PBR inks $84 million deal with Solstad Offshore to secure the Normand Turquesa AHTS vessel through 2030 for deepwater support.
In the latest trading session, Petrobras (PBR) closed at $13.13, marking a +2.34% move from the previous day.
PBR's state-run status has triggered its deeply discounted valuations - a critical factor that is further supported by the rich spreads against the low break-even point. These reasons are why the contested stock remains a compelling dividend story, especially since it offers double-digits yields and generous payouts. Thanks to the normalization in crude oil spot prices, the PBR management will also be revising its 5Y capex plans downwards, with it implying further Free Cash Flow tailwinds.
Oil & Gas Integrated Industry | Energy Sector | Magda Maria de Regina Chambriard CEO | LSE Exchange | US71654V4086 ISIN |
BR Country | 41,778 Employees | - Last Dividend | 8 May 2008 Last Split | - IPO Date |