/16/2023
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Petrobras (PBR) Q2 Earnings Miss Estimates on Lower Oil Price
- At the end of the second quarter of 2023, Petrobras (PBR) had a net debt of $42,177 million. The company ended the quarter with cash and cash equivalents of $10,351 million.
- 08/16/2023
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Petrobras (PBR) Rebalances With Market Via Fuel Price Hike
- Petrobras (PBR) increases prices for diesel and gasoline in an attempt to reduce cost gap with international markets. This move will likely hasten inflation.
- 08/16/2023
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Petrobras CEO says no pressure from govt on fuel prices
- Brazil's Petrobras was not pressured by the federal government to refrain from raising local fuel prices, its CEO said, after the state-run oil company announced a major hike in gasoline and diesel prices to track an "abrupt" global spike.
- 08/16/2023
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Petrobras (PBR) Unlikely to Sell Its 36% Stake in Braskem
- Petrobras (PBR) indicates that it will preserve its existing ownership in Braskem and not turn it into a government-owned company.
- 08/14/2023
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Brazil's Petrobras does not intend to sell Braskem stake, report says
- Brazilian state-run oil company Petrobras is not planning to sell its 36% stake in petrochemical firm Braskem , newspaper Valor Economico reported on Thursday, citing unnamed sources.
- 08/10/2023
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Petrobras' Dividend Revision Is Necessary
- Petrobras has generated strong financial results, earning almost $7 billion in free cash flow and paying out a massive $6.2 billion in dividends. The company's earnings have been impacted by volatility, with refining having a larger impact than upstream earnings. Petrobras has a strong cash flow and has reduced its debt to a manageable level, allowing for increased shareholder returns through share buybacks.
- 08/07/2023
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Exclusive: Petrobras investments may rise up to 10% in new 5-year plan, says CFO
- Brazil's Petrobras may increase investments in its next five-year business plan by up to 10% over the previous one, which would place the state-run oil company's capital expenditures at around $86 billion, Chief Financial Officer Sergio Caetano Leite said in an interview on Monday.
- 08/07/2023
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50 Large-Cap High-Yield Stocks For August
- dogsofthedow.com (DOD) recently published this list of 50 large-cap high-dividend stocks as of 8/3/23 per data from YCharts. The DOD list targeted investors who “don't want to simply focus on a high dividend yield only to discover that the stock price has plunged or that the corporation has gone belly-up." Investors reduce this volatility/risk by searching for high dividends from large well-established companies. For example, YCharts net-gain estimates (updated 8/3/23) for STLA, PBA, ET, BTI, TEF, T, PBR, IEP, VOD & MO ranged 36.88%-65.73%.
- 08/07/2023
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Protesters oppose Petrobras oil exploration plan at mouth of Amazon river
- Environmental demonstrators protested on Sunday against plans by Brazilian state-run oil company Petrobras to drill for oil at the mouth of the Amazon river.
- 08/06/2023
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Brazil's Petrobras to start share buyback program conservatively
- Brazil's state-owned oil company Petrobras said on Friday that its share buyback program will start conservatively to avoid causing major price fluctuations.
- 08/04/2023
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Brazil's Petrobras profit drops 36% in Q2
- Brazilian state-run oil firm Petrobras on Thursday posted a 35.9% fall in its second-quarter profit.
- 08/03/2023
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70 Ben Graham August Value Stocks, 59 Absurd Buys
- “Value ranking, looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria Benjamin Graham followed. “—YCharts Value Screener. 70 August Value large caps and Graham formula-derived results reflect established value stock detection criteria. Of those, 59 met our absurd ideal of dividends from $1K invested exceeding single share stock prices. Representing nine-of-eleven Morningstar Sectors, all 59 ideal value picks pay regular dividends. Broker-target-top-ten net gains ranged 27.38%-55.94%, topped by PDM & TRMD, as of 8/1/23.
- 08/03/2023
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Petrobras: News About Dividend Policy And Renewable Energies
- Petrobras has lowered its target payout policy from 60% to 45% of free cash flow but will consider share buybacks. The company's financial progress is positive, with significant debt reduction and increased earnings estimates. PBR stock is entering the renewable energy sector and has signed a letter of intent to study offshore wind projects.
- 08/02/2023
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Petrobras: Here Comes The Cut - Keep Calm And Enjoy The $84 Brent
- PBR finalized its shareholder returns at 45% of FCF, down from its previous 60%. This marks the end of its hyper-pandemic dividend payouts and yields. The cut is interesting, since there is no real need to reduce its variable shareholder returns policy, since its Free Cash Flow generation already takes into account of capex. Then again, Brent has recovered to over $80s, with market analysts and the EIA expecting it to stabilize at $84 through 2024, signaling rich payouts and yields ahead.
- 08/01/2023
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Petrobras: The Dividend Is Finally Cut, Here's What To Expect Next
- Petrobras has revised its dividend policy, a significant downgrade from last year's substantial payouts. The revised guidance is also more substantial than what analysts projected. While the revision isn't unexpected, the more than expected revision could compel some income investors to bail out, as they worry about a downward de-rating in its valuation. Despite that, PBR last traded at an attractive valuation, suggesting that the market has likely reflected a dividend cut. Also, its price action is constructive, improving buying sentiments.
- 07/29/2023
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Petrobras: Very Cheap, Highly Profitable, And Returning 17.6%
- Petrobras: Very Cheap, Highly Profitable, And Returning 17.6%
- 07/29/2023
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Brazil's Petrobras to trim dividends under new policy
- Brazilian state-run oil firm Petrobras' board of directors on Friday approved a new shareholder remuneration policy that will trim its hefty dividend and allow share buybacks, according to a securities filing.
- 07/28/2023
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Brazil's Petrobras oil output dips slightly in second quarter
- Brazilian state-run oil company Petrobras said on Wednesday its second-quarter crude oil production fell 0.6% compared to the same period last year.
- 07/26/2023
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Petrobras (PBR) Boosts Refining Plan Amid Rising Diesel Imports
- Petrobras (PBR) aims to boost local motor fuel production, import Russian diesel and prioritize domestic output for maintaining a competitive edge in the market.
- 07/20/2023
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Readers Reveal 30 June Dividend Buys
- Prior to June 30, 2023, my readers mentioned 42 equities in their comments on my articles. Some bad-news investments (Rogues) mixed with (mostly) Favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: GGB, PFE, VFC, SB, GSL, BTI, PDM, PBR, SBSW, and IPOOF, averaged 65.57% net gains from reader data collected 7/17/23. Ten analyst-target-augured June TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: BRSP, GGB, PFE, VFC, SB, PDM, BPI, GSL, SBSW, & IPOOF boasting a 55.56% average target price upside estimate.
- 07/19/2023
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Petrobras Q2 dividends to be based on new policy, CFO says
- Brazilian state-run oil company Petrobras is likely to already base its second-quarter dividends on a new policy being prepared by a working group, Chief Financial Officer Sergio Caetano Leite said on Wednesday.
- 07/19/2023
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Petrobras (PBR) Initiates Call for SHF Radio Links at Offshore Units
- Petrobras (PBR) opens tender for high-frequency radio links in Campos and Espirito Santo.
- 07/19/2023
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Brazil's Petrobras touts refining plan as Russian diesel imports jump
- Brazilian state-run oil firm Petrobras will double down on its strategy to maximize motor fuel from its local refineries even as it boosts imports of cheap Russian diesel, the company's top executive told Reuters on Monday.
- 07/18/2023
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Exclusive: Petrobras to hold investments roughly stable in new five-year business plan, CEO says
- Brazil's state-run oil company Petrobras will keep total investments in its upcoming 2024-2028 business plan broadly in line with the $78 billion foreseen in its latest five-year plan, CEO Jean Paul Prates told Reuters on Monday.
- 07/17/2023
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Here is What to Know Beyond Why Petroleo Brasileiro S.A.- Petrobras (PBR) is a Trending Stock
- Recently, Zacks.com users have been paying close attention to Petrobras (PBR). This makes it worthwhile to examine what the stock has in store.
- 07/14/2023
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Petrobras (PBR) Requests Access to Braskem's Due Diligence Data
- Petrobras (PBR) seeks access to Braskem's due diligence information for preemptive rights to sell shares held by controlling shareholder Novonor.
- 07/13/2023
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Petrobras (PBR) Sells FPSO for Sustainable Recycling in Brazil
- Petrobras (PBR) finalizes the disposal of an FPSO vessel as part of a sustainable ship recycling initiative, in what is believed to be the first recycling project in Brazil.
- 07/12/2023
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Petrobras (PBR) to Buy Assets After Decade-Long Divestitures
- Petrobras (PBR) seeks to acquire oil assets after decade-long divestments. This development can be attributed to robust cash generation and low production costs.
- 07/11/2023
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7 Stocks That Wall Street Analysts Are Loving in July
- Tapping into the top analyst picks discourse may feel like navigating a labyrinth. Imagining analysts as obsessive, encyclopedic nerds of the stock markets, it's easy to presume their word is gold.
- 07/09/2023
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Petrobras (PBR), SLB Sign a Five-Year Digitalization Contract
- Petrobras (PBR) has awarded a five-year contract to SLB for its Delfi platform, to use cloud-based technology to increase efficiency and productivity.
- 07/07/2023
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Petrobras (PBR) Inks Natural Gas Supply Contract With Copergas
- Petrobras (PBR) signs an agreement worth 6.7 billion reais with Copergas for the supply of natural gas.
- 07/05/2023
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Petrobras (PBR) Resumes Abreu's Project to Boost Capacity
- Petrobras (PBR) gears up to revitalize its Abreu e Lima refinery with a new production line. It is set to enhance diesel fuel and product output by 2027 after a break since 2015.
- 07/05/2023
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Petrobras Stock: Too Many Yellow Flags To Be Bullish
- Brazilian oil company Petrobras continues to report strong financial results but faces several political risks that could impact future profitability and dividend distribution. Petrobras shares have rebounded significantly this year due to reduced risk perception of the Brazilian economy and the company itself, but concerns over state intervention under President Lula's administration persist. Despite the company's attractive dividend yield, the sustainability of this trend is uncertain, and investors should consider the potential for increased political interference and market volatility before investing.
- 07/04/2023
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July's Top 50 Large-Cap High-Yield Dividend Stocks
- Dogsofthedow.com recently published this list of 50 large-cap high-dividend stocks as of 6/29/23. This list targeted investors who “don't want to simply focus on a high dividend yield only to discover that the stock price has plunged or that the corporation has gone belly-up”. Investors reduce volatility/risk by limiting high-dividend searches to large-well-established companies. For example, net gain estimates (as-of-6/29/23) for PXD, WES, TEF, DVN, T, ET, STLA, PBR, BTI, & topped-by VOD, ranged 31.24%-56.04%.
- 07/01/2023
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Petrobras Stands Out From Other Oil And Gas Players
- Petrobras has rallied strongly in the last month on the back of a strong Brazilian economy and real. Lula risks were overestimated, and this is clear in the light of recent events. Despite this rally, PBR stock is still very undervalued and a good buy at these levels.
- 06/28/2023
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Brazil top court justice holds up Petrobras' minimum-pay appeal win
- A Brazilian top court judge asked on Tuesday to review an appeal won earlier this week by state-run oil company Petrobras in a labor case, again throwing into question whether the company will have to pay its workers billions of dollars.
- 06/27/2023
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Petrobras (PBR) Partners With Nauticus Robotics for Aquanaut
- Petrobras (PBR) joins forces with Nauticus Robotics to develop Aquanaut, an advanced autonomous underwater vehicle, using robotics and AI.
- 06/27/2023
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Petrobras wins appeal in multi-billion dollar labor case
- Brazil's state-run oil company Petrobras has won its appeal in the Supreme Court against a 2018 labor conviction, avoiding billions of dollars in payments.
- 06/26/2023
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Options Action: Energy is S&P 500's worst performing sector
- Mike Khouw, Optimize Advisors president, joins 'Fast Money' and the Options Action traders to discuss Energy's poor showing today.
- 06/22/2023
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Petrobras aims to resume big fertilizer project, invest in Bolivia
- The chief executive of Brazil's state oil company Petrobras said on Thursday he expects to resume work on a major nitrogen fertilizer project in the city of Tres Lagoas, and hinted at new gas projects in Bolivia.
- 06/22/2023
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Analyst Upgrades: 7 Stocks Wall Street Is Loving in June
- Perhaps one of the most controversial topics, on surface level, the concept of analyst upgraded stocks should seem a no-brainer. In our heads, we have fantastical ideas that analysts are nothing more than equity market nerds that eat and sleep publicly traded securities.
- 06/22/2023
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Analysts turn bullish on Petrobras as new policies become clearer
- Analysts at major global banks have been upgrading their share price expectations for Brazil's state-run oil firm Petrobras as they evaluate that the policies of the new leftist government are not as unfriendly to investors as some had feared.
- 06/21/2023
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Petrobras: Chasing ~20% Dividend Yields Despite The Geopolitical Risks
- PBR's income investment thesis remains attractive, due to its low break-even cost and higher Brent oil spot prices. The management has also guided stellar shareholder returns over the next few years, for so long that Brent remains above $40s. The company's stock is trading with a geopolitical discount compared to its US-based oil/gas peers, despite the optimistic FY2023 FCF projections.
- 06/19/2023
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Petrobras: Worst Has Been Avoided
- Petrobras has best-in-class assets and a wide cost moat. For now, the worst has been avoided in terms of Petrobras' governance. PBR's significant discount to peers is no longer justified. The Brazilian Real may soon appreciate against the U.S. dollar.
- 06/16/2023
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Readers Reveal 26 Ideal May Dividend Dogs
- Prior to May 31, 2023 my readers mentioned 38 equities in their comments on my articles. Some bad-news investments (rogues) mixed with (mostly) favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: PM, NRIM, CTRA, PXD, DVN, HTBK, BRSP, VFC, CHK, and PBR, averaged 38.47% net gains from reader data collected 6/14/23. Ten analyst-target-augured May TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: TSN, PM, NRIM, PXD, CTRA, DVN, BRSP, HTBK, CHK, & VSP, boasting a 27.76% average target price upside estimate.
- 06/16/2023
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Petrobras (PBR) Shows Reluctance Over Acquiring Braskem
- Petrobras (PBR) expresses unwillingness in exercising its right to acquire Braskem and consolidate the latter's debt.
- 06/16/2023
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54 Ideal June Value Buys From Benjamin Graham's Work
- "Value ranking looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria Benjamin Graham followed." — YCharts Value Screener. 67 June value large caps and Graham formula-derived results reflect established value stock detection criteria. Of those, 54 met the dogcatcher-ideal of dividends from $1K invested exceeding single-share stock prices. Representing eight of eleven Morningstar Sectors, all 54 ideal value picks pay regular dividends. Broker-target top-ten net gains ranged 34.55%-81.13%, topped by SBSW and PDM, as of 6/8/23.
- 06/11/2023
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Petrobras (PBR) Shifts Focus, Boosts Low-Carbon Initiatives
- Petrobras (PBR) revises its strategic plan to allocate a larger portion of its CAPEX to low-carbon initiatives. It does so with the objective to reduce carbon emissions and contribute to the global energy transition.
- 06/07/2023
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Petrobras hits highest monthly refinery utilization rate since 2015
- Brazilian state-run oil company Petrobras in May hit a refinery utilization rate of 95%, the highest monthly rate since July 2015, the company said in a statement on Wednesday.
- 06/07/2023
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Petrobras: The Dividend Bonanza Continues
- Petrobras, Brazil's largest oil company, trades at a low valuation and offers a high dividend yield despite political and macro risks. The company remains highly profitable, generating significant cash flows even with lower oil prices, and has reduced its debt levels in recent years. Despite political risks, high dividends are beneficial for both Brazil's government and outside investors, making Petrobras stock a potentially rewarding energy investment.
- 06/07/2023
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Petrobras (PBR) to Boost Oil Production in Buzios Field
- Petrobras (PBR) commences production on the FPSO Almirante Barroso platform in Brazil's Buzios field, which has the capacity to produce up to 150,000 barrels of oil and 6 million cubic meters of gas per day.
- 06/05/2023
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3 Stocks That High-Yield ETFs Are Betting On
- The stock market has roared back to life in 2023 and has largely outperformed expectations. Investors have begun to pour back into the stock market in search of bargains.
- 06/02/2023
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Brazil's Petrobras cuts jet fuel prices for 4th month in a row
- Brazilian state-run oil company Petrobras said on Thursday it has reduced jet fuel prices by 12.6% starting June 1, marking its fourth consecutive monthly price cut.
- 06/01/2023
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Petrobras eyes global expansion as Brazil hopes fade, sources say
- Brazil's Petrobras may look abroad for future growth, two sources with knowledge of the state-run firm's plans told Reuters, after environmental regulators dashed its hopes of exploring near the Amazon River where it had aimed to make its first major domestic oil discovery in over a decade.
- 06/01/2023
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June's Top 50 Large-Cap High-Yield Dividend Stocks
- Dogsofthedow.com originally published this list of 50 large-cap high-dividend stocks as-of 5/5/23. This list targeted-investors who “don't want to simply focus on a high dividend yield only to discover that the stock price has plunged or that the corporation has gone belly-up." Limiting investors high-dividend search to large, well-established companies reduces this volatility/risk. For example, YCharts net-gain estimates from 5/29/23 for RIO, T, ET, CHK, BBVA, VOD, BTI, STLA, EC, & PBR ranged 40.39%-74.75%.
- 05/31/2023
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Petrobras Is A Rare Investment That May Generate Reliable Double-Digit Returns
- Petróleo Brasileiro S.A. represents a rare investment that's simply and fundamentally undervalued based on its cash flow potential. The company's share price has been punished some by Brent crude prices dropping towards $75 / barrel. Petrobras' improved balance sheet enables it to focus cash towards shareholder returns, making it a profitable holding.
- 05/30/2023
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Petrobras (PBR) Challenges Ibama's Environmental License Decision
- Petrobras (PBR) seeks reconsideration of Ibama's environmental license denial, citing compliance with requirements and commitment to environmental protection.
- 05/26/2023
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3 Dividend Stocks Yielding 20% (or More!)
- In the investing world, top high-yielding dividend stocks can offer robust income streams, potentially acting as strong pillars for conservative investors looking to meet their financial milestones. However, the waters can get murky when you delve into the territory of dividend stocks yielding 20% or more.
- 05/26/2023
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Brazil's Petrobras asks to resume process for well near Amazon mouth
- Brazilian state-run oil firm Petrobras asked to resume a licensing process for a controversial well near the mouth of the Amazon river, the company's chief executive said late on Thursday.
- 05/25/2023
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Is Petrobras (PBR) a Potential Pick for Value Investors?
- Is Petrobras (PBR) a great pick from the value investor's perspective right now? Read on to know more.
- 05/25/2023
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Brazil environment agency unlikely to change decision on Petrobras oil project in Amazon
- The president of Brazilian environmental agency Ibama said Monday that the agency is unlikely to change its opinion on a request made by Petrobras to drill a well at the mouth of the Amazon near Amapa state.
- 05/22/2023
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Lula doubts Petrobras oil project in Amazon would hurt environment
- Brazilian President Luiz Inacio Lula da Silva on Monday said he finds it "difficult" to believe that oil exploration in the Amazon basin would cause environmental damage to the region's rainforest, the largest in the world.
- 05/22/2023
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Readers Reveal 26 Ideal April-May Dividend Dogs
- Prior to April 30, 2023 my readers mentioned 26 equities in recent comments on Arnold articles. Some bad-news investments (rogues) mixed with (mostly) favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated Top-Net-Gain ReFa/Ro: CVX, ACRE, RC, FRT, IMO, REFI, VFC, BRSP, SBLK, and PBR, averaged 44.3% net gains from reader data collected 5/17/23.
- 05/20/2023
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Brazil's Petrobras to appeal environment agency decision on Amazon drilling next week, sources say
- Brazilian state-run oil company Petrobras will next week appeal the decision from the environmental protection agency Ibama barring it from drilling at the mouth of the Amazon river, sources close to the matter said on Friday.
- 05/19/2023
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Petrobras' (PBR) Request to Drill at Amazon River Gets Rejected
- Petrobras (PBR) faces a setback in the Amazon River well drilling project following the rejection of its proposal by Ibama. The dismissal is based on a technical recommendation citing discrepancies.
- 05/19/2023
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Brazil's Petrobras to appeal environment agency's decision to block Amazon drilling project
- Brazilian state-run oil company Petrobras said on Tuesday it will appeal a decision from the country's environmental agency Ibama to reject the firm's request to drill at the Amazon mouth near Amapa state.
- 05/18/2023
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Decision to block Petrobras' Amazon project roils Lula coalition
- The leader of President Luiz Inacio Lula da Silva's government in Brazil's Congress announced on Thursday he was leaving his party as the fallout of environmental agency Ibama's decision to block an Amazon oil project roiled Lula's coalition.
- 05/18/2023
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Petrobras (PBR) Identifies Hydrocarbons in Aram Block Well
- Petrobras (PBR) discovers hydrocarbons in an exploratory well in the Aram block, situated in the Santos Basin pre-salt offshore Brazil.
- 05/18/2023
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Brazil environment agency rejects Petrobras' request to drill at Amazon
- The Brazilian environmental protection agency Ibama said on Wednesday it rejected a request from state-run oil company Petrobras to drill a well at the mouth of the Amazon river.
- 05/17/2023
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Petrobras (PBR) Q1 Earnings Miss Estimates on Lower Oil Price
- At the end of the first three months of 2023. Petrobras (PBR) had a net debt of $37,588 million, down from $40,072 million a year ago and $41,516 million as of Dec 31, 2002.
- 05/17/2023
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52 Ideal May Value Buys From Ben Graham
- “Value ranking, looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria. Benjamin Graham followed. “—YCharts Value Screener. 66 May Value large caps and Graham formula-derived results reflect established value-stock detection-criteria. Of those, 52 met the dogcatcher-ideal of dividends from $1K invested, exceeding single-share-stock-prices.
- 05/16/2023
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7 Energy Stocks That Are Poised to Explode as Oil Prices Soar in 2023
- The upcoming summer driving season and last month's soft inflation report warrant a look at the energy stocks to explode as oil prices soar. Energy markets have been incredibly volatile since the start of the year.
- 05/15/2023
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Petrobras: Earnings Beat While Revenues Slip
- PBR has outperformed the XLE since the end of 2022. The stock is playing catch-up from its underperformance in 2022. Brazilian political issues face the company. President Lula supports a green agenda, and democratic socialism and BRICS are united.
- 05/09/2023
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43 May 2023 Ideal Dividend Large-Cap High-Yield Stocks
- Dogsofthedow.com published this May list of 50 Large Cap High Dividend stocks 5/5/23. Dogsofthedow.com published this list for investors who “don't want to simply focus on high dividend yield only to discover the stock price plunging or the corporation has gone belly-up."
- 05/09/2023
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Petrobras: Still Double-Digit Dividends Expected In 2023
- I believe that the risks are sufficiently priced in. What could shock Petrobras' share now could be a political black swan. In contrast, the company has several tailwinds such as a generally growing Brazilian economy and gasoline demand, and more demand for oil exports.
- 05/03/2023
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Why Oil and Gas Majors Chevron, ExxonMobil, and Petrobras Were Plunging Today
- U.S. economic data came in weaker than expected Monday and Tuesday. The Fed looks poised to raise benchmark interest rates again by 0.25 percentage points Wednesday.
- 05/02/2023
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Petrobras (PBR) Asked to Furnish Investment Plans by Government
- Brazil's Ministry of Mining & Energy asks Petrobras (PBR) to divulge details about its investment plans for supporting the government's economic growth program.
- 04/27/2023
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FTRI: ETF With 8% Yield To Bet On Commodities
- First Trust Indxx Global Natural Resources Income ETF holds 50 global stocks, mostly in materials and energy. The portfolio is quite concentrated in a few countries, industries and holdings. This fund may profit by inflation.
- 04/21/2023
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New Strong Sell Stocks for April 21st
- AMTB, PBR and FINW have been added to the Zacks Rank #5 (Strong Sell) List on April 21, 2023.
- 04/21/2023
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Petrobras: My Best Worst Idea
- Petrobras is an investment, but I believe it can be a good hold for the long term. Fear over the government's influence is overblown.
- 04/19/2023
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Petrobras (PBR) Sells Entire Stake in Norte Capixaba Cluster
- Petrobras (PBR) receives $426.65 million from Seacrest Petroleo SPE Norte Capixaba Ltda on concluding the sale of four onshore production fields in the State of Espirito Santo.
- 04/19/2023
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Petrobras: Risks Appear To Be Priced In
- Mouthwatering dividends, high margins, and a supportive oil price environment make for what looks like a compelling opportunity. Risks remain, however, not only when it comes to the oil price but the dynamics with the Brazilian state.
- 04/12/2023
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49 Ideal April Value Buys From Ben Graham
- “Value ranking looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria. Benjamin Graham followed.“ - YCharts Value Screener. 68 April Value Rank and Graham Formula results reflect established value-stock detection criteria. Of those, 49 met the dogcatcher ideal of dividends from $1K invested exceeding single share stock prices.
- 04/10/2023
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Forget 5% CDs. Buy These 3 Stocks Instead
- With a yield of 5%, Certificate of Deposits (CODs) are some of the safest investments to consider. However, many times, you can do far better than 5% with higher-yielding income stocks, such as: CALM Cal-Maine Foods $56.77 PBR Petrobras $10.90 SQM Sociedad Química $74.26 Income Stocks: Cal-Maine Foods (CALM) Cal-Maine Foods (NASDAQ: CALM ) is well off its highs of above $60 after it posted third-quarter results.
- 04/10/2023
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Petrobras (PBR) Denies Proposed Fuel Pricing Policy Change
- Petrobras (PBR) denies government's proposal to change its fuel pricing policy but remains committed to competitive fuel prices.
- 04/10/2023
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Petrobras: Rich Potential Dividends Thanks To OPEC - Aggressive Buy Signal
- Income investors also looking for quick short-term gains may consider adding PBR here, for its projected dividend payout of up to $4.24 in 2023, with a potential yield of 39%. Thanks to the OPEC+ cuts and the banking crisis, we may see the Brent oil prices well supported at the mid $80s, if not $90s as projected by Goldman Sachs.
- 04/06/2023
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Petrobras (PBR) Commences the Chartering of 2 FPSO Vessels
- Petrobras (PBR) kicks off the process to charter two FPSOs for the Sergipe Deepwater Project, claiming that this will boost the amount of national gas available.
- 04/06/2023
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The 7 Best Oil and Gas Stocks to Buy in April 2023
- With crude oil prices zooming back above $80 per barrel, you may be wondering about the best oil and gas stocks to buy. A further rise in spot petroleum prices could spark a bigger rally in energy stocks, which have perked up after trending lower in early 2023.
- 04/05/2023
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Petrobras (PBR) Faces Pressure to Reconsider Asset Sales
- The government is pushing Petrobras (PBR) to reconsider its asset sales plan in order to maintain a balance between immediate financial needs and long-term strategic objectives.
- 04/03/2023
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4 Dividend Stocks to Sell Now
- Not all dividends are safe, and these high yields are in real trouble.
- 04/01/2023
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Petrobras (PBR) to Boost Oil Production Amid Climate Concerns
- Petrobras (PBR) plans to raise production to 2.7mb/d by 2025, despite climate concerns. It expects an increase in future oil demand.
- 03/29/2023
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Petrobras: Grab A 10% Payment In A Few Months And Hold
- Petrobras is paying out dividends for its most recent quarter per its schedule resulting in a 10% yield in several months. The company's lower lifting costs from pre-salt formations have lowered its breakeven levels, while expanding refining operations add value.
- 03/26/2023
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Will Petrobras (PBR) Suspend its Planned Asset Divestment?
- Per reports, with backing of oil unions, the president of Brazil orders Petrobras (PBR) to halt the sale of assets, citing unfavorable conditions.
- 03/23/2023
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Discoveries by Equinor and Eni Lead Oil & Gas Stock Roundup
- Apart from Equinor (EQNR) and Eni (E), ConocoPhillips (COP), Pembina Pipeline (PBA) and Petrobras (PBR) hogged attention during the week.
- 03/22/2023
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Petrobras' (PBR) Amazon Drilling Delayed by Environment Agency
- Environmental concerns halt Petrobras' (PBR) Amazon drilling test as regulator demands more information on emergency oil spill response plan.
- 03/22/2023
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Petrobras (PBR) Shares Dip After CARF Appeal Dismissed
- Petrobras' (PBR) appeal has been rejected in a case involving unpaid taxes, which might cost the company R$18 billion.
- 03/20/2023
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Petrobras: Dividend Investors Beware (Rating Downgrade)
- I double down on my bearish view on Petróleo Brasileiro S.A. as a couple of unfavorable developments have occurred. Falling oil prices are a powerful blow to Petrobras' only trump card.
- 03/16/2023
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48 Ideal Ben Graham Gift Dogs: March Value Buys
- “Value ranking looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria. Benjamin Graham followed. “ - YCharts Value Screener. 68 March Value Rank and Graham Formula results reflect established value-stock detection criteria. Of those, 48 met the dogcatcher ideal of dividends from $1K invested exceeding single-share-stock-prices.
- 03/14/2023
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Petrobras (PBR) to Invest $6B in Sustainable Exploration
- Brazil-based Petrobras (PBR) is well poised to navigate the challenges of the energy industry in Latin America and beyond, with a focus on sustainability and economic growth.
- 03/13/2023
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2 Offshore Drilling Stocks Set to Extract Big Profits
- The offshore drilling industry was destroyed by the COVID crisis, with many companies like Valaris (NYSE: VAL) going bankrupt due to low oil prices. But the industry is rebounding, and drilling companies are receiving top dollar to rent their rigs.
- 03/10/2023
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Petrobras (PBR), Equinor Partner for Offshore Wind in Brazil
- Petrobras (PBR) and Equinor (EQNR) collaborate to assess the viability of seven offshore wind power generation projects along the Brazilian coast.
- 03/10/2023
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Wealth Distribution Changes at Petrobras
- Rock-bottom interest rates, government stimulus globally, hopes of reopening, and record new orders with clogged backlogs - all these factors contributed to the rapid rise in oil and other energy commodities during the 2020-2022 period. These advances benefited some industries more than others, namely the oil and gas industry.
- 03/06/2023
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Shell, Chevron and Petrobras weigh Guyana oil auction bids -sources
- Guyana's coming auction of offshore oil exploration blocks has lured at least 10 companies including Shell, Petrobras and Chevron, to consider the decade's hottest oil region, people close to the matter said.
- 03/06/2023
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Petrobras (PBR) Suspends Asset Sales Amid Policy Review
- Petrobras (PBR) receives Official Letter from the Ministry of Mines and Energy (MME) requesting suspension of the sales of assets for 90 days.
- 03/03/2023
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Petróleo Brasileiro S.A. - Petrobras (PBR) Q4 2022 Earnings Call Transcript
- Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR ) Q4 2022 Earnings Conference Call March 2, 2023 10:00 AM ET Company Participants Carla Albano - Investor Relations Jean Paul Prates - Chief Executive Officer Rodrigo Araujo - Chief Financial & Investor Relations Officer Joao Henrique Rittershaussen - Chief Production Development Officer Conference Call Participants Carla Albano Good afternoon, everyone.
- 03/02/2023
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Better Ultra-High-Yield Dividend Stock: Petrobras or Zim Integrated Shipping Services
- These two popular dividend stocks are on diverging paths.
- 02/23/2023
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Petrobras: The Market Doesn't Seem To Trust Lula
- Since our last update in December, when the market was steeped in pessimism, PBR has outperformed the S&P 500, stunning the bearish investors. Despite the recovery, PBR's valuation remains highly pessimistic at an NTM EBITDA multiple of just 2x.
- 02/22/2023
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Petrobras Stock: Proceed With Caution
- Petrobras stock has been facing pressures due to investors' concerns with the political changes in Brazil. Brazil's oil company is offering a great dividend right now.
- 02/22/2023
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Readers Revealed 26 Ideal January Dividend Dogs
- Prior to January 31, 2023 readers mentioned 33 equities in recent comments on Arnold articles. Some bad-news investments (rogues) mixed with (mostly) favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: ABR, EFC, ORAN, SQM, FSK, VFC, GNK, BTI, PBR, & ZIM, averaged 37.85% net gains from data collected 2/14/23.
- 02/16/2023
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5 Attractive Dividend Stocks From An Emerging Markets Country
- When looking for ways to diversify your investment portfolio outside of the United States, there are plenty of other possibilities. One option is considering companies from emerging markets: in today's article, I will take a deep dive into the Brazilian stock market.
- 02/14/2023
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Investment Opportunities In Latin America
- The MSCI Latin America Index has performed better than the MSCI Emerging Market Index cumulatively over the past 5 and 7 years as well as over longer time periods, buoyed by its natural resource companies. The region is well placed to take advantage of the opportunities created by the renewable energy revolution with 54% of global lithium reserves concentrated there.
- 02/09/2023
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Petrobras (PBR) to Cut Diesel Prices by 9% Under New CEO
- Petroleo Brasileiro (PBR) mentions a cut in diesel prices, and no change in gasoline prices, for the first time under its new CEO Jean-Paul Prates, to balance prices in local and international markets.
- 02/09/2023
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Petrobras (PBR) Selects TechnipFMC for Subsea Work Off Brazil
- Petrobras (PBR) awards a contract to TechnipFMC, the state-owned energy company of Brazil, for subsea services valued at up to $500 million.
- 01/30/2023
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2 Mega Trends That May Lead To Profits In 2023
- The turnaround in oil and other commodities in 2022 is well documented. The turnaround in EM markets is much less so. Combine the two and you could have some potentially tremendous profit ideas.
- 01/29/2023
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Petrobras (PBR) Hikes Gasoline Prices, Leaves Diesel Intact
- Petrobras (PBR) announces a 7.5% average increase in gasoline prices starting Wednesday, with the new price being 3.31 reais ($0.6391)
- 01/27/2023
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2 Ultra-High-Yield Energy Stocks to Buy Hand Over Fist and 1 to Avoid
- The energy sector is a great place to look for dividends, but not all dividends are created equal.
- 01/24/2023
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The 7 Highest-Paying Dividend Stocks for Income Lovers
- Income lovers are no doubt on the hunt for the highest-paying dividend stocks. Of course, investors must be aware of the risk that comes with the highest-paying dividend stocks.
- 01/23/2023
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Petrobras (PBR) Exceeds Its Annual Production Goal for 2022
- Petrobras (PBR) informed that its overall oil and gas production as well as commercial production for 2022 are slightly above the company's full-year target.
- 01/20/2023
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Petrobras: Invest In This Stock On Brazil Volatility
- Petrobras continues to trade at a substantial discount as a result of the risks faced by the Brazilian government. The company continues to focus on dividends versus share buybacks, enabling direct returns to both shareholders and the government.
- 01/16/2023
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Petrobras - Management Reshuffle Brings A Lot Of Questions
- Former critic of Petrobras, Jean Paul Prates, elected as CEO. Petrobras' strategic plan turned upside down.
- 01/12/2023
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Petrobras: There And Back Again
- Using the phrase from the famous Tolkien novel, we seem to have ventured "There and Back Again" in the journey of the Brazilian majority state-owned oil and gas giant. After showering Petrobras shareholders with dividends rare even in the oil and gas sector, the valuation seems to have been reset to 2021 levels amid new and challenging developments.
- 01/09/2023
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48 January Value Dog Buys
- “Value ranking looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria Benjamin Graham followed." - YCharts Value Screener. 57 Value Rank and Graham Formula results reflect established value stock detection criteria. Of those, 48 met the dogcatcher ideal of dividends from $1K invested exceeding their single-share stock prices.
- 01/08/2023
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Here is What to Know Beyond Why Petroleo Brasileiro S.A. Petrobras (PBR) is a Trending Stock
- Zacks.com users have recently been watching Petrobras (PBR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 01/05/2023
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Why Is Petrobras (PBR) Stock Falling 9% Today?
- Aligning with the soft performance of the U.S. equities sector for the first day of trading in 2023, Brazil's state-run petroleum firm Petrobras (NYSE: PBR ) tumbled badly, losing 9% in the morning before declining 10% in the early afternoon. Newly appointed leadership for the company emphasized a sharp focus on renewable energy.
- 01/03/2023
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Here's What to Expect From Petrobras' (PBR) Incoming CEO
- The new CEO of Petrobras (PBR) stresses the need to invest in the energy transition.
- 01/03/2023
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Brazil's Petrobras will play leading role to expand refineries, says new energy minister
- Brazil's new mines and energy minister Alexandre Silveira said on Monday that state-run oil company Petrobras would play a leading role in expanding the country's oil refining sector.
- 01/02/2023
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Next Petrobras CEO says he will change company's fuel price policy
- The incoming chief executive of Brazil's state-run oil company Petrobras said on Friday he planned to tweak the country's fuel price policy, but said investors need not worry.
- 12/30/2022
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Petroleo Brasileiro S.A. Petrobras (PBR) is Attracting Investor Attention: Here is What You Should Know
- Zacks.com users have recently been watching Petrobras (PBR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 12/23/2022
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The S&P in 2023: Down 34% or Up 25%?
- Analysts predictions were especially bad in 2022
- 12/22/2022
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7 Stocks to Buy to Make the Most of Today's Market Fear
- What seemed an auspicious start to market proceedings last week ended in a mess of red ink, though this dynamic also serves to support certain stocks to buy to make the most out of recent volatility. Earlier on Dec. 13, CNN reported that inflation cooled more than expected.
- 12/19/2022
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Petrobras: Valuation Has Fallen To Ridiculously Low Levels
- PBR stock has collapsed nearly 50% from its October highs (in price-performance terms) as investors fled. President-Elect Lula looks to stamp his new authority on Petrobras. A bill approved by the lower house last week likely triggered more selling as investors parse the potential impact on Petrobras' business strategies.
- 12/19/2022
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Petrobras: Got Absolutely Crushed
- In the wake of the Lula election in Brazil, Petrobras has fallen 40% in less than two months. Higher CapEx spending and potential government interference have led investors to fire sale their shares at less than 2x earnings.
- 12/17/2022
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Oil & Gas Stock Roundup Headlined by Exxon & Chevron's 2023 Outlooks
- Apart from ExxonMobil (XOM) and Chevron ((VX), Cenovus Energy (CVE), Transocean (RIG) and Petrobras (PBR) hogged attention during the week.
- 12/15/2022
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Petroleo Brasileiro S.A. Petrobras (PBR) Is a Trending Stock: Facts to Know Before Betting on It
- Petrobras (PBR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 12/12/2022
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Petrobras: Lula Is No Fool
- Petrobras lost significant value after the election of the left-leaning Brazilian President Lula. There's a case to be made that the depreciation of the company's shares is nothing more than an overreaction, as Petrobras would not go out of business no matter what.
- 12/08/2022
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Petrobras (PBR) Raises Five-Year Spending Plan to $78 Billion
- Petrobras (PBR) expands its planned investments between 2023 and 2027 by $10 billion compared with the 2022-2026 plan.
- 12/08/2022
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3 Top-Ranked Companies With Supercharged Dividend Growth
- On top of strong dividend growth, all three stocks have displayed remarkable relative strength in 2022, outperforming the general market handily.
- 12/05/2022
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7 Christmas Stocks to Buy for Happy Holidays
- It makes sense if you haven't been thinking much about Christmas stocks. You really can't be blamed for not being in the Christmas spirit this year.
- 12/05/2022
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Petroleo Brasileiro S.A. Petrobras (PBR) is Attracting Investor Attention: Here is What You Should Know
- Petrobras (PBR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 11/29/2022
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Petrobras (PBR) Withdraws From Regap Refinery Sale Process
- Petrobras (PBR) cancels the bidding process for the sale of the Regap refinery, which was initiated in December 2019.
- 11/29/2022
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Petrobras Doesn't Deserve A Rating Downgrade
- Petrobras has recently had a substantial ratings downgrade; however, the company still has a unique potential to outperform. The company continues to generate a massive amount of FCF, paying a hefty dividend that we expect can continue to increase.
- 11/29/2022
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Petrobras: Excellent Buy After The Lula Discount
- Petrobras' stock prices have been massively discounted by President-elect Lula's win, down -37.86% from its 52-week high of $16.32. However, Mr. Market has also quietly upgraded PBR's top and bottom line by 3.73% and 9.21% through FY2024, indicating more than decent yields ahead.
- 11/25/2022
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Petrobras (PBR) Slides Despite Q3 Earnings Beat: Here's Why
- At the end of the third quarter, Petrobras (PBR) had a net debt of $47,483 million, down from $48,132 million a year ago but up from $34,435 million as of Jun 30, 2022.
- 11/25/2022
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China's CNOOC pays Petrobras $1.9 bln for production sharing deal at Brazil's Buzios field
- Brazil's state oil firm Petrobras said on Thursday it received 10.3 billion reais ($1.9 billion) from Chinese oil and gas major CNOOC , a payment for a 5% stake in a production sharing agreement at the Buzios oil field.
- 11/24/2022
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Petrobras: Cheaper Valued Than During Their Biggest Scandal
- The valuation is now lower than ever. Is it justified that the valuation is lower than in the middle of the scandal? Lula's most significant change will probably be to make Petrobras invest more in renewable energies.
- 11/24/2022
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Down 27% in 4 Weeks, Here's Why You Should You Buy the Dip in Petrobras (PBR)
- Petrobras (PBR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
- 11/23/2022
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Petrobras: Waiting Patiently Turned Out To Be The Right Move
- PBR has fallen more than 40% from its October highs to its recent lows as investors woke up to the possibility of further dividend cuts. We cautioned investors not to jump on board in our previous article. The market has likely reflected recessionary risks and political risks associated with Brazil's President-elect.
- 11/23/2022
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UBS Downgrades Petrobras to Sell Amid Incoming Headwinds
- Petroleo Brasileiro SA ( PBR , Financial), or Petrobras, has been downgraded from buy to sell by UBS Group AG ( UBS , Financial). The Swiss banking giant believes Petrobras' fortunes could be coming to an end amid rising geopolitical risks intertwined with various company-specific risk factors.
- 11/22/2022
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7 Stocks to Bet On if You Need Fast Cash
- For those seeking fast money stocks, most of 2022 has been a veritable nightmare. With an influx of severe headwinds – particularly soaring inflation and geopolitical flashpoints – the equities sector represented a value trap.
- 11/22/2022
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Why Is Petrobras (PBR) Stock Down Today?
- Shares of Petrobras (NYSE: PBR ) are getting hammered on Tuesday, down 13% so far on the day. At the low, PBR stock was down more than 16% in the session.
- 11/22/2022
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Petrobras stock sinks below $10 on NYSE-leading volume after UBS swings to a sell rating
- The U.S.-listed shares of Petroleo Brasileiro S/A PBR, -3.34% PETR3, -2.38% sank 3.3% in very active afternoon trading Tuesday, putting them in track for the first sub-$10 close in exactly a year, after UBS swung to bearish on the Brazil-based oil and gas giant, citing concerns over "three transformational points": fuel prices, investments and overhead. Trading volume swelled to 49.1 million shares, making the stock the most actively traded on the New York Stock Exchange (NYSE).
- 11/22/2022
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Brazil transition team asks Bolsonaro govt to halt Petrobras asset sales
- The transition team for Brazil's President-elect Luiz Inacio Lula da Silva asked the current administration to halt ongoing asset sales by state-run oil giant Petrobras until a new Mines and Energy Minister is appointed, a member of the group said on Tuesday.
- 11/22/2022
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Why Petrobras Stock Dropped This Morning
- How cheap must Petrobras get to make this stock a buy?
- 11/22/2022
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Petroleo Brasileiro S.A. Petrobras (PBR) is Attracting Investor Attention: Here is What You Should Know
- Zacks.com users have recently been watching Petrobras (PBR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 11/18/2022
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Petrobras: Let's Talk Political Risk
- Petrobras has been showering its shareholders with dividends. Many investors fear that the Lula win will turn the company upside down.
- 11/09/2022
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Petroleo Brasileiro S.A. Petrobras (PBR) Is a Trending Stock: Facts to Know Before Betting on It
- Petrobras (PBR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 11/07/2022
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Petrobras: Illusion Of Cheapness
- Politics drives valuation. Current profits seem unsustainable.
- 11/07/2022
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Petróleo Brasileiro S.A. - Petrobras (PBR) Q3 2022 Earnings Call Transcript
- Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR ) Q3 2022 Earnings Conference Call November 4, 2022 11:00 AM ET Company Participants Carla Albano - Investor Relations Rodrigo Araujo - Chief Financial & Investor Relations Officer Claudio Mastella - Chief Trading & Logistics Officer Fernando Borges - Chief Exploration & Production Officer Joao Henrique Rittershaussen - Chief Production Development Officer Rafael Chaves - Chief Institutional Relations & Sustainability Officer Rodrigo Costa - Chief Refining & Natural Gas Officer Salvador Dahan - Chief Governance & Compliance Officer Conference Call Participants Carla Albano Hi, good afternoon, everyone.
- 11/04/2022
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Why Are Brazil Stocks PBR, VALE, EWZ in the Spotlight Today?
- Ready for some international news? Today, Brazil stocks are trading on heavier-than-usual volume in the U.S. as investors consider the aftermath of a super-tight election.
- 10/31/2022
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Petrobras (PBR) Stock Falls 8% on Lula Victory in Brazil
- Shares of Petrobras (NYSE: PBR ), the Brazilian state oil company, fell after President Jair Bolsonaro lost his reelection battle to predecessor Luiz Inácio Lula da Silva, who is known as Lula. PBR stock dropped as much as 8% overnight on the news.
- 10/31/2022
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Europe-listed Brazil stocks, Petrobras slip after Lula election win
- German-listed shares in Brazil's state-run oil company Petrobras slipped more than 7% in early European trade after leftist leader Luiz Inacio Lula da President Jair Bolsonaro in a runoff election.
- 10/31/2022
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Why Petrobras Plummeted 11.6% Today
- A violent incident involving one of President Jair Bolsonaro's supporters makes it look less likely the right-wing president will win the runoff election.
- 10/24/2022
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7 Stocks to Buy Before the Window of Opportunity Slams Shut
- Investors should be looking for the top stocks to buy in the current bear market. The chances of finding a good deal increase during hard economic times when there's blood on the streets.
- 10/20/2022
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Petrobras And Suncor Energy: Think Like Ray Dalio
- My investment philosophy is heavily influenced by Ray Dalio. The grand investing scheme should start with risk isolation, asset class allocation, geographical diversification, and consideration of macroscopic cycles.
- 10/13/2022
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7 Oil Stocks to Buy as Crude Prices Continue to Rocket
- With Organization of the Petroleum Exporting Countries (OPEC) cutting crude oil production by two million barrels per day, the fundamental framework for oil stocks to buy just turned positive. Naturally, the cut drew criticism from the U.S. as higher hydrocarbon prices helps Russia's military aggression in Ukraine.
- 10/13/2022
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Petrobras: Offering An Outrageously High 30%+ Yield
- Petrobras owns world-class upstream assets that are very profitable in the current environment. There are good reasons to believe that oil prices could remain high for the foreseeable future.
- 10/12/2022
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Investors Heavily Search Petroleo Brasileiro S.A. Petrobras (PBR): Here is What You Need to Know
- Petrobras (PBR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 10/12/2022
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3 Stocks With Juicy Dividend Yields Greater Than 20%
- It's common for companies to up their dividend payouts when business is fruitful, allowing investors to build up a cash pile quickly.
- 10/11/2022
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Emerging Market Energy Company Flashes Strong Buy Signal
- Many emerging markets have finally started to display relative strength versus U.S. equities.
- 10/11/2022
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2 Ultra-High-Yielding Oil Stocks to Buy With $1,000
- There aren't a lot of stocks that have produced the kind of dividend income that MPLX and Petrobras have over the past year.
- 10/09/2022
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New Strong Buy Stocks for October 7th
- PBR, HP, MNTK, LRMR and TCOM have been added to the Zacks Rank #1 (Strong Buy) List on October 7, 2022.
- 10/07/2022
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Best Value Stocks to Buy for October 7th
- PBR, MOV and CHMG made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 7, 2022.
- 10/07/2022
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Best Income Stocks to Buy for October 7th
- PBR, HP and MOV made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 7, 2022.
- 10/07/2022
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7 Under-$20 Stocks to Buy to Tap Into a Hidden Bull Market
- While going after discounted equities merely for the psychologically satisfying numerical profile often leads to unpleasant results, on occasion, certain inexpensive ideas such as under $20 stocks to buy can be a great deal over time. To be sure, prospective participants must exercise caution.
- 10/06/2022
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Options Activity Shows PetroBras Has More Upside Left - Petrobras Brasileiro (NYSE:PBR)
- On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Petroleo Brasileiro (NYSE: PBR) traded six times its average daily call volume on Monday.
- 10/04/2022
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Brazil Election Sends EWZ, SBS, VALE, PBR Stocks Soaring Today
- Today's broad-based rally has provided a key lift for many top stocks in investors' portfolios. That said, among the biggest gainers today is an intriguing group of stocks.
- 10/03/2022
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Why Petrobras and Other Brazilian Stocks Are Rocking Today
- How much does it matter who wins Brazil's presidential election?
- 10/03/2022
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Why Is Petrobras (PBR) Stock Up 12% Today?
- Source: A.PAES / Shutterstock.com Petrobras (NYSE: PBR ) stock is getting a boost on Monday thanks to a couple of positive bits of news for the Brazilian oil company. First up is talk that OPEC Plus will likely cut oil production.
- 10/03/2022
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Brazil's Election Goes to a Run-Off. Get Ready to Buy Petrobras Stock.
- Petrobras has underperformed due to concerns surrounding Brazil's election. Those fears should pass soon.
- 10/03/2022
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Brazil's Election Is Almost Here. Get Ready to Buy Petrobras Stock.
- Petrobras has underperformed due to concerns surrounding Brazil's election. Those fears should pass soon.
- 09/30/2022
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Petroleo Brasileiro S.A. Petrobras (PBR) is Attracting Investor Attention: Here is What You Should Know
- Zacks.com users have recently been watching Petrobras (PBR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 09/30/2022
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7 Growth Stocks to Buy Before the Bull Market Returns
- Overwhelmed with negative economic news, investors are unsure whether to buy or sell growth stocks. Is it time to take a contrarian approach and buy growth stocks before the bull market returns?
- 09/28/2022
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Petrobras: Political Talk Of Little Substance, But Shares A Long-Term Buy
- Petrobras is in a better position than ever before in terms of debt and valuation. The danger of political interference (not only in Brazil) is real.
- 09/27/2022
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Petrobras (PBR) Terminates Albacora Field Sale Negotiations
- The termination of the sale by Petrobras (PBR) is not likely to affect the divestment process of the Albacora East field.
- 09/21/2022
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Petroleo Brasileiro S.A. Petrobras (PBR) Is a Trending Stock: Facts to Know Before Betting on It
- Petrobras (PBR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 09/19/2022
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The 7 Best Value Stocks to Buy Now
- Perhaps the biggest (though possibly unwitting) cheerleader for the best value stocks to buy is Federal Reserve chair Jerome Powell. During his monetary policy speech at the annual economic symposium at Jackson Hole, Wyoming, Powell mentioned that inflation effectively represents the core concern of the central bank.
- 09/16/2022
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4 Stocks Trading with Low Price-to-Free-Cash-Flow Ratios
- To increase your chances of discovering value opportunities, one method is to screen the market for stocks with lower trailing 12-month price-to-free-cash-flow ratios than that of the S&P 500, which stands at around 12.3 as of the time of writing.
- 09/14/2022
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Petrobras: Dividend Oasis May End Up A Mirage
- The latest massive dividend provided by Petrobras far exceeds anything in their history. Whilst shareholders will quite likely fondly remember this for many years, it seems there is far more downside risk than upside potential going forward.
- 09/12/2022
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Despite Fast-paced Momentum, Petrobras (PBR) Is Still a Bargain Stock
- Petrobras (PBR) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 09/12/2022
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Petrobras: Buy This 'Value Trap'
- Is Petrobras a value trap? Value often hides in plain sight. Charlie Munger's work on human misjudgment highlights an opportunity to exploit investor bias.
- 09/12/2022
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Petrobras: Big Dividends Incoming
- Petrobras is well known for its high dividend yield. The yield is hard to quantify exactly because the payouts vary a lot over time and aren't pledged at the beginning of the year.
- 09/12/2022
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Exclusive-Norway's Yara close to acquiring Brazil's Petrobras fertilizer unit
- Yara International ASA is close to acquiring the fertilizer unit put on sale by state-controlled oil company Petroleo Brasileiro SA, known as Petrobras, two sources with knowledge of the matter said on Friday.
- 09/09/2022
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Investors Heavily Search Petroleo Brasileiro S.A. Petrobras (PBR): Here is What You Need to Know
- Recently, Zacks.com users have been paying close attention to Petrobras (PBR). This makes it worthwhile to examine what the stock has in store.
- 09/07/2022
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Petrobras (PBR) Flat As Market Sinks: What You Should Know
- In the latest trading session, Petrobras (PBR) closed at $14.44, marking no change from the previous day.
- 09/02/2022
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Petrobras moves closer to fertilizer plant sale
- Brazil's Petrobras said on Monday it had started the binding phase of selling its fertilizer project UFN-III, inviting potential buyers to bid on the plant.
- 08/29/2022
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7 Cheap Stocks to Buy for a Quick Buck
- Usually, investors ought to consider investments based on their fundamental resilience and implied upside value, not necessarily because they're cheap stocks to buy for a quick buck. However, it's also true that not every investor has the same goals and directives.
- 08/29/2022
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Petrobras to cut aviation gas prices by 15.7% in September
- Brazil's Petrobras said on Monday it will cut aviation gasoline prices for distributors by 15.7% starting Sept. 1.
- 08/29/2022
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7 A-Rated Growth Stocks to Buy Today for a Profitable Tomorrow
- A-rated growth stocks are a great way to help ensure a profitable tomorrow, and everyone wants a profitable tomorrow. That's one of the reasons why we invest – to build a nest egg to pay for our retirements, and to pass along wealth to our loved ones.
- 08/29/2022
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Here is What to Know Beyond Why Petroleo Brasileiro S.A. Petrobras (PBR) is a Trending Stock
- Zacks.com users have recently been watching Petrobras (PBR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 08/26/2022
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Petrobras (PBR) is a Great Momentum Stock: Should You Buy?
- Does Petrobras (PBR) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 08/25/2022
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Looking for a Fast-paced Momentum Stock at a Bargain? Consider Petrobras (PBR)
- Petrobras (PBR) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 08/24/2022
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Energy bonanza drives shareholder payouts to new record
- Energy companies reaping record profits from soaring oil and gas prices have helped global dividend payments to shareholders soar above pre-pandemic levels and to a record quarterly high, data showed on Wednesday.
- 08/23/2022
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Petrobras (PBR) Crossed Above the 20-Day Moving Average: What That Means for Investors
- When a stock breaks out above the 20-day simple moving average, good things could be on the horizon. How should investors react?
- 08/18/2022
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Petrobras (PBR) Stock Up Since Posting Q2 Earnings Beat
- At the end of the second quarter, Petrobras (PBR) had a net debt of $34,435 million, decreasing from $53,262 million a year ago and $40,072 million as of Mar 31, 2022.
- 08/17/2022
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Petrobras: Not For The Faint Of Heart
- Petrobras stock is famed for its sky-high dividend yield. If we assume that the recent payment is maintained, then the stock will yield 20%.
- 08/16/2022
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Is Trending Stock Petroleo Brasileiro S.A. Petrobras (PBR) a Buy Now?
- Petrobras (PBR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 08/15/2022
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New Strong Buy Stocks for August 15th
- YPF, DDS, PBR, BSMX, and HRB have been added to the Zacks Rank #1 (Strong Buy) List on August 15, 2022.
- 08/15/2022
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Petrobras Unveils New Footing With Record Dividend
- Record dividend payout, bringing yield to 21.3%. Sweeping strategic plan to streamline and expand the best assets while divesting from domestic energy production and for-domestic oil refining in favor of natural gas capacity.
- 08/12/2022
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Brazil's Petrobras puts potassium mining rights up for sale
- Brazil's Petrobras said on Thursday it has begun the "teaser" seeking bidders for a planned auction of its potassium mining rights in the Amazon basin.
- 08/11/2022
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The 7 Best Emerging Markets Stocks to Buy Now
- For several reasons, now is a very good time to buy the best-emerging markets stocks. First of all, the current strength of the dollar increases the profits of foreign companies that sell their products, directly or indirectly, to American consumers and/or companies.
- 08/11/2022
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3 Cheap Energy Stocks That Are Too Good to Ignore
- Following Covid-19, investors were looking forward to a return to normal. Unfortunately, the Russian invasion of Ukraine transitioned once-cheap energy stocks into blisteringly hot opportunities.
- 08/10/2022
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Brazil's Lula advised to buy back Petrobras refineries - source
- An oil and gas industry study commissioned by the campaign of former President Luiz Inacio Lula da Silva for the October elections will recommend bolstering Petrobras' refining capacity, including the reversal of refinery privatizations, one of the study's authors told Reuters.
- 08/05/2022
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Petrobras leapfrogs oil majors in dividend payouts by more than 50%
- Brazil's state-controlled oil company Petrobras will distribute at least twice as much as the biggest international oil producers in second quarter dividends, boosting the government's coffers amid a tense presidential campaign.
- 08/02/2022
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Petrobras Rises After Revenue Beat
- Petroleo Brasileiro SA ( PBR , Financial), known more commonly as Petrobras, is continuing its magnificent run after reporting excellent second-quarter results. Many seem divided on the future of oil prices and, in turn, oil stocks.
- 07/31/2022
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Petrobras Shareholders Are Swimming In Money
- Petrobras' record breaking quarter with almost $50 billion in annualized FCF shows its strength in a high price environment. The company has guided for $17 billion in dividends, or a roughly 20% yield for shareholders.
- 07/31/2022
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Petróleo Brasileiro S.A. - Petrobras (PBR) Management on Q2 2022 Results - Earnings Call Transcript
- Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR ) Q2 2022 Earnings Conference Call July 29, 2022 11:00 AM ET Company Participants Carla Albano - Investor Relations Rodrigo Araujo - Chief Financial Officer Rafael Chaves - Chief Institutional Relations and Sustainability Officer Salvador Dahan - Chief Governance and Compliance Officer Claudio Mastella - Chief Trading and Logistics Officer Fernando Borges - Chief Exploration and Production Officer Rodrigo Costa - Chief Refining and Natural Gas Officer Joao Henrique Rittershaussen - Chief Production Development Officer Operator Good afternoon, everyone.
- 07/30/2022
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Petrobras (PBR) Just Reclaimed the 200-Day Moving Average
- Should investors be excited or worried when a stock crosses above the 200-day simple moving average?
- 07/27/2022
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Best Income Stocks to Buy for July 27th
- SBLK, PBR, and IVR made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 27, 2022.
- 07/27/2022
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Petrobras (PBR) Output Down, Refinery Utilization Up at 97%
- Petrobras' (PBR) crude production in the second quarter falls due to divestments and stoppages, whereas refinery utilization improves.
- 07/26/2022
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Petrobras (PBR) Just Reclaimed the 20-Day Moving Average
- When a stock breaks out above the 20-day simple moving average, good things could be on the horizon. How should investors react?
- 07/25/2022
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How Will Petrobras (PBR) Fare in its Upcoming Q2 Earnings?
- Petrobras' (PBR) second-quarter earnings are expected to have benefited from the surge in oil prices.
- 07/25/2022
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Best Value Stocks to Buy for July 21st
- PBR, TTE and ARCB made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 21, 2022.
- 07/21/2022
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Best Income Stocks to Buy for July 21st
- PBR, TTE, and RM made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 21, 2022.
- 07/21/2022
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New Strong Buy Stocks for July 21st
- TTE, MRTN, CRC, PBR, and ARCB have been added to the Zacks Rank #1 (Strong Buy) List on July 21, 2022.
- 07/21/2022
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Does Petrobras (PBR) Have the Potential to Rally 45% as Wall Street Analysts Expect?
- The consensus price target hints at a 44.8% upside potential for Petrobras (PBR). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
- 07/20/2022
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Best Value Stocks to Buy for July 19th
- PBR, MATX, and CMRE made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 19, 2022.
- 07/19/2022
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New Strong Buy Stocks for July 19th
- E, MATX, CMRE, PBR, and ARCB have been added to the Zacks Rank #1 (Strong Buy) List on July 19, 2022.
- 07/19/2022
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Petrobras (PBR) Committee Discards Government Board Nominees
- Two of the seven nominees for Petrobras' (PBR) overhauled board have been rejected by the committee.
- 07/18/2022
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A Trio of Stocks With High Forward Rates of Return
- Donald Yacktman, a well-known value investor, took the forward rate of return into account when he evaluated the attractiveness of a stock. This valuation ratio is calculated as normalized free cash flow yield plus real growth plus inflation.
- 07/17/2022
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New Strong Buy Stocks for July 15th
- GIL, PBR, CVLG, FSTX and CVBF have been added to the Zacks Rank #1 (Strong Buy) List on July 15, 2022.
- 07/15/2022
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Best Income Stocks to Buy for July 15th
- IBCP, PBR, and MRK made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 15, 2022.
- 07/15/2022
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Should Investors Be Considering Dividend-Paying Stocks?
- Companies often increase dividends in down markets to keep investors interested in the shares.
- 06/29/2022
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Petrobras (PBR) Board Approves New CEO as Price Burden Rises
- The new CEO ??? Paes de Andrade?
- 06/29/2022
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Monday's Stock Winners Are All in 1 Place
- One part of the stock market outshined the rest.
- 06/27/2022
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Incoming Petrobras CEO tells committee he has no gov't guidance on pricing policy
- The incoming chief executive of Brazil's state-run oil company Petrobras told a corporate committee he has not received any guidance from the government on changing the firm's fuel pricing policy, a document showed on Saturday.
- 06/25/2022
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Petrobras (PBR) CEO Steps Down Amid Fuel Price Criticism
- The Chief Exploration and Production Officer at Petrobras (PBR), Fernando Borges, is likely to take over as the interim CEO.
- 06/22/2022
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Petrobras: Massive 40%+ Yield, Priced For Disaster
- Petrobras is highly profitable in the current environment. In Q1, it generated larger profits than Exxon Mobil and Chevron. Q2 should be even better, but Petrobras is priced for disaster.
- 06/22/2022
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Petrobras: Undervalued But Risky
- Due to the geopolitical tensions in Europe and sanctions on Russian oil imports, the demand for Brazilian oil is increasing. I estimate PBR's 2Q 2022 and 3Q 2022 foreign market sales to be higher than in 1Q 2022.
- 06/21/2022
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Petrobras: The Most Undervalued Energy Stock Today
- With the energy market likely staying tight for years, large oil companies may be one of the precarious stock market's few havens. Foreign energy companies like Brazil's Petrobras may have a strong currency advantage due to their solid exports and geopolitical neutrality.
- 06/21/2022
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Sarah Ketterer's 5 Favorite Energy Stocks
- Causeway Capital Management, the Los Angeles-based firm founded by Sarah Ketterer (Trades, Portfolio) and Harry Hartford in 2001, seeks to achieve superior risk-adjusted returns by investing in mispriced equities in both developed as well as emerging markets.
- 06/20/2022
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7 Dividend Stocks at Risk of Cutting Payouts
- Dividend stocks are a great place to hide from market turbulence. But these seven dividend stocks may not be able to support their high dividend yields.
- 06/17/2022
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Brazil's Petrobras to postpone price hike until after tax cut vote -sources
- Brazilian state-run oil company Petrobras will avoid raising fuel prices until after Congress finishes debating further tax cuts, two sources close to the matter told Reuters on Tuesday.
- 06/14/2022
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5 Top Oil and Gas Stocks To Watch This Week
- With rising oil prices, could these oil and gas stocks continue to build on their momentum?
- 06/07/2022
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Petrobras (PBR) Fully Acquires Italian Company's Power Plant
- Petrobras (PBR) takes full ownership of the Italian electricity company, Ibiritermo, by buying another 50% stake.
- 06/06/2022
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Brazil to include Petrobras in privatization report
- The board of Brazil's Investment Partnerships Program (PPI) said on Thursday they will include state-run oil company Petrobras in their privatization report.
- 06/02/2022
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Petrobras (PBR) Is Attractively Priced Despite Fast-paced Momentum
- Petrobras (PBR) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 06/01/2022
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Is the Options Market Predicting a Spike in Petroleo Brasileiro (PBR) Stock?
- Investors need to pay close attention to Petroleo Brasileiro (PBR) stock based on the movements in the options market lately.
- 05/31/2022
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Energy Continues To Outperform: Petrobras Has Upside Potential
- An impressive gain in PBR in 2022. Oil and gas prices are trending higher.
- 05/31/2022
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Is Petroleo Brasileiro (PBR) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/27/2022
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Petrobras (PBR) Recently Broke Out Above the 20-Day Moving Average
- Should investors be excited or worried when a stock crosses above the 20-day simple moving average?
- 05/26/2022
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Petrobras (PBR) CEO Ousted Again Over Rising Fuel Prices
- The political interference over rising fuel prices continues as the Brazilian President, Bolsonaro, fires Petrobras' (PBR) CEO.
- 05/26/2022
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Petrobras shares drop following CEO ouster, fuel price woes
- Shares of Brazil's state-run oil company Petrobras plunged on Tuesday after the government ousted its chief executive for the second time in two months and signaled plans to alter the company's market-based fuel pricing policy.
- 05/24/2022
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Bolsonaro fires Petrobras CEO who warned of diesel crisis
- Brazil's right-wing president Jair Bolsonaro fired the chief executive of oil producer Petrobras -- the second in two months -- after the company refused to sell fuels at a discount to consumers warning it would lead to diesel shortages.
- 05/24/2022
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Petrobras (PBR) Stock Up Since Posting Q1 Earnings Beat
- At the end of the first quarter, Petrobras (PBR) had a net debt of $40,072 million, decreasing from $58,424 million a year ago and $47,626 million as of Dec 31, 2021.
- 05/24/2022
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Exclusive-Bolsonaro fires Petrobras CEO who warned of diesel crisis
- (Reuters) -Brazil's right-wing president Jair Bolsonaro fired the chief executive of oil producer Petrobras - the second in two months - after the company refused to sell fuels at a discount to consumers warning it would lead to diesel shortages.
- 05/24/2022
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New CEO of Brazil's Petrobras to be Caio Mario Paes, ministry says
- Brazil economy ministry official Caio Mario Paes will be the next chief executive of Brazil's state-run oil company Petrobras, the country's mining and energy ministry said in a statement late on Monday.
- 05/23/2022
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Equinor, Petrobras to Develop Offshore Wind Farm in Brazil
- Equinor (EQNR) and Petrobras (PBR) are currently assessing the project's environmental feasibility.
- 05/23/2022
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7 Cheap Long-Term Stocks to Buy Now
- These cheap long-term stocks will reward patient investors who know investing is the art of picking up the best shares at the right time. The post 7 Cheap Long-Term Stocks to Buy Now appeared first on InvestorPlace.
- 05/22/2022
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Petrobras: Ignore The 40%+ Yield, It's Time To Leave
- The very strong oil and gas prices thus far into 2022 have seen Petrobras declare a massive dividend, which, if annualized, represents an insanely high 40%+ yield. Whilst this sounds amazing, it sadly also sees mounting geopolitical risks in their home country of Brazil.
- 05/20/2022
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Petrobras (PBR) Refinery Sale Approved by Brazil Regulator
- The approved deal is one of the eight refineries that Petrobras (PBR) has put up for sale as part of an agreement with the antitrust regulator in 2019.
- 05/20/2022
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Petrobras: Still The Best Oil Stock
- An increasingly negative macroeconomic environment created a situation where generating positive stock market returns became significantly more difficult. Brazilian majority state-owned oil and gas company Petrobras seems to have defied all odds proving as a strong hedge against the upcoming storm by generating 80% in total returns last year.
- 05/19/2022
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Petrobras (PBR) to Spend $16B for Campos Revitalization
- The Brazilian government entity Petrobras (PBR) is set to invest a whopping $16 billion in the revitalization of the Campos Basin offshore Brazil.
- 05/11/2022
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Exclusive-U.S. asked Brazil's Petrobras if it could raise oil output; it said no -sources
- U.S. government officials in March asked Brazil's state-run oil company Petrobras whether it could increase crude output after Russia's invasion of Ukraine sent global prices soaring, three people with knowledge of the matter told Reuters.
- 05/10/2022
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Petrobras: The Brazil Discount Makes This Company A Better Investment
- Petrobras has continued to have a "Brazil discount" despite an impressive portfolio of assets. The company's Campos Basin revitalization will cost $16 billion but help the company's production substantially.
- 05/09/2022
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Giant Pension Bought AMD, Tilray, Uber, and Petrobras Stock
- New Jersey's state pension materially increased investments in chip maker AMD, marijuana producer Tilray, ride-hailing firm Uber, and energy giant Petrobras.
- 05/08/2022
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Petróleo Brasileiro S.A. - Petrobras (PBR) CEO Jose-Mauro-Ferreira-Coelho on Q1 2022 Results - Earnings Call Transcript
- Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR ) Q1 2022 Earnings Conference Call May 6, 2022 11:00 AM ET Company Participants Carla Dodsworth - Investor Relation-Executive Manager Jose-Mauro-Ferreira-Coelho - Chief Executive Officer Rodrigo Araujo - Chief Financial and Investor Relations Officer Cláudio MastellA - Chief Trading and Logistics Officer Fernando Borges - Chief Exploration & Production Officer João Henrique Rittershaussen - Chief Production Development Officer Rafael Chaves - Chief Sustainability and Institutional Relations Officer Rodrigo CostA - Chief Refining and Natural Gas Officer Salvador Dahan - Chief Governance and Compliance Officer Conference Call Participants Carla Dodsworth Good morning, everyone.
- 05/06/2022
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Brazil's Petrobras posts $9 billion profit as Bolsonaro rails against company
- Brazil's Petrobras posted a first-quarter net income that beat forecasts on Thursday, just minutes after Brazilian President Jair Bolsonaro railed against the state-run oil company's profitability, saying its executives had no sympathy for ordinary people.
- 05/05/2022
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Best Income Stocks to Buy for April 26th
- PBR, RIO, and OFS made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 26, 2022.
- 04/26/2022
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Best Value Stocks to Buy for April 26th
- PBR, RIO, and LINC made it to the Zacks Rank #1 (Strong Buy) value stocks list on April 26, 2022.
- 04/26/2022
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Petrobras (PBR), Equinor Begin Output at Roncador Project
- Petrobras (PBR), along with its partner Equinor (EQNR), commences oil production at the Roncador field, offshore Brazil.
- 04/26/2022
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7 Global Stocks to Buy for Aggressive Investors
- While U.S.-based equities represent one of the safest places to park your money, these global stocks to buy could provide higher gains. The post 7 Global Stocks to Buy for Aggressive Investors appeared first on InvestorPlace.
- 04/22/2022
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7 Biggest Bargain Stocks to Buy Before They Rebound
- Large cap value is the way to go and these gems haven't been picked up yet. These are the seven most underappreciated stocks to buy.
- 04/21/2022
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Petrobras (PBR) Receives $1.12B From Shell for Atapu Stake
- The consortium comprising Petrobras (PBR), Shell and TotalEnergies buys the Atapu block.
- 04/20/2022
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Petrobras (PBR) Officially Confirms New CEO for One Year
- The Brazilian government-controlled oil major, Petrobras (PBR), formally hires Jose Mauro Coelho as its new CEO for a year.
- 04/19/2022
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Brazil's Petrobras starts binding phase for sale of MP Gulf of Mexico stake
- Brazil's Petrobras on Monday started the binding phase to sell its subsidiary 20% stake in Texas-based MP Gulf of Mexico LLC, which owns offshore fields in the region.
- 04/18/2022
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Brazilian Oil Name Popular Among Options Traders
- Petroleo Brasileiro ADR Reptg 2 (NYSE:PBR), better known as Petrobras, enjoyed quite a run recently amid surging oil prices.
- 04/18/2022
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Brazil's Petrobras elects Jose Mauro Coelho as CEO
- Brazilian state-run oil company Petrobras said on Thursday its board of directors has elected Jose Mauro Coelho as the firm's chief executive for a one-year term.
- 04/14/2022
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Petrobras shareholders elect CEO-in-waiting to board after weeks of turmoil
- RIO DE JANEIRO (Reuters) -Shareholders in Brazil's Petrobras have elected José Mauro Coelho to the firm's board, according to a source with direct knowledge of the matter, paving the way for the government technocrat to take the helm of the state-run oil company.
- 04/14/2022
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Technocrat Picked by Brazil for Petrobras' (PBR) CEO Role
- After the departure of Petrobras (PBR) CEO Joaquim Silva e Luna and subsequent appointees declining the role, the Brazilian government selects new personnel for the CEO and Chairman positions.
- 04/11/2022
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Brazil picks technocrat to lead Petrobras after succession plan mess
- After two messy, drama-filled weeks struggling to fill the top job at state-run oil company Petrobras Brazil's government turned this week to low-profile technocrat José Mauro Coelho, and investors welcomed the move.
- 04/07/2022
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Petrobras (PBR) Unearths New Pre-Salt Oil in Campos Basin
- Brazil's state-owned oil company, Petrobras (PBR), discovers a new oil accumulation in the pre-salt Campos Basin offshore Brazil.
- 04/07/2022
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5 Lucrative Value Picks Based on Discounted PEG
- Here are five stocks, DOW, FLEX, PBR, TECK and TTE that qualify our screening criteria.
- 04/06/2022
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Can Petrobras (PBR) Stock Continue to Grow Earnings?
- If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Petrobras (PBR).
- 04/05/2022
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Brazilian economic official most likely pick to lead Petrobras, says O Globo
- Brazilian Economy Ministry official Caio Mario Paes de Andrade has emerged as the most likely choice to lead state-run oil company Petrobras after energy consultant Adriano Pires declined the government's nomination, newspaper O Globo reported on Tuesday.
- 04/05/2022
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Brazil government's pick for next Petrobras CEO withdraws, sources say
- RIO DE JANEIRO (Reuters) -Energy consultant Adriano Pires has backed out of the Brazilian government's nomination for him to take the helm at Petrobras, two sources told Reuters on Monday, as the latest succession plan at the state-run oil company appears to have fallen apart.
- 04/04/2022
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Brazil's Petrobras CEO appointee may face conflict of interest probe
- The prosecutor's office at Brazil's federal audit court (TCU) has asked the court to open an investigation into President Jair Bolsonaro's appointment of Adriano Pires as chief executive of state-run oil company Petroleo Brasileiro, for a possible conflict of interest.
- 04/02/2022
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Petrobras (PBR) CEO Removed Amid Rising Fuel Prices in Brazil
- The Brazilian state removes Petrobras' (PBR) chief executive officer, Joaquim Silva e Luna, from his post following a political outrage over the hike in fuel prices in the country.
- 04/01/2022
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Best Value Stocks to Buy for March 31st
- AMR, CEIX, and PBR made it to the Zacks Rank #1 (Strong Buy) value stocks list on March 31, 2022.
- 03/31/2022
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Brazil's Petrobras loses $400 million court case to Paragon Offshore
- Brazil's Petrobras said on Thursday that a Rio de Janeiro state court has ruled against the state-run oil company in a case brought up by drilling contractor Paragon Offshore Nederland BV.
- 03/31/2022
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Swiss private bank Pictet raided in Petrobras-linked probe
- Prosecutors searched the offices of Swiss private bank Pictet in mid-March in connection with a criminal probe into dealings with Brasilian state-run oil firm Petrobras, the bank confirmed following media reports on Wednesday.
- 03/30/2022
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Petrobras: High Dividend Is Good, But Bolsonaro In The Picture Is Bad
- Petrobras: High Dividend Is Good, But Bolsonaro In The Picture Is Bad
- 03/30/2022
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Outgoing CEO Luna says Petrobras has no place for 'adventurers'
- Petrobras has a strong governance and there is no room for "adventurers" within the firm, said outgoing Chief Executive Joaquim Silva e Luna on Tuesday.
- 03/29/2022
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Pro-market consultant emerges as unlikely new Petrobras CEO
- Brazilian President Jair Bolsonaro has made little secret in recent weeks of his ire at state-run oil company Petrobras over rising fuel prices, teasing the possibility of swapping out its chief executive.
- 03/29/2022
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Petrobras (PBR) Invites New Bids for Its Onshore Fields
- Petrobras (PBR) accepts fresh bids for a cluster of mature onshore fields after the failure of previous negotiations.
- 03/29/2022
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97 March 10%+Yield Dividend Dogs But 2 Were Overpriced
- 97 March 10%+Yield Dividend Dogs But 2 Were Overpriced
- 03/27/2022
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Petrobras: Operating Conditions Are Possibly Too Good With Oil Prices Around $100
- After finally restarting meaningful dividends during 2021, Petrobras finds themselves well-placed heading into 2022 with a very strong outlook for oil prices.
- 03/15/2022
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Brazilian markets boom among top global markets, year to date
- Seema Mody reports Brazil's market moves.
- 03/14/2022
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Exclusive-Petrobras and EIG near deal for Bolivia-Brazil gas pipeline -sources
- State-run Brazilian oil company Petrobras is close to reaching an agreement to sell to U.S. private equity firm EIG Energy Partners control of a natural gas pipeline that connects Bolivia and southern Brazil, three people with knowledge of the matter told Reuters.
- 03/14/2022
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Petrobras CEO says he will not leave co despite criticism over fuel price hike
- Joaquim Silva e Luna, the chief executive of Brazilian state-run oil company Petrobras, said on Monday he will not leave the company at the moment, despite facing widespread political criticism over a fuel price hike announced last week.
- 03/14/2022
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Orange Basin Is The New Guyana: Buy Africa Oil Stock To Profit From The Basin Opening
- Orange Basin Is The New Guyana: Buy Africa Oil Stock To Profit From The Basin Opening
- 03/11/2022
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Petrobras (PBR) is a Great Momentum Stock: Should You Buy?
- Does Petrobras (PBR) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 03/10/2022
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Best Value Stocks to Buy for March 10th
- ONEW, TPH, and PBR made it to the Zacks Rank #1 (Strong Buy) value stocks list on March 10, 2022.
- 03/10/2022
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Petrobras (PBR) Stock Down Since Posting Q4 Earnings Miss
- At the end of 2021, Petrobras (PBR) Petrobras had net debt of $47,626 million, less than $63,168 million a year ago and $48,132 million as of Sep 30, 2021.
- 03/10/2022
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Exclusive-Petrobras chairman Ferreira says will step down
- Petroleo Brasileiro SA chairman Admiral Eduardo Bacellar Leal Ferreira told Reuters on Saturday he plans to step down from the position, with oil executive Rodolfo Landim seen as his possible successor, according to two sources familiar with the matter.
- 03/05/2022
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7 Latin America Stocks to Buy for Geopolitical Protection
- With so much chaos in eastern Europe, investors may want to consider geographical cover with these Latin America stocks. The post 7 Latin America Stocks to Buy for Geopolitical Protection appeared first on InvestorPlace.
- 03/02/2022
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Petrobras Surprises To The Upside With The Dividend
- Petrobras is one of the largest oil producers in the world.
- 02/27/2022
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Petroleo Brasileiro SA Petrobras (PBR) CEO Joaquim Silva e Luna on Q4 2021 Results - Earnings Call Transcript
- Petroleo Brasileiro SA Petrobras (PBR) CEO Joaquim Silva e Luna on Q4 2021 Results - Earnings Call Transcript
- 02/24/2022
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Brazil's Petrobras hits quarterly profit estimates
- Brazilian state-run oil company Petrobras hit fourth quarter profit estimates, according to a Wednesday evening securities filing, as rising Brent prices drove strong sales figures.
- 02/23/2022
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Petrobras (PBR) to Sell Its Stake in Gulf of Mexico Assets
- Brazilian energy biggie, Petrobras (PBR), intends to divest 20% of its stake in a joint venture, which has interests in 14 offshore fields.
- 02/22/2022
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Are Petrobras' (PBR) Q4 Earnings Poised to Exceed Estimates?
- While stronger oil prices are likely to have boosted Petrobras' (PBR) profit levels in the fourth quarter, a sequential decline in production might have played spoilsport.
- 02/18/2022
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Petrobras (PBR) Stock Sinks As Market Gains: What You Should Know
- Petrobras (PBR) closed the most recent trading day at $13.77, moving -1.5% from the previous trading session.
- 02/15/2022
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Brazil's Supreme Court annuls billion-dollar labor dispute against Petrobras
- Brazil's Supreme Court annulled on Monday a previous court decision that would have required state-run oil company Petrobras to pay billions of dollar in a labor dispute involving additional wages for employees.
- 02/14/2022
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Petrobras (PBR) Registers Record Pre-Salt Production in '21
- Brazil's Petrobras (PBR) declares record pre-salt production and gas usage.
- 02/14/2022
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Petrobras: I'm Buying This Covered 15% Dividend, With Caution
- Petrobras: I'm Buying This Covered 15% Dividend, With Caution
- 02/12/2022
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Petrobras (PBR) Sells Stake in Alagoas Fields for $300M
- Petrobras (PBR) sells its total interest in Alagoas Cluster to Origem Energia in a deal valued at $300 million.
- 02/09/2022
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Petrobras Will Likely Pay At Least $10/ADR In Dividends The Next 5 Years
- Petrobras has reduced its net financial debt to less than 1X the adjusted free cash flow and this paves the way for dividends. The company is basically guiding to pay $10/ADR in dividends between now and 2026.
- 02/06/2022
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Has Petrobras (PBR) Outpaced Other Oils-Energy Stocks This Year?
- Here is how Petrobras (PBR) and Galp Energia SGPS SA (GLPEY) have performed compared to their sector so far this year.
- 02/04/2022
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Petrobras (PBR) Signs Contract to Offload Potiguar Fields
- Petrobras (PBR) sells its total stake in Potiguar fields to 3R Potiguar in a deal valued at $1.38 billion.
- 02/04/2022
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Petrobras (PBR) Postpones Offering of Its Stake in Braskem
- Amid a market uncertainty, controlling owners of Braskem (BAK), Petrobras (PBR) and Novonor cancel the public offering of their shares in the company.
- 02/01/2022
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Are You Looking for a Top Momentum Pick? Why Petrobras (PBR) is a Great Choice
- Does Petrobras (PBR) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 01/31/2022
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7 Best Cheap Stocks to Buy for February
- These cheap stocks are trading at highly attractive prices and are poised for massive gains down the line The post 7 Best Cheap Stocks to Buy for February appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.
- 01/31/2022
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Top 5 Growth Stocks For A Volatile Market
- We are in a highly volatile environment and markets are uncertain. But it's not a time to avoid stocks that offer growth characteristics, especially growth stocks with great valuation framework.
- 01/27/2022
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Top 5 Value Stocks For 2022
- I am highlighting top value stocks that can weather some of the volatility caused by inflation and the possibility of rate increases by the Federal Reserve.
- 01/24/2022
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64 January 10%+ Yield Dividend Dogs, And Not One Is Overpriced
- 64 January 10%+ Yield Dividend Dogs, And Not One Is Overpriced
- 01/22/2022
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Petrobras (PBR) Gains As Market Dips: What You Should Know
- In the latest trading session, Petrobras (PBR) closed at $12.67, marking a +0.16% move from the previous day.
- 01/21/2022
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Petrobras (PBR) Gains As Market Dips: What You Should Know
- In the latest trading session, Petrobras (PBR) closed at $12.61, marking a +1.2% move from the previous day.
- 01/19/2022
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Petrobras (PBR) Cuts Production Forecasts for 2022 and Beyond
- Brazilian oil biggie, Petrobras (PBR), to bring down the output target as a result of the Atapu, Sepia auction.
- 01/19/2022
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Petrobras Is Well-Placed To Take Advantage Of Growth In Global Oil Demand
- The energy industry has struggled with profitability and the capital cycle for the past fifteen years, with stock valuations trailing the broader market.
- 01/13/2022
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Karoon Energy: Invest In This Undervalued Deepwater Oil Stock For Its Impressive Production Growth Outlook
- Karoon Energy: Invest In This Undervalued Deepwater Oil Stock For Its Impressive Production Growth Outlook
- 01/07/2022
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Petrobras (PBR) Gains As Market Dips: What You Should Know
- Petrobras (PBR) closed the most recent trading day at $10.83, moving +0.93% from the previous trading session.
- 01/06/2022
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Petrobras Is A Great Stock But For Later
- Petrobras is a great stock on paper combining many favorable investment positives. Unfortunately, its stock price will likely lag its NOC peers over the coming quarters due to political risks until the Brazilian election later this year.
- 01/04/2022
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Petrobras: Grab An Insanely High 30%+ Yield If OPEC+ Keeps Faltering
- After years of deleveraging that left little room for dividends, Petrobras appears to have finally turned a corner. Their free cash flow surged during 2021 thanks to the strong oil price environment and when looking ahead, this should continue with OPEC+ seemingly faltering on their planned production increases.
- 01/04/2022
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Petrobras: Inexpensive, Well-Positioned, Immense Cash Flow
- Petrobras: Inexpensive, Well-Positioned, Immense Cash Flow
- 01/04/2022
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Petrobras (PBR) Gains As Market Dips: What You Should Know
- Petrobras (PBR) closed at $10.99 in the latest trading session, marking a +0.83% move from the prior day.
- 12/30/2021
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Petrobras (PBR) to Sell Carmopolis Cluster to Carmo Energy
- From Carmo Energy, Petrobras (PBR) will receive a $275-million down payment, a sum of $550 million at the transaction's conclusion and another $275 million a year after the sale is closed.
- 12/29/2021
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Petrobras Guides Towards 20% Dividends
- Petrobras' sustainability has improved significantly over the past 10+ years, an important part of its future business model.
- 12/29/2021
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88 December 10%+ Yield Dividend Dogs, And None Are Overpriced
- Dividend dog 10%+ Yield December data are all sourced from YCharts. Unsustainable-dividends above 22% were discarded; others were deleted for infrequent-dividends. Not all have paid consistent annual-dividends. Analyst top-ten target net-gain estimates from these 88 bargain-basement dogs 12/21/21 ranged 52.15%-107.45% from PBR, ELP, PBR.A, SPNT, EGLE, QIWI, KNOP, SCU, GRIN, and top pick, CYD per YCharts data
- 12/24/2021
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Exclusive-Brazil's Petrobras higher price demands delay refineries sales- sources
- Brazil's state-controlled oil company Petrobras has raised prices at least once in the middle of the divestiture process of its largest refineries, frustrating some bidders and delaying the long awaited promise of breaking Petrobras' monopoly in refining, four sources with knowledge of the matter told Reuters.
- 12/14/2021
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V&M Breakouts: Top Growth And Dividend Stocks For December 2021
- Releasing two top December stocks from the MDA Growth and Dividend Breakout monthly portfolio and two top samples from prior portfolios. Long-term dividend portfolios have a 1 year average weighted gain of +14.5%. The best gain is still from the May 2020 portfolio +79.3%.
- 12/12/2021
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TechnipFMC (FTI) Secures 3 Pipe Frame Agreements From Petrobras
- The newly-obtained three frame agreements put TechnipFMC's (FTI) total contractual volumes with Petrobras for the current year to nearly 600 kilometers.
- 12/10/2021
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Brazil's Petrobras yet to decide date for Braskem share offering
- Brazilian state-run oil company Petrobras on Thursday said it has not yet reached a decision on when it will sell its stake in petrochemicals producer Braskem SA but reiterated that it still expects to do so.
- 12/09/2021
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3 Stocks Trading With Low Price-to-Free-Cash-Flow Ratios
- If you want to increase your likelihood to discover value opportunities, one method is to screen the market for stocks with trailing 12-month price-to-free-cash-flow ratios lower than that of the S&P 500 Index, which stands at around 14.48 as of the writing of this article.
- 12/08/2021
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Petrobras: The Best Oil Stock Remains Hidden In The South
- The Brazilian state-owned integrated oil and gas giant is a dividend powerhouse and a free cash flow machine that is a worthy addition to any income-oriented investor's portfolio. Petrobras seems to be trading at a discount, being undervalued both in terms of the industry and the broader market.
- 12/02/2021
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7 Stocks Well-Positioned to Thrive in a Wild 2022 and Perform Steadily
- Investors looking for stocks to buy likely seek calm in the current economic storm. These seven stocks are exactly that.
- 12/01/2021
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Oil & Gas Stock Roundup Headlined by TC Energy & Petrobras
- Apart from TC Energy (TRP) and Petrobras (PBR), there was news regarding ConocoPhillips (COP), Eni (E) and Royal Dutch Shell (RDS.A) during the week.
- 11/30/2021
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Petrobras (PBR) Revises Production Guidance for 2022-2026
- Petrobras (PBR) expects to produce an average of 2.7 million and 3.2 million barrels of oil equivalent per day in 2022 and 2026, respectively.
- 11/26/2021
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Is Petrobras A Good Dividend Stock?
- Petrobras - both the common and preferred shares - currently pays ~20%-yielding dividends. Indications are cash distribution may be kept in the near future. In this article, I analyze the origin of such high-yield dividends, and certain hidden risk factors that threaten the high-yield prospect in the medium term.
- 11/16/2021
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Petrobras (PBR) Stock Barely Moves Since Q3 Earnings Miss
- At the end of the third quarter, Petrobras (PBR) had a net debt of $48,132 million, decreasing from $66,218 million a year ago and $53,262 million as of Jun 30, 2021.
- 11/16/2021
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This High-Yielding Infrastructure Stock's Growth Engine Shifts Into High Gear
- A needle-moving deal gives the infrastructure company lots of fuel to keep growing.
- 11/04/2021
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PBR Stock: Why The Price Increased
- The stock price of Petroleo Brasileiro (NYSE: PBR) increased by 3.87% yesterday. This is why it happened.
- 11/02/2021
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Petróleo Brasileiro S.A. - Petrobras (PBR) Q3 2021 Results - Earnings Call Transcript
- Petróleo Brasileiro S.A. - Petrobras (PBR) Q3 2021 Results - Earnings Call Transcript
- 10/31/2021
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Petrobras Offers A 20% Dividend Yield This Year
- Petrobras is generating in excess of $60M in free cash flow per day. The debt targets have been met, so Petrobras is spending the cash on shareholder rewards.
- 10/30/2021
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5 Momentum Stocks to Buy as Energy Prices Soar
- Investors often seek momentum stocks to capitalize on a bullish trend. These five energy picks could very well fit the bill.
- 10/28/2021
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Petrobras (PBR) to Report Q3 Results: What to Look Out For
- Petrobras (PBR) beat the Zacks Consensus Estimate thrice in the last four quarters and missed in the other, delivering an earnings surprise of 321.62%, on average.
- 10/25/2021
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Top Ranked Value Stocks to Buy for October 20th
- PBR, ASO, and GIII made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 20, 2021.
- 10/20/2021
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Thursday Afternoon Analyst Upgrades and Downgrades: Deere, NetApp, Petrobras, TJX and More
- Markets rallied on Thursday after a solid first round of bank earnings came in much stronger than expected.
- 10/14/2021
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7 Foreign Stocks All U.S. Investors Should Be Watching
- U.S. investors looking to diversify their portfolio to maximize long-term returns may want to consider these top foreign stocks right now. The post 7 Foreign Stocks All U.S. Investors Should Be Watching appeared first on InvestorPlace.
- 10/13/2021
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Petrobras (PBR) Resumes Production at the Manati Gas Field
- Post the completion of repair works, Petrobras (PBR) recommences production at the Manati offshore gas field in Brazil in which it holds 35% interest.
- 10/13/2021
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Top Ranked Value Stocks to Buy for October 13th
- PBR, JFIN, and OLN made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 13, 2021.
- 10/13/2021
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New Strong Buy Stocks for October 12th
- WLK, MOV, OVV, PBR, and FERG have been added to the Zacks Rank #1 (Strong Buy) List on October 12, 2021.
- 10/12/2021
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Petrobras (PBR) to Divest Its Stake in the MP Gulf of Mexico
- Petrobras (PBR) to sell off its 20% interest in the Texas-based firm MP Gulf of Mexico, LLC (MPGOM).
- 10/12/2021
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TechnipFMC Awarded Substantial Long-term Contract by Petrobras
- NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a substantial(1) long-term charter and services contract by Petrobras (NYSE: PBR) for the pipelay support vessel Coral do Atlântico. The Brazilian-registered vessel has been secured on a three-year contract, with an option to extend. Operations offshore Brazil are expected to begin in the second quarter of 2022. Coral do Atlântico is an important component of the Company's leading flexible pipe ecosystem
- 10/11/2021
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Petrobras (PBR) Secures Bids for Albacora and Albacora Leste
- Petrobras (PBR) acquires binding proposals for the Albacora and Albacora Leste fields in the Campos Basin from the PetroRio/Cobra and EIG Global Energies Partners/Enauta/3R Petroleum consortiums.
- 10/07/2021
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Brazil's Petrobras won't artificially control fuel prices - CEO
- Petrobras Chief Executive Officer Joaquim Silva e Luna said there was "zero" risk that the state-run Brazilian oil company would seek to artificially control fuel prices even amid growing public outrage over inflation.
- 10/02/2021
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CNOOC to Buy Extra 5% Stake in Petrobras' (PBR) Buzios Oilfield
- Per Petrobras (PBR), CNOOC's purchase of an additional 5% share in the massive Buzios pre-salt field will not impact its 2021 output goal until the deal is completed.
- 10/01/2021
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Petrobras (PBR) Aims to Obtain Net-Zero Emission From Operations
- Petrobras' (PBR) net-zero target revolves around scopes 1 and 2 emissions, which include operational emissions and indirect emissions associated with energy purchases from third-party suppliers.
- 09/22/2021
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Petrobras (PBR) Enters Binding Stage to Sell Off Deten Stake
- Petrobras (PBR) begins the binding phase of the sale of its full 27.88% ownership holding in Deten as part of its strategy to lower expenses and improve its capital deployment to add shareholder value.
- 09/21/2021
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Looking for Value? Why It Might Be Time to Try Petroleo Brasileiro (PBR)
- Petroleo Brasileiro (PBR) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
- 09/21/2021
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Petrobras: Likely The Cheapest Of All Oil Majors And Offers A 10% Dividend Yield
- Petrobras produces in excess of 2 million barrels of oil per day, making it one of the largest producers in the world. The low production cost of just $5/barrel means the company is printing cash.
- 09/13/2021
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Petrobras (PBR) Sells 10% Stake in Lapa Field to TotalEnergies
- Petrobras' (PBR) handover of its 10% share in the Lapa field complements its portfolio optimization and capital allocation strategy, which aims to add shareholder value.
- 09/03/2021
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TechnipFMC (FTI), DOF Clinch Major Contracts From Petrobras
- TechnipFMC (FTI) and DOF Subsea's Skandi Niteroi will mostly function in shallow water while Skandi Vitoria will operate in both shallow and deep water.
- 09/01/2021
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Petrobras Is A Must Have For Any Dividend Investor
- Petrobras Is A Must Have For Any Dividend Investor
- 09/01/2021
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Petrobras (PBR), Excelerate Ink Bahia Terminal FSRU Deal
- Petrobras' (PBR) decision to proceed in the tender for leasing the Bahia Regasification Terminal to Excelerate is a giant stride taken to drive the Brazilian natural gas sector's competitive edge.
- 08/31/2021
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7 Emerging Market Stocks to Diversify From the Home Turf
- For those seeking adventure in the market and a stronger international portfolio, these emerging market stocks could fit the bill. The post 7 Emerging Market Stocks to Diversify From the Home Turf appeared first on InvestorPlace.
- 08/31/2021
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Petrobras (PBR) Just Reclaimed the 50-Day Moving Average
- Good things could be on the horizon when a stock surpasses the 50-Day simple moving average. How should investors react?
- 08/30/2021
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Petrobras (PBR) Just Reclaimed the 20-Day Moving Average
- Good things could be on the horizon when a stock surpasses the 20-day simple moving average. How should investors react?
- 08/30/2021
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Petrobras (PBR) Confirms the Sale of REMAN Refinery to Atem
- Petrobras (PBR) to divest REMAN refinery to distributor Atem's unit Ream Participaces S.A. for a deal value of $189.5 million.
- 08/27/2021
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Petrobras Continues To Offer A Strong Risk-Reward Balance
- Most of Maxeon Solar's recent losses are of a non-recurring nature and should completely be behind the company by the end of 2022.
- 08/26/2021
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Petrobras (PBR) Announces Production Initiation at FPSO Carioca
- Petrobras' (PBR) oil and gas production at its S??pia field is carried out using the FPSO Carioca unit, which can produce 180,000 barrels of oil and nearly six million cubic meters of natural gas daily.
- 08/25/2021
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The 5 Best Stocks to Buy Now on Relative Price Strength
- Avis Budget Group (CAR), Rent-A-Center (RCII), Petrobras (PBR), Sonos (SONO) and Textron (TXT) are five stocks with explosive relative price strength.
- 08/16/2021
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Petrobras (PBR) Stock Climbs 8.5% Following Q2 Earnings Beat
- At the end of the second quarter, Petrobras (PBR) had a net debt of $53,262 million, decreasing from $71,222 million a year ago and $58,424 million as of Mar 31, 2021.
- 08/12/2021
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Should Value Investors Buy Petrobras (PBR) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 08/10/2021
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Petrobras (PBR) to Develop Fourth Mero FPSO in Offshore Brazil
- Petrobras' (PBR) development plan involves the interconnection of 15 wells to the FPSO, including eight oil producers, six water and gas injectors, and one convertible well.
- 08/10/2021
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PBR Stock Price Increased 9.21%: Why It Happened
- The stock price of Petroleo Brasileiro (NYSE: PBR) increased by 9.21%. This is why it happened.
- 08/05/2021
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Brazil audit court sees fuel shortages with Petrobras divestment
- Brazil's Federal Audit Court (TCU) says there is a risk of fuel shortages in regional markets as a result of the sales of assets by state-controlled oil company Petroleo Brasileiro SA, according to a statement on the court's website.
- 08/05/2021
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Petrobras (PBR) to Report Q2 Earnings: What's in the Cards?
- Petrobras (PBR) beat the Zacks Consensus Estimate twice in the last four quarters and missed in the other two, delivering an earnings surprise of 308.91%, on average.
- 08/02/2021
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Petrobras (PBR) Gives Preliminary Production Results for 2Q21
- Petrobras (PBR) witnesses strong growth in gasoline and diesel demand in Brazil in the second quarter of 2021.
- 07/29/2021
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Petrobras Continues To Be Ignored In The World Of Large Oil Companies
- Petrobras continues to be ignored in the world of large oil companies as investors worry about current prices and its ties to the Brazilian environment. The company is aggressively growing production and has ties to increase its production significantly for the long run with investors.
- 07/25/2021
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Top Ranked Value Stocks to Buy for July 23rd
- GLOP, PBR, ALLY, and DAC made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 23, 2021.
- 07/23/2021
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The 7 Best Cheap Stocks to Buy for the Second Half of 2021
- Although the major indices have been flying, you can't bet on them all, which augurs well for these cheap stocks to consider. The post The 7 Best Cheap Stocks to Buy for the Second Half of 2021 appeared first on InvestorPlace.
- 07/23/2021
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New Strong Buy Stocks for July 23rd
- PBR, ALLY, VOLT, GLOP, and MC have been added to the Zacks Rank #1 (Strong Buy) List on July 23, 2021.
- 07/23/2021
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Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 07/21/2021
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Exclusive: Brazil's Petrobras price hikes show company's independence -CEO
- Brazil President Jair Bolsonaro was not consulted or informed about state oil giant Petrobras' decision this week to raise fuel prices, which underscores the company's independence, Chief Executive Joaquim Silva e Luna told Reuters on Wednesday.
- 07/07/2021
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Why You Should Watch the World's Most Hated Oil Company
- With oil prices rising, and a public health crisis improving in Brazil, Petrobras might be the best oil and gas company in the Americas.
- 07/07/2021
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V&M Breakouts: Top Growth & Dividend Stocks For July 2021
- Releasing two top July stocks from the MDA Growth and Dividend Breakout portfolio and two top samples from prior portfolios. Long-term dividend portfolios have a 1-year average weighted gain of +29.9%. The best gain is from the May 2020 portfolio, +74.6%.
- 07/05/2021
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Petrobras (PBR) Earns $2.3B From BR Distribuidora Stake Sale
- The sale integral to Petrobras' (PBR) larger strategy to divest its non-core businesses, lower debt and prioritize deep-water projects.
- 07/05/2021
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Petrobras (PBR) Receives R$271.1M in Bribery Settlement Case
- Petrobras' (PBR) total payment obtained from leniency agreements made by TechnipFMC and other companies exceeds R$6 billion with the final installment.
- 06/29/2021
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Can a Wage-Price Spiral Happen in 2022?
- Can a Wage-Price Spiral Happen in 2022?
- 06/24/2021
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Petrobras' (PBR) Shares March Higher, Can It Continue?
- As of late, it has definitely been a great time to be an investor in Petrobras (PBR).
- 06/16/2021
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5 Top Stocks to Buy According to Relative Price Strength
- Petrobras (PBR), TrueBlue (TBI), Navient (NAVI), Target (TGT) and Signet Jewelers (SIG) are five stocks with explosive relative price strength.
- 06/16/2021
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Chinese Allies to Pay Petrobras (PBR) $2.94B for Buzios Excess
- Petrobras (PBR) will own 92.666% of the Buzios reservoir at the commencement of the agreement while the leftover 3.667% stake will be held by other partners each.
- 06/15/2021
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How Petrobras (PBR) Stock Stands Out in a Strong Industry
- Petrobras (PBR) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 06/15/2021
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Petrobras (PBR) Places $2.3B Order for Eighth Buzios FPSO
- Petrobras' (PBR) FPSO P-79 will have a distillation capacity of 180 thousand barrels of oil per day and 7.2 million cubic meters of gas per day. The order will likely be delivered by 2025 end.
- 06/14/2021
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Petrobras Announces Final Results And Settlement Of Cash Tender Offers
- RIO DE JANEIRO, June 11, 2021 /PRNewswire/ -- Petróleo Brasileiro S.A. – Petrobras ("Petrobras") (NYSE: PBR) today announced the final results and settlement of the previously announced cash tender offers by its wholly-owned subsidiary, Petrobras Global Finance B.V.
- 06/11/2021
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Petrobras: Common And Preferred Shares Break Historical Trading Norms
- Petrobras: Common And Preferred Shares Break Historical Trading Norms
- 06/09/2021
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Petrobras Announces Expiration And Expiration Date Results Of Cash Tender Offers
- RIO DE JANEIRO, June 8, 2021 /PRNewswire/ -- Petróleo Brasileiro S.A. – Petrobras ("Petrobras") (NYSE: PBR) today announced the expiration and expiration date results of the previously announced cash tender offers by its wholly-owned subsidiary, Petrobras Global Finance B.V.
- 06/08/2021
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Petrobras Announces Consideration For Cash Tender Offers
- RIO DE JANEIRO, June 8, 2021 /PRNewswire/ -- Petróleo Brasileiro S.A. – Petrobras ("Petrobras") (NYSE: PBR) today announced the consideration for the previously announced cash tender offers by its wholly-owned subsidiary, Petrobras Global Finance B.V.
- 06/08/2021
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Petrobras (PBR) to Sell Full 27.88% Stake in Deten Quimica
- Petrobras' (PBR) Deten petrochemical divestment plan is in sync with the company's strategy to lower expenses and better its capital management policy to add shareholder value.
- 06/07/2021
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5 Top Stocks From the Best-Performing Sector of the Market
- To tap the energy market's rally, it will be prudent to invest in Canadian Natural Resources (CNQ), Continental Resources (CLR), Petrobras (PBR), PDC Energy (PDCE) and Imperial Oil (IMO).
- 06/07/2021
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Strength Seen in Petrobras (PBR): Can Its 6.3% Jump Turn into More Strength?
- Petrobras (PBR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
- 06/03/2021
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Petrobras: A Good Bargain, Outperforming Most Of Its Peers But Still Underpriced
- The Brazilian state-run oil company has a great return potential. Petrobras prices are more than 30% down pre-pandemic levels.
- 06/02/2021
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Petrobras Announces Offering Of U.S. Dollar-Denominated Global Notes And Commencement Of Cash Tender Offers
- RIO DE JANEIRO, June 2, 2021 /PRNewswire/ -- Petróleo Brasileiro S.A. – Petrobras ("Petrobras") (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V.
- 06/02/2021
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Petrobras: A Lucrative Emerging Market Play
- Petrobras: A Lucrative Emerging Market Play
- 05/26/2021
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Petroleo Brasileiro S.A.: A Bargain Oil Stock In An Overpriced Market
- Politics, COVID-19, and the rocky fortunes of the oil market have all pushed down the share price of Petrobras.
- 05/26/2021
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Book Profits by Investing in These High Earnings Yield Picks
- Invest in high earnings yield stocks like PBR, HIMX, TEN and CC for sturdy gains.
- 05/26/2021
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Petrobras (PBR) Stock Up on Debt Cut Since Q1 Earnings Miss
- At the end of the first quarter, Petrobras (PBR) had a net debt of $58,424 million, decreasing from $73,131 million a year ago and $63,168 million as of Dec 31, 2020.
- 05/19/2021
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Petrobras (PBR) Places $2.3B FPSO Order to Keppel Shipyard
- Petrobras (PBR) awards a contract to Keppel Shipyard to build an FPSO vessel, which will have a distillation capacity of 180 thousand barrels of oil and 7.2 million cubic meters of gas per day.
- 05/13/2021
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Brazilian Broker XP in Growth Mode
- XP Inc. ( XP , Financial) is a Brazilian brokerage firm that is in extreme growth mode. The company is taking on new customers and assets under management are soaring.
- 05/11/2021
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Brazil's Petrobras reopens bidding for Golfinho oilfields, sources say
- Brazilian state-run oil company Petrobras has reopened bidding for its Golfinho offshore oilfield cluster, two sources told Reuters this week, following a rise in crude prices over the last several months.
- 05/05/2021
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New Strong Buy Stocks for April 27th
- New Strong Buy Stocks for April 27th
- 04/27/2021
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Final Trades: Apple, Wabtec, Petrobras & more
- The "Halftime Report" traders give their top picks to watch for the second half.
- 04/23/2021
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Petrobras Announces Final Results And Settlement Of Cash Tender Offers
- RIO DE JANEIRO, April 12, 2021 /PRNewswire/ -- Petróleo Brasileiro S.A. – Petrobras ("Petrobras") (NYSE: PBR) today announced the final results and settlement of the previously announced cash tender offers by its wholly-owned subsidiary, Petrobras Global Finance B.V.
- 04/12/2021
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At Brazil's Petrobras, a 'Spartan' military man takes the reins
- For many investors, the appointment of former army general Joaquim Silva e Luna as the new chief executive of Brazil's state-run oil company Petrobras was unexpected - and unwelcome.
- 04/12/2021
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Petrobras (PBR) Postpones Production From Mero 1 to Next Year
- Petrobras (PBR) now expects Mero 1 to go online only in the first quarter of 2022 due to a delay in the FPSO Guanabara conversion works in China as a result of coronavirus.
- 04/09/2021
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Market Update: The 10 Most Active Stocks Today
- We're almost halfway through the trading day for Friday and it's time for a market update covering the most active stocks today. The post Market Update: The 10 Most Active Stocks Today appeared first on InvestorPlace.
- 04/09/2021
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Petrobras (PBR) to Operate 6 Blocks in Foz do Amazonas Basin
- Per Petrobras (PBR), its new role as an operator will allow it to grab full ownership of the fields.
- 04/08/2021
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Petrobras Announces Expiration And Expiration Date Results Of Cash Tender Offers
- RIO DE JANEIRO, April 7, 2021 /PRNewswire/ -- Petróleo Brasileiro S.A. – Petrobras ("Petrobras") (NYSE: PBR) today announced the expiration and expiration date results of the previously announced cash tender offers by its wholly-owned subsidiary, Petrobras Global Finance B.V.
- 04/07/2021
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Petrobras Announces Consideration For Cash Tender Offers
- RIO DE JANEIRO, April 7, 2021 /PRNewswire/ -- Petróleo Brasileiro S.A. – Petrobras ("Petrobras") (NYSE: PBR) today announced the consideration for the previously announced cash tender offers by its wholly-owned subsidiary, Petrobras Global Finance B.V.
- 04/07/2021
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Petrobras (PBR) Ends Sale of Mangue Seco 3 & 4 Wind Farms
- Petrobras (PBR) is paid R$78.2 million upon closing the Mangue Seco 3 and Mangue Seco 4 wind farms' divestiture.
- 04/07/2021
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Petrobras (PBR) Hits Record March S-10 Diesel Despite Coronavirus
- Petrobras (PBR) records a 35% expansion in total diesel sales volume in March by vending 791 thousand bpd diesel compared to the level registered in the same month last year.
- 04/05/2021
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Petrobras (PBR) Finalizes RLAM Refinery Sale to Mubadala
- Petrobras (PBR) agrees to divest RLAM refinery to Abu Dhabi's Mubadala Capital for a deal value of $1.65 billion, which is pending regulatory nods.
- 03/31/2021
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Petrobras Announces Commencement Of Cash Tender Offers
- RIO DE JANEIRO, March 31, 2021 /PRNewswire/ -- Petróleo Brasileiro S.A. – Petrobras ("Petrobras") (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V.
- 03/31/2021
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Digital Adoption: The Key to Oil Service Firms' New Approach
- For oilfield service providers like Halliburton (HAL), Baker Hughes (BKR) and Schlumberger (SLB), the pandemic has acted as a catalyst in making digital transformation a key part of their strategy.
- 03/29/2021
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Is Petroleo Brasileiro (PBR) a Good Value Investor Stock?
- Let's see if Petroleo Brasileiro (PBR) stock is a good choice for value-oriented investors right now from multiple angles.
- 03/15/2021
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Investors Flee Brazil, Petrobras Doesn't Deserve It
- Petrobras has been punished after investors have fled from a leadership change.
- 03/10/2021
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Petrobras: Improving Conditions But Political Risks Abound
- Petrobras: Improving Conditions But Political Risks Abound
- 03/10/2021
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Subsea 7: The Trend Is Your Friend And So Are The Fundamentals
- Subsea 7: The Trend Is Your Friend And So Are The Fundamentals
- 03/07/2021
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Rising Earnings Estimates and Analyst Reports for JPMorgan, Exxon Mobil & Adobe
- Rising Earnings Estimates and Analyst Reports for JPMorgan, Exxon Mobil & Adobe
- 03/04/2021
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Petrobras (PBR) Q4 Earnings Top But Stock Falls: Here's Why
- At the end of 2020, Petrobras (PBR) had net debt of $63,168 million, less than $78,861 million a year ago and $66,218 million as of Sep 30,2020.
- 03/03/2021
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The Petrobras Lesson? Avoid SOEs
- Brazilian oil giant Petrobras once again finds itself at the center of controversy, reminding investors that avoiding state-owned enterprises (SOEs) is often a winning strategy. Advisors can meet that demand with model portfolios, including the Emerging Markets Multi-Factor Portfolio.
- 02/26/2021
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Petróleo Brasileiro S.A. - Petrobras (PBR) CEO Roberto Castello Branco on Q4 2020 Results - Earnings Call Transcript
- Petróleo Brasileiro S.A. - Petrobras (PBR) CEO Roberto Castello Branco on Q4 2020 Results - Earnings Call Transcript
- 02/25/2021
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Brazil distributors scramble for diesel amid Petrobras shakeup
- Brazilian fuel distributors are scrambling to secure diesel supplies for March and April after state-run oil company Petrobras said it would not fully meet their demand, adding to uncertainty amid a sudden management shakeup.
- 02/24/2021
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Petrobras board calls shareholder meeting to replace CEO
- The board of Brazil's state-run oil company Petrobras on Tuesday authorized an extraordinary shareholder meeting to begin the process of replacing Chief Executive Roberto Castello Branco with former Defense Minister Joaquim Silva e Luna.
- 02/23/2021
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Brazil's CVM watchdog opens second probe into Petrobras shakeup
- Brazil's market regulator CVM said on Tuesday it has opened a second investigation into the announced shakeup at state-controlled oil giant Petrobras, which triggered a two-day share selloff that wiped more than 100 billion reais ($18.3 bln) off its value.
- 02/23/2021
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Shares in Brazil's Petrobras rebound after Monday plunge
- Shares in Brazil's state-run oil company Petrobras rose around 8% in early Tuesday trading, rebounding after a sharp plunge the previous day on President Jair Bolsonaro's move to appoint a new chief executive.
- 02/23/2021
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Brazil oil regulator says Petrobras shakeup will not change refinery policy
- Brazil's oil sector regulator ANP does not see President Jair Bolsonaro's appointment of a new Petrobras CEO altering the country's policy of opening up the domestic refinery market to private investment, ANP director-general Rodolfo Saboia said on Monday.
- 02/22/2021
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Petrobras CEO Change Worries Investors
- The state-owned oil company tumbles 21% after President Bolsonaro pushes out the CEO.
- 02/22/2021
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Brazil bankers, investors worry about Bolsonaro's effect on capital markets revival
- Bankers and portfolio managers worry that Brazilian President Jair Bolsonaro's latest policy moves may undermine the country's recent capital markets revival.
- 02/22/2021
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Brazil markets tank as Bolsonaro shakes up Petrobras to cut energy costs
- Brazilian financial markets went into a tailspin on Monday, as investors dumped the country's currency and stocks, while pushing up interest rates, after President Jair Bolsonaro moved late on Friday to sack the head of state-run oil firm Petrobras following weeks of clashes over fuel price hikes.
- 02/22/2021
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Brazil market regulator CVM opens investigation into Petrobras CEO change announcement
- Brazil's securities regulator CVM is investigating the management changes at state-run oil company Petroleo Brasileiro SA, its website showed on Monday, following President Jair Bolsonaro's announcement last week that he will replace chief executive Roberto Castello Branco.
- 02/22/2021
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Delta Air, Foot Locker, Nvidia, Petrobras and More Monday Afternoon Analyst Calls
- With the trading day more than halfway over, the broad markets could not make up their mind on a direction.
- 02/22/2021
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Petrobras stock plunges after Brazil government pushes for replacement of CEO
- The U.S.-listed shares of Petroleo Brasileiro S.A. , known as Petrobras, plunged 20.4% in premarket trading Monday, after Brazil-based state-controlled oil and gas company disclosed that the government requested its chief executive be replaced.
- 02/22/2021
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Brazil's Petrobras shares plunge 17% in NY after analysts' downgrades
- Petrobras shares traded in New York plunged nearly 17% in premarket trading on Monday as analysts cut ratings on the stock after far-right Brazilian President Jair Bolsonaro moved to replace the state-controlled oil company's market friendly CEO with a retired army general.
- 02/22/2021
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Brazil's securities industry watchdog to investigate change of Petrobras CEO
- Brazil's securities industry watchdog CVM is expected to launch an investigation on Monday following the announcement by President Jair Bolsonaro of the change of CEO at state-controlled oil company Petrobras, according to one source with knowledge of the matter.
- 02/21/2021
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Bolsonaro's nominee to run Petrobras stresses need for "balance" in fuel pricing
- Brazilian President Jair Bolsonaro's nominee to lead state-run oil company Petrobras said on Saturday the company needs to find "balance" in fuel pricing, considering the impact on shareholders, investors, sellers and consumers.
- 02/20/2021
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Brazil's Petrobras executive management in talks on possible mass resignation - sources
- Petroleo Brasileiro SA's executive management is considering resigning en masse after the Brazilian government decided to replace Chief Executive Roberto Castello Branco, three people close to the management said, asking not to be named as information is private.
- 02/19/2021
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Bolsonaro says nominating replacement for Petrobras CEO
- Brazil's government has decided to nominate Joaquim Silva e Luna as the next chief executive of state-controlled oil company Petrobras, according to a post on President Jair Bolsonaro's official Facebook account.
- 02/19/2021
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Petrobras: Longer-Term Upside Intact Despite Transitory Q4 2020 Production Weakness
- Petrobras posts production declines in its latest FQ4 '20 operational update. As much of the weakness looks likely to be scheduling/COVID-19-related, investors should remain focused on the improving medium to longer-term outlook.
- 02/17/2021
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Petrobras (PBR) Closes Sale of 50% Stake in BSBios for R$322M
- Petrobras (PBR) concludes divestment of its whole 50% share in BSBios to RP Participacoes em Biocombustiveis SA for R$322 million.
- 02/12/2021
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Petrobras (PBR) Confirms the Sale of RLAM Refinery to Mubadala
- Petrobras (PBR) agrees to sell RLAM refinery to Abu Dhabi's Mubadala Capital for a deal value of $1.65 billion, which is pending regulatory nods.
- 02/11/2021
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Petrobras (PBR) Unearths Pre-Salt Oil Discovery in Campos Basin
- Petrobras (PBR) discovers hydrocarbons in the C-M-411 block located in the offshore Campos Basin and expects the well data to be examined for improved exploratory activities in the block.
- 02/03/2021
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Exclusive-Samsung, Hyundai, Daewoo prepare for Petrobras oil platform tender: sources
- Three consortia including Asian shipyards are preparing to compete to build Brazilian state-controlled oil firm Petrobras' first two in-house platforms in more than seven years, according to four people familiar with the tender.
- 01/28/2021
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9 International Stocks to Buy for Enhanced Diversification
- While the U.S. levers the most powerful economy, the best growth opportunity for investors may not be at home but rather abroad with international stocks to buy. The post 9 International Stocks to Buy for Enhanced Diversification appeared first on InvestorPlace.
- 01/22/2021
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Short Sellers Pull Back on Oil and Gas Stocks
- Crude oil traded around $53.50 a barrel Wednesday morning, up by about $3.00 (nearly 6%) a barrel over the past week.
- 01/13/2021
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Petrobras (PBR) Draws Record Oil in 2020 Despite Coronavirus
- Petrobras' (PBR) 2020 pre-salt production sums 1.86 million barrels of oil equivalent per day, accounting for 66% of its total output.
- 01/08/2021
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Petrobras (PBR) to Divest Its 50% Stake in BSBios for R$322M
- Petrobras' (PBR) plan to sell half of its ownership interest in the local biodiesel plants operator BSBios is in line with its strategy to slash costs and enhance capital deployment.
- 12/29/2020
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Petrobras (PBR) Clinches 5-Year Supply Deal From Braskem
- Petrobras (PBR) will supply at least 580,000 metric tonnes of ethylene every year to Braskem's unit in Rio de Janeiro until Dec 31, 2025.
- 12/28/2020
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Petrobras (PBR) Unearths Great Quality Oil in Buzios Well
- Petrobras (PBR) hits oil of finest quality after drilling a new 9-BUZ-48D-RJS well in its deepwater Buzios field in the Santos Basin.
- 12/23/2020
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Petrobras (PBR) Begins Non-Binding Phase of Marlim Cluster
- Petrobras' (PBR) plans to divest half its stakes in the four fields of the Marlim Cluster, which is in line with its strategy to slash costs and enhance capital deployment.
- 12/17/2020
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Petrobras (PBR) to Sell Its Entire Stake in Onshore Fields of Sergipe
- Petrobras (PBR) to sell its whole interest in Rabo Branco field to Energizzi Energias do Brasil Ltda wherein the latter will pay the former a sum of $1.5 million at one go.
- 12/15/2020
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Oil and Gas Short Sellers Seek Direction
- Crude oil traded around $47.20 a barrel Thursday morning, up by about $1.70 (about 3.7%) a barrel over the past week.
- 12/10/2020
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Brazil prosecutors sue Trafigura over irregular Petrobras contracts: statement
- Brazilian federal prosecutors have filed a lawsuit seeking damages from oil trading company Trafigura and former executives on corruption allegations involving Brazilian state-run oil company Petroleo Brasileiro SA (Petrobras), according to a statement on Monday.
- 11/30/2020
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2020 Reveals The Strength Of Petrobras' Business
- Petrobras' business and its improvements over the recent years are finally forced to light by COVID-19. The company has maintained strong FCF, which is unsurprising, as it aggressively pays down debt.
- 11/27/2020
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Oil and Gas Short Sellers Bet on Another Drop in Crude Prices
- Crude oil traded around $45.20 a barrel at noon Wednesday, up by about $3.00 (about 7.1%) a barrel over the past week.
- 11/25/2020
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Oil and Gas Short Sellers Get a Payday
- Crude oil traded around $42.20 a barrel at noon Wednesday, up by about $0.85 (about 2.2%) a barrel over the past week.
- 11/11/2020
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A Way To Double Down On A Recovery In The Brazilian Real And A Commodity Rally
- The Brazilian currency turns higher. Three reasons why commodities are heading higher.
- 11/09/2020
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Oil and Gas Short Sellers Try to Pick Winners
- Crude oil traded around $39 a barrel early Monday, down by about $2.40 a barrel over the past week.
- 10/27/2020
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Howard Marks' Oaktree Buys PG&E, Sells Oil Stocks
- Firm releases its 2nd-quarter portfolio updates
- 08/19/2020
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Majority owners of airline Avianca arrested in Brazil corruption probe, source says
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Petrobras Launches Development Of Major Deepwater Oil Field
- Brazil’s state oil major Petrobras has launched a new phase in the development of the first deepwater oil project since the start of the crisis, at the Mero field in the Santos Basin
- 08/18/2020
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Emso Asset Management Ltd Buys Petroleo Brasileiro SA Petrobras
- Investment company Emso Asset Management Ltd (Current Portfolio) buys Petroleo Brasileiro SA Petrobras during the 3-months ended 2020Q2, according to the most recent filings of the investment company, Emso Asset Management Ltd. Continue reading...
- 08/14/2020
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EMERGING MARKETS-Latam FX falls on U.S.-China tension, Brazil real lags for week
- * Brazilian real biggest weekly decliner among peers * Latam stocks set to log first weekly decline in six * Trump attack on China apps bruises risk, boosts dollar By Shreyashi Sanyal Aug 7 (Reuters) - Latin American currencies fell on Friday, with Brazil's real lagging peers for the week as U.S. President Donald Trump's steps toward banning popular Chinese mobile apps helped the dollar gain some lost ground. The real crumbled 1.7% against a strengthening dollar after the Trump administration unveiled bans on U.S. transactions with China's ByteDance, owner of video-sharing app TikTok, and Tencent, operator of messenger app WeChat, which go into effect in 45 days. "Apart from the obvious fallout to Tencent and ByteDance, Washington's move is sure to ratchet up geopolitical tensions with Beijing once again, after a relatively quiet couple of weeks," said Jeffrey Halley, senior market analyst at OANDA.
- 08/07/2020
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EMERGING MARKETS-Latam assets rise; Brazil's real steady ahead of expected rate cut
- * Brazil central bank seen cutting rates to record low of 2% * Most Latam currencies rise against weakening dollar * Petrobras lifts Bovespa as oil prices jump By Shreyashi Sanyal Aug 5 (Reuters) - Most Latin American currencies rose against a weaker dollar on Wednesday, while Brazil's real remained steady ahead of what is expected to the central bank's final interest rate cut in its one-year long easing cycle. The real firmed 0.2% against the dollar as Copom, the central bank's rate-setting committee, is set to cut its key interest rate to a record low of 2.00% later in the day in a final 25 basis points move to cushion an economic collapse.
- 08/05/2020
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Petrobras (PBR) Q2 Loss Wider Than Expected on Oil Slump
- Petrobras' (PBR) average oil and gas production during Q2 reached 2,802 MBOE/d, up from 2,633 MBOE/d in the same period of 2019.
- 08/04/2020
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Petroleo Brasileiro S.A.- Petrobras (PBR) Q2 2020 Earnings Call Transcript
- Today we have with us Roberto Castello Branco, Petrobras CEO; Andrea Almeida, Chief Financial and Investor Relations Officer; Anelise Lara, Chief Refining and Natural Gas Officer; Andre Chiarini, Chief Logistics Officer; Carlos Alberto Pereira de Oliveira, Chief Exploration and Production Officer; Marcelo Zenkner, Chief Governance and Compliance Officer; Nicolas Simone, Chief Digital Transformation and Innovation Officer; Roberto Ardenghy, Chief Institutional Relations Officer; and Rudimar Lorenzatto, Chief Production Development Officer. The presentation will be available on our website and today, we will start by listening to Roberto with the main highlights of our results.
- 08/01/2020
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Petróleo Brasileiro S.A. - Petrobras (PBR) CEO Roberto Castello Branco on Q2 2020 Results - Earnings Call Transcript
- Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Q2 2020 Earnings Conference Call July 31, 2020 10:30 AM ET Company Participants Carla Dodsworth Albano Miller - Investor Relations Executive Manager Roberto Castello Branco - Chief Executive Officer Andrea Almeida - Chief Financial and Investor Relations Officer Anelise Lara - Chief Refining and Natural Gas Officer André Chiarini - Chief Logistics Officer Carlos Alberto Pereira de Oliveira - Chief Exploration and Production Officer Conference Call Participants Frank McGann - Bank of America Merrill Lynch Christian Audi - Santander Vicente Falanga - Bradesco BBI Régis Cardoso - Credit Suisse Lilyanna Yang - HSBC Thiago Duarte - BTG Pactual Bruno Montanari - Morgan Stanley André Hachem - Itau Luiz Carvalho - UBS Bruno Amorim - Goldman Sachs Rodolfo Angele - JP Morgan Presentation Carla Dodsworth Albano Miller Good morning ladies and gentlemen.
- 07/31/2020
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Petróleo Brasileiro S.A. - Petrobras 2020 Q2 - Results - Earnings Call Presentation
- The following slide deck was published by Petróleo Brasileiro S.A. - Petrobras in conjunction with their 2020 Q2 earnings call..
- 07/31/2020
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Petrobras expects to seal refinery sale to Mubadala within 2 months
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Brazil's Petrobras posts $500 million loss despite record exports to China
- Brazilian state-run oil firm Petroleo Brasileiro SA on Thursday posted a loss of 2.7 billion reais ($524 million) in the second quarter, hurt by tumbling oil prices despite record export volumes to China. In a securities filing, Petrobras, as the firm is known, said its cash generation, or EBITDA, was 24.99 billion reais in the April to June quarter. The swing to a loss illustrates how record exports by Petrobras and fairly steady production levels were not enough to insulate the Rio de Janeiro-based company from the far-reaching effects of the novel coronavirus on the oil industry.
- 07/31/2020
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Brazil's Petrobras posts 2.7 bln-real loss despite record exports to China
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Brazil's Petrobras could get $3.3 bln in favorable tax ruling
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Brazil's Petrobras kicks off tender to build 3 FPSOs in deepwater Buzios field
- Brazilian state-controlled oil company Petrobras said on Friday it has approved the start of a tender to build three new floating platforms, known as FPSOs, in the Buzios oilfield, one of the biggest deepwater discoveries this century. Earlier in July, Reuters reported that Petroleo Brasileiro SA, as the company is formally known, was preparing to launch the leasing tender by the end of August as part of its ambitions plans to boost deepwater production. In a securities filing on Friday, Petrobras said the three new FPSOs were part of its development plans for the asset, which aim at a total of 12 floating platforms installed by the end of the decade.
- 07/24/2020
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Shell’s $780 Million Dry Hole Dims Outlook for Brazil Oil
- (Bloomberg) -- Royal Dutch Shell Plc has just drilled a dry hole in Brazil’s premier offshore region, a sign state-controlled Petrobras may have already grabbed the best oil deposits and left competitors hunting for smaller game.Shell completed its first well at the high-profile Saturno prospect on June 13 without reporting any discoveries, according to drilling data from the National Petroleum Agency. The regulator’s press office confirmed it was a dry hole, while Shell said it can’t comment during a quiet period ahead of earnings.Expectations were high from the start. Shell and Chevron Corp. outbid Exxon Mobil Corp. with a $780 million signing bonus for the prospect in 2018, and the following year Colombia’s Ecopetrol bought a 10% stake in the license for an undisclosed amount.The results add to a string of exploration setbacks outside the initial cluster of monster fields that turned Brazil into Latin America’s biggest producer and a global hotspot for exploration.Last year Petrobras and BP Plc struck out at the Peroba prospect. Then Shell discovered oil at the Alto de Cabo Frio Oeste and Petrobras at Uirapuru, but preliminary information indicates that both prospects may not pass economic hurdles, said Marcelo de Assis, the head of Latin American upstream research at Wood Mackenzie Ltd.“If you eliminate all these prospects, future production linked to exploratory activities will go down significantly,” he said. “It will reduce interest in future bid rounds and increase pressure in more favorable fiscal terms.”Petrobras is doing technical work at Peroba and studying rock samples at Uirapuru to evaluate the block’s potential, the Rio de Janeiro-based producer said in a response to questions.Petrobras’s initial success rate of 100% in the pre-salt drove interest in exploration rounds during the past decade. Shell turned the country into one if its primary growth markets when it bought BG Group Plc in 2015, giving it access to Brazil’s early pre-salt discoveries that are now its biggest producers.Existing pre-salt fields are economic even at current oil prices, and majors including Exxon, Total SA and Equinor ASA have exploration acreage in the region. Exxon has a block adjacent to Shell’s Saturno, and Brazil’s offshore industry will be watching closely when it start drilling.“There is a risk that the best fields have already been discovered. The pre-salt polygon is a huge area and can be quite heterogeneous from a geologic standpoint,” Assis said.Petrobras’s most recent development wells at pre-salt fields already declared commercial have confirmed expectations, the company said. It also has a program to completely eliminate dry holes by using artificial intelligence to harness its accumulated exploration data, and to reduce the amount of time it takes to start commercial production.(Updates with comments from Petrobras in final paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/23/2020
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Brazil's Petrobras shareholders re-elect Eduardo Bacellar Leal Ferreira as chairman
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Brazil's Vale names former Petrobras CEO to post on 'nomination committee'
- Brazilian iron ore miner Vale SA has named Pedro Parente and Alexandre Gonçalves Silva to its newly formed "nomination committee," it said in a securities filing on Wednesday. Parente is a well-known Brazilian executive who was previously CEO of state-controlled oil company Petroleo Brasileiro SA and chicken producer BRF SA. The nomination committee will help Vale improve its corporate governance, the company said, and will have a say in the size, composition and structure of the board of directors.
- 07/22/2020
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EMERGING MARKETS-Commodity-linked Latam FX gain; Brazil's real at 1-month high
- * Brazil's real at one-month high after aid to small businesses * Investors cheer massive EU stimulus plan * Argentine creditors close ranks on debt deal as government digs in (Adds details, updates prices) By Shreyashi Sanyal and Ambar Warrick July 21 (Reuters) - Brazil's real jumped to a near one-month high on Tuesday after the central bank announced more stimulus measures, while most other Latin American currencies gained on strength in the commodity market. Stocks in the country surged more than 3%.
- 07/21/2020
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EMERGING MARKETS-Brazil's real hits one-month high, stimulus hopes lift mood
- * Brazil's real at one-month high after aid to small businesses * Investors cheer massive EU stimulus plan * U.S. Congress, White House to meet on coronavirus aid * Argentina creditors close ranks on debt deal as government digs in By Shreyashi Sanyal July 21 (Reuters) - Brazil's real jumped to a one-month high on Tuesday after the central bank announced aid to small and medium businesses, while investors around the world cheered a massive stimulus plan from the European Union. Global markets cheered an historic deal by European Union leaders on a massive stimulus plan for their coronavirus-hit economies in the early hours of Tuesday.
- 07/21/2020
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Brazil's Petrobras gets favorable and definitive court decision on PIS/Cofins tax
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Brazil boosts oil exports to Asia as global rivals make record cuts
- Brazil increased crude exports to Asia in the first half of the year, stealing a slice of a coveted developing market from global rivals who made record cuts to shipments to match the unprecedented fall in demand caused by the coronavirus pandemic. The rise reflects Brazil's growing clout among global oil producers as its massive offshore projects come online. Brazil is expected to deliver one of the biggest increases to global supply in the next five years from nations outside of the Organization of the Petroleum Exporting Countries, according to the International Energy Agency.
- 07/20/2020
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Why COVID-19 Won’t Completely Crush Brazil’s Oil Boom
- The COVID-19 pandemic has hit investment in Brazil’s booming offshore sector hard, but its competitive fundamentals will continue to attract foreign oil companies once the virus fears subside
- 07/18/2020
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EMERGING MARKETS-Latam assets weaken on U.S.-China woes; Brazil's real outperforms
- * Mexican, Colombian pesos fall on weak oil * Latam COVID-19 cases continue to grow * Chile central bank holds interest rates (Adds background, updates prices) By Shreyashi Sanyal and Ambar Warrick July 16 (Reuters) - Most stocks and currencies in Latin America declined on Thursday amid weak data from China and souring Sino-U.S. relations, while Brazil's real outperformed on positive central bank commentary. Data showed unexpected weakness in China's domestic consumption, even as the world's second largest economy returned to growth in the second quarter after a deep slump at the start of the year. China is one of the biggest importers of agricultural products and metals from Latin America.
- 07/16/2020
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Wall Street Breakfast: Data Deal Voided As Twitter Gets Hacked
- Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.
- 07/16/2020
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Brazil's BR Distribuidora resumes selling aviation fuel after quality concerns
- Brazil fuel distributor BR Distribuidora said on Tuesday it has resumed selling aviation gasoline, after detecting anomalies in its supply on Saturday. Aviation gasoline serves small aircraft and is different from jet fuel which is used by large commercial planes. The aviation gasoline had raised red flags due to its smell, BR Distribuidora said.
- 07/14/2020
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Brazil's Petrobras says Buzios field platforms achieved production record
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Brazil fuel distributor BR Distribuidora wins $70 mln tax dispute
- BR Distribuidora, Brazil's largest fuel distributor, has won a 376 million-real ($69.6 million) tax dispute, it said in a filing on Tuesday. Petrobras Distribuidora SA, as the company is formally known, said the dispute related to the duplication of certain state and federal taxes between 2012 and 2020. The company, whose largest shareholder is state-run oil company Petroleo Brasileiro SA, said the 376 million reais will appear in its second quarter financial statement as an asset.
- 07/14/2020
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Braskem America Finance Company -- Moody's affirms Braskem's Ba1 ratings; changes outlook to negative
- Moody's Investors Service, ("Moody's") affirmed Braskem S.A. ("Braskem")'s Ba1 corporate family rating and the Ba1 ratings on the foreign and local currency debt issuances of Braskem Finance Ltd and Braskem America Finance Company, respectively, fully guaranteed by Braskem S.A. The outlook for the ratings was changed to negative from stable. Ratings Affirmed: ..Issuer: : Braskem S.A.
- 07/13/2020
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A Trio of Stocks Trading at a Discount
- Their share prices are below the projected free cash flow Continue reading...
- 07/13/2020
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Brazil's Petrobras, BR Distribuidora suspend imported jet fuel business amid quality concerns
- Brazilian state-run oil firm Petrobras has "preventively" stopped supplying imported jet fuel after chemical tests raised potential issues, a move that caused fuel distributor BR Distribuidora to suspend the sale of the product, according to a filing on Monday. Petroleo Brasileiro SA, as the firm is formally known, had said earlier on Saturday that the batch of imported jet fuel complied with the requirements laid out by Brazilian oil regulator ANP.
- 07/13/2020
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Brazil's offshore oil workers chilled by coronavirus outbreaks
- On Friday, May 1, two workers on the PXA-1 offshore platform owned by Brazil's state-run oil company Petrobras checked into the facility's infirmary complaining of headaches and fever-like symptoms. Another Petrobras employee fell visibly ill the following day, three workers from the platform told Reuters. The sickness spread further in the subsequent days, stoking anxiety among the 45 workers onboard, all but one of whom later tested positive for the novel coronavirus, according to the local union.
- 07/13/2020
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Coronavirus Beaten Down Stocks/Funds Series - iShares MSCI Brazil ETF
- The iShares MSCI Brazil ETF (EWZ) has recently bounced up (~50% recovered) but is still just above post GFC levels in 2009.
- 07/12/2020
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Brazil's Petrobras begins binding phase of Gaspetro sale
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EMERGING MARKETS-Latam FX subdued by virus fears; Brazil stocks eye 4-mth closing high
- * Chilean peso set to outperform peers for the week * Argentine stocks outpace peers for the week * U.S. record rise in COVID-19 cases chokes risk appetite * Petrobras up as Mubadala set for talks to buy Bahia refinery (Adds graphic, updates prices) By Shreyashi Sanyal and Ambar Warrick July 10 (Reuters) - Brazilian stocks were set for their strongest close in more than four months on Friday, while broader sentiment remained subdued amid increasing global coronavirus cases. The Bovespa stock index added about 0.8% after data showed inflation as measured by the IPCA consumer price index rose 0.26% in June over May, picking up after the deflation reported in the previous month. State-owned oil company Petrobras rose 1.5% after it said Abu Dhabi's investment fund, Mubadala Investment Co , will enter exclusive talks to purchase Brazil's second-largest refinery.
- 07/10/2020
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EMERGING MARKETS-Latam assets muted, to end week lower on virus worries
- * Stocks and currencies indexes set for weekly declines * U.S. record rise in COVID-19 cases chokes risk appetite * Petrobras up as Mubadala set for talks to buy Bahia refinery By Shreyashi Sanyal July 10 (Reuters) - Most stocks and currencies in Latin America were set to end the week with declines on Friday, on concerns over a record rise in coronavirus infections in the United States. MSCI's index for Latin American stocks fell 0.3%, while its currencies counterpart shed 0.4%. More than 60,500 new coronavirus infections reported across the United States on Thursday, a single-day record rise, weighed further on markets' mood.
- 07/10/2020
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Norway-linked firms mull bids for Petrobras' Golfinho field in Brazil, sources say
- Norway's BW Offshore Ltd and DBO Energy are among the firms mulling a bid for Petrobras' Golfinho oilfield cluster, two sources said, as Brazil's state-run oil company seeks to re-spark its asset sale program in the wake of this year's crude price crash. With average daily production of 15,000 barrels of oil and 750,000 cubic meters of gas, Golfinho is among the largest production assets Petrobras currently has on the block.
- 07/10/2020
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Exclusive: Mubadala set for exclusive talks with Petrobras to buy Bahia refinery
- Reuters was the first to report earlier on Thursday that Mubadala was on an inside track to acquire the refinery, known as Rlam, after beating back competition from India's Essar Group, according to three people close to the negotiations. Petroleo Brasileiro SA, as Petrobras is formally known, confirmed in a filing that Mubadala had submitted the best offer and was invited to negotiate. Mubadala will discuss the contract terms with Brazil's Petrobras in an exclusive negotiation expected to take several weeks, the people said on Thursday, declining to be named as the talks were not public at the time.
- 07/10/2020
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Petrobras Begins Decommissioning Campos Basin's P-12 Platform
- Petrobras (PBR) is set to decommission the P-07 and P-15 platforms in the Campos Basin alongside the FPSO Piranema in the Sergipe-Alagoas Basin in 2020.
- 07/08/2020
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Petrobras to open tender for Brazil's biggest ever platform - sources
- Petrobras is preparing to launch a tender to build Brazil's largest-ever oil platform, according to two people with knowledge of the matter, as the state-controlled oil firm pushes ahead with ambitious plans to boost deepwater production. Petroleo Brasileiro SA, as the Rio de Janeiro-based producer is formally known, plans to launch the leasing tender for the floating platform, known as an FPSO, by the end of August, the people said. Winners build and own the platforms, and lease them to Petrobras in contracts with daily rates of up to $1 million that often last longer than 15 years.
- 07/08/2020
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Oil & Gas Stock Roundup: Shell & Exxon's Q2 Updates, BP's Divestment & More
- Royal Dutch Shell (RDS.A) and ExxonMobil (XOM) issued updates on their upcoming Q2 earnings, while BP plc (BP) agreed to sell its global petrochemicals business for $5 billion.
- 07/07/2020
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Brazil's Cosan says reorganization may entail capitalization of all operating units
- Brazilian energy company Cosan SA said on Tuesday that its planned reorganization may involve the capitalization of all operating units controlled and co-controlled by the group. In a securities filing on Tuesday, Cosan said the viability of the potential capitalizations of each of the units will be weighed separately and depend on variables that the company does not control.
- 07/07/2020
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Brazil's Petrobras starts decommissioning Campos Basin platforms
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Petrobras aims to settle Braskem agreement with Odebrecht in six months
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Petrobras (PBR) to Sell Off Its Fully-Owned Biofuel Unit
- Petrobras (PBR) is the sole owner of Petrobras Biocombustivel's stake and plans to sell 100% operating interest in the project along with a 100% stake held by the unit in three biodiesel plants.
- 07/06/2020
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Brazil capital markets boom despite pandemic, M&A hits 20-year low
- Brazilian capital markets stormed back in the second quarter, powered by domestic investors seeking alternatives to meager fixed-income returns even as the COVID-19 pandemic wreaked havoc on the economy. Equity sales by Brazilian companies grew 10% in the first half to $9.9 billion, according to Refinitiv data, surprising many bankers given the weak first quarter and in sharp contrast with a swoon in deals. Other large Latin American markets stayed on the sidelines, with Panamanian airline Copa Holdings the only non-Brazilian company to conclude a share sale.
- 07/06/2020
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Petrobras considers LNG units for pre-salt's natural gas -executive
- Brazilian state-run oil company Petrobras is considering installing offshore units to liquefy the growing natural gas production at the so-called pre-salt area, Viviana Coelho, the company's emissions and climate change manager, said during a webinar on Friday. The LNG units could be an alternative, she said, for the natural gas associated with oil produced at the pre-salt, a deep-water exploratory region located more than 100 miles from the coast. Petroleo Brasileiro SA, as the firm is formally known, currently relies on offshore pipelines to bring natural gas to the coast, where it is processed.
- 07/03/2020
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Petrobras begins sale of biofuels unit
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Brazil's Petrobras sees cost-savings of $3.4 bln through 2025 with worker buyouts
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Brazilian lawmakers seek injuction to block sale of Petrobras' refineries - document
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Petrobras Draws Record June Fuel From Buzios Despite Coronavirus
- Petrobras' (PBR) gas sales surge in the May 10-16 time frame to touch 459,000 cubic meters from 146,000 cubic meters recorded in late March.
- 07/02/2020
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Brazil's Petrobras to cut over 20% of workforce in mass downsizing
- Some 10,000 employees of Brazil's Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on Wednesday, as the state-run oil company intensifies its quest to slim down and refocus on core businesses. In a webinar hosted by Brazilian newspaper Valor Economico, Castello Branco said the deadline for employees to sign up for the program was Tuesday. "We have approximately 10,000 people signed up, which means 22% of Petrobras' employees are going to leave the company," he said.
- 07/01/2020
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CEO of Brazil's Petrobras says over 20% of workforce has agreed to buyouts
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Essar group places bid for Petrobras' Bahia refinery - sources
- Indian conglomerate Essar Group made a binding offer to Brazil's Petroleo Brasileiro SA to buy the country's second largest oil refinery, two people with knowledge of the matter said on Tuesday. Petrobras, as Brazil's state-controlled oil producer is known, has received at least two offers for the 323,000 barrels per day Landulpho Alves refinery in Bahia, known as Rlam. If Essar's bid is successful, it would mark the group's debut in Brazil.
- 06/30/2020
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Petrobras Announces Initiation of Production at Atapu Field
- Petrobras' (PBR) oil and gas production at its Atapu field is being carried out using P-70 FPSO unit, which can produce 150,000 barrels of oil and nearly six million cubic meters of natural gas daily.
- 06/30/2020
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Petrobras: Atapu Development To Stimulate Growth
- Petrobras finally brought the Atapu shared deposit to a production state. This will stimulate some near-term growth for the company as it continues to ramp up t
- 06/30/2020
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Brazil's Petrobras says Transpetro unit to reduce workforce by 557 employees- filing
- Brazil's state-run oil company Petrobras said in a filing on Monday its transportation unit Transpetro will begin a voluntary layoff program this year, aiming to reduce its workforce by 557 employees. The program will begin next September and is expected to last through July next year, Petroleo Brasileiro SA, as the company is formally known, said.
- 06/29/2020
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Brazil's Petrobras puts Urucu onshore cluster on the block
- Brazilian state-run oil firm Petrobras has put its Urucu oil and gas cluster in the interior state of Amazonas up for sale, it said in a securities filing on Friday evening. The Urucu cluster was responsible for 106,353 barrels of oil equivalent per day of production in the first quarter, the company said. Petroleo Brasileiro SA, as the company is formally known, said the cluster produced 16,500 barrels per day of oil, with the rest being natural gas and natural gas liquids.
- 06/26/2020
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Mubadala delivers bid for Petrobras' refinery in Bahia - sources
- Abu Dhabi's Mubadala Investment Company placed a binding offer for Petroleo Brasileiro SA's refinery in the northeastern Brazilian state of Bahia on Thursday, two people with knowledge of the matter said on Friday. The 330,000 barrel-a-day refinery, known as RLAM, is the first of a group of eight such units the state-controlled oil producer plans to sell to cut debt and open one of the world's largest fuel markets to private investors. Petrobras and Mubadala declined to comment.
- 06/26/2020
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Petrobras to Sell Fully Owned Brazil's Shallow-Water Fields
- Petrobras' (PBR) plan to sell its stakes in the four offshore oil fields off the coast of Brazil's Ceara state is in line with its strategy to contain costs and boost capital deployment.
- 06/23/2020
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Pipeline theft falls in Brazil's Sao Paulo, as Petrobras cracks down
- Transpetro, the logistics unit of Brazilian state-run oil firm Petrobras , registered a 60% decline in fuel theft at its pipelines in the state of Sao Paulo, it said on Friday, suggesting investment to diminish such crimes is paying off. Sao Paulo, Brazil's most populous state, is the epicenter of fuel robbery in the South American nation, and also the home of some its most sophisticated organized crime groups. While the number of thefts from pipelines in Brazil pales in comparison to thefts in nations like Mexico and Colombia, it is growing fast.
- 06/19/2020
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Petrobras puts shallow-water fields in northeastern Brazil on the block
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Development banks double down on Latin America as bank loans slump
- Global development banks are mobilizing billions of US dollars in capital to fund initiatives in Latin America as commercial bank lending slumps throughout the region, which is grappling with a spike in coronavirus cases and a severe dip in projected economic performance. In recent months, the Inter-American Development Bank Group’s IDB Invest, which supports private sector companies in Latin America and the Caribbean, has increased its funding program by US$2bn to US$7bn. Meanwhile, Latin American syndicated loans led by commercial banks tallied just US$3.5bn for the first half of 2020, down 90% from the first half of last year, according to Refinitiv LPC data.
- 06/18/2020
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Engie Brasil CEO says perspective for buying 10% stake in TAG improved
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Exclusive: Petrobras to keep half its office staff at home permanently
- Brazil's Petrobras has decided to keep half its administrative staff working from home permanently, the company told Reuters, in a dramatic example of how the novel coronavirus has major companies rethinking their use of office real estate. The oil company has sent as much as 90% of its 21,000 administrative staff home since March due to the pandemic. The experience has revealed new opportunities to save costs with office space, Petrobras said in a response to questions.
- 06/17/2020
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Oil & Gas Stock Roundup: BP's $17.5B Writedown, ConocoPhillips' Production Plans & More
- BP plc (BP) will take a $17.5 billion write-down in its second-quarter results, while ConocoPhillips (COP) said that it will restore its oil production on improving fundamentals.
- 06/16/2020
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Fire at Petrobras refinery leaves facility operating at half capacity
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Petrobras puts four Brazilian power plants up for sale
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Brazil's Petrobras begins receiving binding offers for wind farms
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Petrobras Clinches 5-Year Naphtha Supply Deal From Braskem
- Petrobras (PBR) intends to sell off its shares in Braskem under its $20-$30 billion divestment program for the 2020-2024 period.
- 06/12/2020
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Shares of several energy companies are trading lower as oil prices dip. Concerns of a second wave of the coronavirus have caused economic uncertainty and clouded demand outlook, while a recent build in US crude inventories has led to continued oversupply concerns.
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Shares of several oil and gas companies are trading lower after API reported an 8.42 million barrel build in crude oil inventories.
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Brazil petrochemical producer Braskem has signed naphta supply contracts with Petrobras for Bahia, Rio Grande do Sul units- filing
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Oil & Gas Stock Roundup: BP's Job Cuts, TOTAL's Wind Farm Deal & More
- BP plc (BP) said it would cut 10,000 jobs in response to crashing oil prices, while TOTAL S.A. (TOT) agreed to purchase a 51% stake in the Seagreen 1 offshore wind farm project in Scottish waters.
- 06/10/2020
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Shares of several energy companies are trading lower as equities sell off following the recent rally. Stocks have rallied over the past week amid optimism towards the US economy reopening and investors have potentially taken some profits following the run up.
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Brazil's Petrobras convenes digital EGM for July 9 - statement
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Petrobras' May Fuel Export Creates Milestone Despite Coronavirus
- Petrobras (PBR) ships 1.11 million tons of fuel oil in May, accounting for 10% growth from the previous record set in February this year.
- 06/08/2020
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Shares of several energy companies are trading higher after OPEC+ agreed to extend production cuts into July.
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Offshore Oil’s $105 Billion Hangover Adding to Industry Woes
- (Bloomberg) -- Aging offshore oil wells that once brought market prominence to Europe, the U.S. Gulf and Brazil are increasingly money losers that companies want shut down amid low oil prices and a struggling global economy. But the effort won’t be cheap.The cost worldwide: An estimated $104.5 billion by 2030, according to Wood Mackenzie Ltd. At least 23 platforms a year could be retired in the North Sea alone, Rystad Energy Inc. reported in May, while the national oil company in Brazil has said it’s planning to spend $6 billion to retire 18 platforms, pipelines and other infrastructure by 2025.Companies can’t just abandon aging offshore wells. In most cases, regulators who approved them required pricey guarantees to make sure they’re properly sealed, and there are environmental issues involved in their upkeep. That can mean the use of divers or robot submarines to plug wells and pipelines on the ocean floor, an expensive proposition, as well as cutting apart and moving steel platforms that can weigh as much as 17,000 tons.“Abandonment costs will haunt the industry in the years to come, especially if governments get tougher with parent company guarantees,” said Marcelo de Assis, the head of Latin American upstream research at Wood Mackenzie Ltd. “The crisis fast forwarded the situation.”The spectacular decline in North Sea production since it peaked in the 1990s has left so much equipment unused that by 2025, oil companies will spend more on removing redundant equipment than developing new fields, according to Wood Mackenzie.Deepwater production was a new frontier for the oil industry in the 1980s and 1990s, and many of these projects are now reaching the end of their lives.But the push to close offshore wells comes as the oil industry has suffered some major blows. They include a price war between Saudi Arabia and Russia that flooded the world with crude, a pandemic that destroyed demand and skepticism from investors who want less money spent on exploration and more returned to them. The Organization of Petroleum Exporting Countries and allies will meet Saturday by video conference and, according to a delegate, are set to extend output cuts to prop up the oil market.At the same time, the U.S. shale boom has drastically lowered the cost of opening and operating a well on land, as well as closing one, compared with the price tag tied to wells offshore.Despite a recent uptick in oil prices, they remain too low and volatile to lure buyers to the aging and small-producing fields Brazil’s Petroleo Brasileiro SA and other deep-water operators are walking away from. The small- to mid-sized producers with low enough costs to turn a profit from exhausted oil fields are protecting their balance sheets, and banks are reluctant to provide funding.In the U.S. Gulf of Mexico, which generates about 15% of the nation’s output, explorers are expected to spend about $1 billion a year over the next half decade to decommission hundreds of wells, according to Wood Mackenzie.While the collapse in oil prices is having an effect on more offshore wells permanently shut, there’s also a push in the Gulf to extend the lives of some aging infrastructure. The key: Drilling new wells near existing platforms that can be fed by undersea pipelines as a way to cut costs.“Companies are doing everything they can to avoid abandoning facilities because that’s very expensive,” Justin Rostant, principal analyst at Wood Mackenzie, said in a phone interview. “They’re just bringing in third-party production wherever they can to extend the life of these facilities.”It costs an average of $10 million per well in deepwater and about $500,000 a well in shallow waters to plug and abandon a well in the Gulf of Mexico, Rostant said. Most wells shut down in the U.S. Gulf are coming from shallow waters, where the wells are the oldest and have lost their ability to make money.U.K. PayoutMeanwhile, the U.K. will be the leader in North Sea decommissioning, followed by Norway and Denmark. The U.K. is forecast to pay out more than 20 billion pounds ($26 billion) to close its platforms in the region by 2030.Removing offshore platforms can be controversial. Royal Dutch Shell Plc has sought permission to leave the giant concrete “legs” of its iconic Brent field in the North Sea because it says removing them would pose a greater environmental risk. However, Germany and the Netherlands, as well as environmental group Greenpeace, have raised concerns over leaving the structures in the sea.Brazil’s GoalThe goal in Brazil is to restore the environment as close to its original state as possible, Raphael Neves Moura, a superintendent at ANP, Brazil’s national petroleum agency, said during a web conference held by the Brazilian Petroleum Institute, an industry group.ANP introduced regulation in April to handle the influx of deserted equipment due to fallout from the pandemic. The agency will seek to find buyers for discarded fields before moving to abandonment, Moura said.In a statement, Petrobras said it continues to seek buyers to take on assets it’s written off. Petrobras is planning to auction three Campos Basin platforms that date back to the 1980s for scrap metal in July. These platforms have been off line since 2015 or so, so weren’t part of the 62 shut since the pandemic.In the first quarter, Petrobras wrote off 62 shallow water platforms, or about 75% of its fleet, as part of a 65 billion real ($12.5 billion) impairment. The wells to be closed only produced a combined 23,000 barrels a day, less than half of Petrobras’s top wells in the so-called pre-salt region.‘Stress Tests’In Brazil, the Campos basin has been eclipsed by larger discoveries with higher-quality oil even deeper in the Atlantic, where Rio de Janeiro-based Petrobras is focusing its investments. As a result production has plummeted at these fields, and Petrobras is carrying out “stress tests” at its remaining projects to weed out others that can’t survive.Rystad expects low service costs to encourage operators worldwide to clear out old equipment now that low oil prices have undermined incentives to extend them.No matter how the millions of tons of steel and pipes are removed, governments are likely to step in to make sure tax payers aren’t the ones paying, said Wood Mackenzie’s Assis.“There is a push from regulators. There will be more pressure for financial guarantees,” he said.(Updates to add OPEC+ meeting in seventh paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 06/05/2020
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Shares of several energy companies are trading higher amid a gain in oil prices following positive US jobs data and as investors await the OPEC+ conference, hoping for output cuts.
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Brazil's Petrobras begins process to sell minority stakes in five power plants
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Shares of several oil and energy companies are trading higher amid multiple positive catalysts. Economic recoveries in the US and China have lead to a positive demand outlook, while investors also watch for developments concerning OPEC+ production cut talks.
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Exclusive: Flush with corruption cash, Brazilian states step up deforestation fight
- Brazilian states are bolstering the fight against destruction of the Amazon rainforest with millions of dollars from an oil company's corruption settlement that allows them to partially compensate for weakening environmental protections under President Jair Bolsonaro. State environmental agencies will have a one-off windfall that Reuters calculates will total at least 140 million reais ($27 million). The cash, which comes from a massive settlement payment from state-run oil firm Petrobras, will be spent on patrol officers, jeeps, surveillance technology and other outlays to protect the rainforest, officials in all nine Amazon states told Reuters.
- 06/03/2020
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Petrobras Oil Stockpiles Are “Paradoxically” Low
- Roberto Castello Blanco said at an event yesterday that Petrobras’s oil stockpiles are “paradoxically” very low, despite the brimming storage levels in other countries
- 06/02/2020
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Shares of several oil and gas companies are trading higher as oil prices gain ahead of the OPEC+ output cut meeting expected this week.
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External funding to Brazil beginning to normalize- presentation
- Brazil's Central Bank monetary policy director Bruno Serra said on Thursday that external funding to the country is beginning to normalize, one day after state-controlled oil company Petroleo Brasileiro SA sold $3.25 billion in bonds. Serra, in a presentation released on Thursday, said central bank intervention on forex worked well and said the goal has always been to assure normal functioning of markets. Serra added that voluntary deposits at the central bank may be used to help monetary policy in the future.
- 05/28/2020
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Brazil's Petrobras moves to allow access to its natural gas processing plants - statement
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Why Brazilian Stocks Jumped Today Before Giving Back Some Gains
- Brazil's investors were ebullient today. Shares of Brazilian stocks of all sorts shot out of the gate Tuesday morning along with the broader market, with financial firms Banco Bradesco (NYSE: BBD) and Itau Unibanco (NYSE: ITUB), meat processor BRF (NYSE: BRFS), and oil major Petroleo Brasileiro (NYSE: PBR) (NYSE: PBR.A) all notching gains of roughly 10% or more in early trading.
- 05/26/2020
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Brazil sugar production up 55% in May; ethanol sales recover
- Brazil's centre-south region produced 2.5 million tonnes of sugar in the first half of May, up 55% from a year earlier, as mills continued to favor sweetener production over ethanol. According to industry group Unica, mills allocated 47.2% of the cane to sugar production in the period, versus 36% a year earlier. Unica's technical director Antonio de Padua Rodrigues said ethanol has been priced competitively in the market, which has allowed the biofuel to gain share from gasoline at pumps.
- 05/26/2020
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Shares of several energy companies are trading higher in sympathy with the overall market as equities rally on coronavirus vaccine hopes as well as a pickup in economic activity as some US states reopen businesses.
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Exclusive: Coronavirus spreads in Brazil's oilfields, as 6 offshore operators register cases
- Norway's Equinor ASA, Brazil's Dommo Energia SA and Anglo-French firm Perenco are among at least six oil producers that have registered coronavirus cases among employees or contractors at facilities off the coast of Brazil, according to industry and regulatory sources. Royal Dutch Shell PLC and Brazil's Enauta Participacoes SA have registered one case each. Hundreds of cases have been recorded at oilfields operated by state-run Petrobras.
- 05/26/2020
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Exclusive: Coronavirus spreads in Brazil's oilfields, as six offshore operators register cases
- Norway's Equinor ASA , Brazil's Dommo Energia SA and Anglo-French firm Perenco are among at least six oil producers that have registered coronavirus cases among employees or contractors at facilities off the coast of Brazil, according to industry and regulatory sources. Royal Dutch Shell PLC and Brazil's Enauta Participacoes SA have registered one case each.
- 05/26/2020
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ADAMCAPITAL Gestao de Recursos Ltda. Buys JPMorgan Chase, Bank of America Corp, Facebook Inc, ...
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Top 1st-Quarter Buys of Ken Heebner's CGM
- Capital Growth Management buys D.R. Horton, sells Thor Industries Continue reading...
- 05/21/2020
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Top –st-Quarter Buys of Ken Heebner's CGM
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Covid-19 Crisis Could Crush Brazil’s Oil Boom
- COVID-19 cases are skyrocketing in Brazil, and the country’s oil industry is getting pummelled as a result
- 05/20/2020
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EMERGING MARKETS-Rise in commodity prices lift Latam assets as recovery hopes grow
- * Mexican peso hits highest since mid-April * Colombian peso at 10-week high, Chilean peso hits 11-week high * Stocks rally on hopes of strong first half in 2021 * Negotiators with creditors may extend beyond May 22 - Argentina (Adds comments, updates prices) By Shreyashi Sanyal and Susan Mathew May 20 (Reuters) - Latin American stocks and currencies were lifted by a rise in commodity prices on Wednesday, with the Mexican peso hitting a five-week high, as markets looked to a strong post-pandemic recovery. Brazilian airline Azul shot up 13% on plans to increase daily flights by 46% in June compared with May. Other major gainers were oil giant Petrobras and iron ore miner Vale.
- 05/20/2020
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EMERGING MARKETS-Most Latam FX, stocks rally on hopes of strong recovery
- * Mexican peso hits highest since mid-April * Colombian peso at 10-week high, Chilean peso hits 11-week high * Stocks rally on hopes of strong first half in 2021 * Negotiators with creditors may extend beyond May 22 - Argentina By Susan Mathew May 20 (Reuters) - A rally in commodity prices lifted Latin American stocks and currencies on Wednesday, with Mexico's peso hitting a five-week high, as markets looked to a strong post-pandemic recovery. In line with a rally on Wall Street, most regional bourses traded between 0.% and 1.7% higher, although Mexican stocks extended losses after posting their worst session in almost two months on Tuesday as new rules for the electricity sector increased tensions between the private sector and government.
- 05/20/2020
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Shares of several energy companies are trading higher after API and EIA data showed a draw in US crude inventories.
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Petroleo Brasileiro S.A.- Petrobras (PBR) Q1 2020 Earnings Call Transcript
- Today with us is Roberto Castello Branco [Technical Issue] Andre Barreto Chiarini, Chief Logistics Officer, Carlos Alberto Pereira de Oliveira, Chief Exploration and Production Officer; [Technical Issue] Chief Digital Transformation and Innovation Officer; Roberto Ardenghy, Chief Institutional Relations Officer; Rudimar Lorenzatto, Chief Production Development Officer, as well as other company's executives. The presentation will be available on our website.
- 05/19/2020
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The Oil Bulls Are Back
- Some positive news about a possible COVID-19 vaccine as well as signs of the market tightening has caused oil to rally above $30
- 05/19/2020
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Oil & Gas Stock Roundup: Enbridge, Petrobras & TC Energy Report Q1 Earnings
- North American midstream companies Enbridge (ENB) and TC Energy (TRP) reported better-than-expected Q1 bottom line numbers, while Brazil's Petrobras (PBR) missed earnings estimate.
- 05/19/2020
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Baron Funds Buys Schrodinger, Sells Petrobras
- Top 1st-quarter trades of Ron Baron’s firm Continue reading...
- 05/18/2020
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EMERGING MARKETS-Latam assets surge as commodity prices rally
- * Brazilian real leads gains among Latam peers * Mexican peso hits more than four-week high * Argentine peso touches fresh low against dollar (Adds comments, updates prices) By Shreyashi Sanyal and Susan Mathew May 18 (Reuters) - Latin American assets roared higher on Monday, with Brazil's real jumping as commodity prices surged on hopes of economic recovery as countries eased pandemic-induced lockdowns. Encouraging data from a COVID-19 vaccine trial by U.S. drugmaker Moderna added to the optimism, bolstering Wall Street's rally. Brazil's real added 2.2%, while currencies of other oil exporters Mexico and Colombia firmed between 1% and 1.7%, with the Mexican peso touching a more than four-week high.
- 05/18/2020
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EMERGING MARKETS-Latam stocks, FX surge as commodity prices rally
- Encouraging data from a COVID-19 vaccine trial by U.S. drugmaker Moderna added to the optimism, bolstering Wall Street's rally. Despite worrying rises in the number of new cases in emerging markets, especially Brazil, and simmering U.S.-China trade tensions, an index of Latam stocks jumped 4.3%. Currencies of oil exporters Brazil, Mexico and Colombia firmed between 1.3% and 1.5%, with the Mexican peso touching a more than four-week high.
- 05/18/2020
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Raymond James Downgrades Petrobras Brasileiro to Underperform
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Morning Market Stats in 5 Minutes
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Petroleo Brasileiro SA Petrobras shares are trading lower after Bank of America downgraded the stock from Buy to Neutral and lowered the price target from $10 to $7.5 per share.
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Shares of several energy companies are trading lower. Despite EIA reporting a draw in crude inventories, OPEC cut its 2020 oil demand forecast by 2.2 million barrels per day.
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Shares of several energy companies are trading higher after US unemployment figures came in below consensus estimates. Equities have been strong this week amid a rebound in oil prices and some US states easing lockdown restrictions.
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Lesa Sroufe & Co Buys iShares Silver Trust, Hawaiian Holdings Inc, Petroleo Brasileiro SA ...
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Petrobras Has Postponed Sale Of Its Stake In Marlim Oilfield Cluster, Cites Coronavirus
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RWC Asset Management LLP Buys JD.com Inc, Alibaba Group Holding, MercadoLibre Inc, Sells Trip. ...
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Shares of several energy companies are trading higher as oil prices continue to rebound on hopes of output cuts as well as some US states reopening their economies, which could lift demand.
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Petrobras Had Record Crude Exports In April As Demand From China Recovered
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Top Research Reports for Microsoft, CVS Health & Boeing
- Top Research Reports for Microsoft, CVS Health & Boeing
- 05/01/2020
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Edited Transcript of RIG earnings conference call or presentation 30-Apr-20 1:00pm GMT
- Q1 2020 Transocean Ltd Earnings Call
- 05/01/2020
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Shares of several oil and gas companies are trading lower on market weakness as investor uncertainty grows following quarterly earnings results from multiple companies.
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Edited Transcript of SUBC.OL earnings conference call or presentation 30-Apr-20 11:00am GMT
- Q1 2020 Subsea 7 SA Earnings Call
- 05/01/2020
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Edited Transcript of AKSO.OL earnings conference call or presentation 30-Apr-20 7:00am GMT
- Q1 2020 Aker Solutions ASA Earnings Call
- 04/30/2020
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PICTET BANK & TRUST Ltd Buys iShares Select Dividend ETF, Sells SPDR S&P Dividend, ...
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Shares of several oil companies are trading higher as oil prices gain after EIA reported a smaller-than-expected build in crude inventories. Positive sentiment also potentially being driven by some US states reopening and positive trial data from Gilead's coronavirus treatment candidate.
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GM strategy shift shows how ‘liquidity is king’ during COVID-19 crisis
- By Michelle Sierra
NEW YORK, April 28 (LPC) - General Motors Co’s (GM) decision to refinance short-terms loan maturities only, rather than a larger US$16.5bn credit facility, shows how much the market for lending to high-rated companies has changed i
- 04/28/2020
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Coronavirus Has Brazil In Terrible Shape As Wall Street Sours
- Trump: ban flights! Petrobras and Brazil banks make broad-based investing there a money loser.
- 04/28/2020
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Shares of several energy companies are trading higher for the session as some US states ease lockdown restrictions and as investors weigh quarterly earnings from blue chip companies.
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16 Energy Stocks Moving In Tuesday's Pre-Market Session
- Gainers
• Tsakos Energy Navigation, Inc. (NYSE:TNP) stock rose 13.90% to $4.59 during Tuesday's pre-market session.
• NGL Energy Partners, Inc. (NYSE:NGL) shares...
- 04/28/2020
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Short Sellers Disagree on Direction in Oil and Gas Stocks
- Short interest in oil and gas stocks was mixed in the two-week reporting period ended April 15. The biggest move was a near-halving on short interest in one supermajor.
- 04/27/2020
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Edited Transcript of HLX earnings conference call or presentation 23-Apr-20 2:00pm GMT
- Q1 2020 Helix Energy Solutions Group Inc Earnings Call
- 04/26/2020
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When oil became waste: a week of turmoil for crude, and more pain to come
- In just a few months, the coronavirus pandemic has destroyed so much fuel demand as billions of people curtail travel that it has done what financial crashes, recessions and wars had failed to ever do - leave the United States with so much oil there was nowhere to put it. While the unusual circumstance
- 04/26/2020
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When oil became waste: a week of turmoil for crude, and more pain to come
- In just a few months, the coronavirus pandemic has destroyed so much fuel demand as billions of people curtail travel that it has done what financial crashes, recessions and wars had failed to ever do - leave the United States with so much oil there was nowhere to put it. While the unusual circumstance
- 04/26/2020
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When oil became waste: a week of turmoil for crude, and more pain to come
- The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of U.S. oil futures, which had never dropped below $10 a barrel in its nearly 40-year hi…
- 04/26/2020
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Brazil stocks, currency plunge on departure of two top government officials
- The resignation of Brazil's justice minister has sparked a political crisis as well as a slump in stocks (EWZ -7.9%) and a slide in the real to yet another record low against the dollar.Sergio Moro, o
- 04/24/2020
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Most Active Equity Options For Midday - Friday, April 24
- Top tickers for midday: AAPL, TSLA, BA, INTC, AMD, ZM, BYND, FB, SNAP, NFLX, BAC, MSFT, AMZN, AAL, GE, GILD, WLL, TLRY, PBR, DAL.
- 04/24/2020
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$14.43 Billion in Sales Expected for PETROLEO BRASIL/ADR (NYSE:PBR) This Quarter
- Analysts expect PETROLEO BRASIL/ADR (NYSE:PBR) to report $14.43 billion in sales for the current quarter, according to Zacks. Two analysts have issued estimates for PETROLEO BRASIL/ADR’s earnings, with the lowest sales estimate coming in at $12.96 billion and the highest estimate coming in at $15.90 billion. PETROLEO BRASIL/ADR posted sales of $21.23 billion in the […]
- 04/24/2020
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LatAm oil-producing nations brace for record investor outflows on crude plunge
- BRASILIA — Capital flight from Latin America’s oil-producing nations is nearing record levels as the collapse in oil prices makes global investors even more risk averse during the coron…
- 04/23/2020
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Malls Reopen as Quarantine Rules Ease in Some Brazil States
- (Bloomberg) — Shoppings malls have started to resume activities as some states and cities in Brazil relaxe quarantine rules. About 40 of more than 570 commercial centers are already back at w…
- 04/23/2020
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