Is Petrobras for Real this Time?
This segment is from Thursday's edition of 'Digging for Value', in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.
It's been a wild ride for investors in Petrobras . The state run oil company of Brazil still spends a lot of time answering to the government. Hopefully, though, meaningful growth is upon the horizon. With the help of companies like Royal Dutch Shell and Total SA , the company is aiming to raise production 160% by the end of the decade. If this holds true, companies that have built close relationships with Petrobras, like FMC Technologies could be in for a big payday, given PBR's plans to spend $237 billion on its expansion plans.
In the following video, Motley Fool analyst Taylor Muckerman, walks us through a couple of key dates on the timeline that investors should be cognizant of. Tune in below.
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The article Is Petrobras for Real this Time? originally appeared on Fool.com.Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends FMC Technologies, Petroleo Brasileiro S.A. (ADR), and Total SA. (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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