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.
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.
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.
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?
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.
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.
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.
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.
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.
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.
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.
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.
