PBR

Petroleo Brasileiro S.A. Petrobras - ADR

Energy, Industrial/Transportation


Presented:01/17/2023
Price:$10.98
Cap:$40.86B
Current Price:$14.42
Cap:$53.66B

Presented

Date01/17/2023
Price$10.98
Market Cap$40.86B
Ent Value$128.24B
P/E Ratio2.11x
Book Value$10.56
Div Yield0%
Shares O/S3,721.11M
Ave Daily Vol36,923,716
Short IntN/A

Current

Price$14.42
Market Cap$53.66B
Petróleo Brasileiro SA engages in oil and gas exploration, production, and distribution activities. It operates through the following segments: Exploration and Production; Refining, Transportation, and Marketing; Gas and Power; and Corporate and Other Business. The Exploration and Production segment involves crude oil, natural gas liquids, and natural gas exploration, development, and production. The Refining, Transportation and Marketing segment involves refining, logistics, transportation, trading operations, oil products and crude oil exports and imports, and petrochemical investments. The Gas and Power segment includes transportation and trading of natural and liquefied natural gas, the generation and trading of electric power, and the fertilizer business. The Corporate and Other Business segment comprises the financing activities not attributable to other segments including corporate financial management, and central administrative overhead and actuarial expenses. The company was founded on October 3, 1953 and is headquartered in Rio de Janeiro, Brazil.

Publicly traded companies mentioned herein: Centrais Eletricas Brasileiras Eletrobras (EBR), Petroleo Brasileiro (PBR),

Highlights

The presenter made the case for a long position in Petroleo Brasileiro, known as Petrobras, (PBR) shares. Petrobras is a Brazilian state controlled, multinational petroleum company headquartered in Rio de Janeiro. He believes that though the Petrobras investment thesis has risk going forward, the likely outcome is that those risks are either overstated or have already been priced into the Company's shares. The most recent headline issue has been that the market has had a strong negative reaction to the recent election of former two term president, Luiz Inacio Lula da Silva, better known as Lula, the left wing, workers party candidate- who won a close election for a four year term as President beginning on January 1, 2023. Post election, in a related development, a new, left leaning CEO appointed at PBR as part of this transition of political power. 

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Idea Discussion

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