Don't Look Now, but Petrobras My Finally Be Turning Things Around
For the past couple years, it was pretty easy to decide on whether to invest in Petrobras or other integrated majors like Total or BP . With constant issues with labor costs and government regulations that pretty much make losses on the sale of gasoline and diesel a foregone conclusion, Petrobras was likely the last one on any big oil shopping list. However, if you look deeper into the numbers at Petrobras, there were some small seedlings that might suggest the company might finally start to become a more profitable company.
One of the major changes at Petrobras is that more and more of its production is now coming from the low-decline, high margin pre-salt formaiton of the southern coast. Find out why this is an important development for the company, some other minute changes that signal a turnaround, and whether Petrobras is worthy of being put in the discussion with other the likes of Total and BP again by tuning into the video below.
Oil production from places all over the world is changing the dynamics of the oil market, and the power that OPEC and Russia once had is slowly slipping from their grasp. This movement has been possible thanks to critical technological developments, and our analysts at The Motley Fool have identified one company that is at the epicenter of it all and is in position to make immense profits from it. Find out the name of the company we have adoringly labeled "OPEC's Worst Nightmare." All you need to do is simply click here and we'll let you know for free.
The article Don't Look Now, but Petrobras My Finally Be Turning Things Around originally appeared on Fool.com.Tyler Crowe has no position in any stocks mentioned. You can follow Tyler at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter @TylerCroweFool. The Motley Fool recommends 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.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.