Petrobras - Petroleo Brasileiro S.A. (NY: PBR)
13.33 USD  -0.55 (-3.96%)
Official Closing Price  /  Updated: 6:40 PM EDT, Apr 15, 2014  /  Add to My Watchlist      
(PBR) Community Analysis from
April 16, 2014
(Top Foreign Stocks, 1/20/14)
Oil majors Ecopetrol (EC) of Colombia and Petrobras(PBR) of Brazil are both controlled by the state. In the past 5 years the ADR performance of these companies have diverged...(read more)
(Ethablog, 11/25/13)
Transpetro, Petrobras' subsidiary in charge of transportation, has been piping ethanol in Brazil for over thirty years. It holds the most advanced technology in the world for such operations...(read more)
Petroleo Brasileiro Petrobras (NYSE:PBR) is acting like it has put in a near term bottom. There appears to be a buyer under the stock who is accumulating shares on any push down...(read more)
Petrobras (PBR) Company Overview

Petroleo Brasileiro SA, also known as Petrobras, is a Brazil based holding company that engages in the exploration, production, refining, and sale of crude oil and other energy sources. Petrobras operates over 100 production platforms, 16 refineries, 30,000 kilometers of transportation ducts and more than 6,000 gas station in Brazil, Argentina, Mexico, Portugal, the United States, Peru and Turkey.[1]

While almost all of Petrobras’s barrels of oil and gas reserves come from Brazil, the company has the potential of becoming a major net exporter of oil.[2] In particular, Chinese energy companies and Chinese banks agreed in to finance the development of Petrobras’s offshore oil fields in exchange for guaranteed supplies of oil once the fields developed. However, low oil prices have the potential of reducing Petrobras’s exploration efforts because of the expensive equipment and technology required to develop deepwater oilfields.[3] Despite low gasoline and diesel prices, Petrobras plans to continue expanding its domestic refining and distribution operations.

(Read more at Wikinvest )

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