New Threads Only:  Add to Google Reader or Homepage
New Threads & Replies:  Add to Google Reader or Homepage
Forums are for serious investors only. GuruFocus Forum Rules.

Forum List » Guru News and Commentaries
Guru News, Stock picks and commentaries
New Topic
Goto Thread: PreviousNext
Goto: Forum ListMessage ListNew TopicLog In
Dodge & Cox Comments on Petrobras
Posted by: guruhl (IP Logged)
Date: November 7, 2013 01:54PM

Petrobras (PBR), one of Latin America's largest companies, is a world leader in developing advanced technology for deep-water and ultra-deep water oil production. The company has an attractive asset base with above-average, long-term growth opportunities in reserves and production. Petrobras has an advantaged position in world-class resource basins; its oil fields in the Campos Basin account more than 80% of the Brazilian oil production and its "pre-salt" assets are among the world's largest new oil producing developments in decades. The Brazilian government owns over half of the company's voting shares, and has made Petrobras' growth a national priority. While the government's ownership and social objectives may force the company to take non-economic actions, we believe Petrobras' valuation and strong franchise make it an attractive investment opportunity.

From Dodge & Cox Funds' The Energy Sector commentary.




Guru Discussed: Dodge & Cox: Current Portfolio, Stock Picks
Stocks Discussed: PBR,
Rate this post:

Rating: 2.0/5 (1 vote)





Sorry, only registered users may post in this forum.

Please Login if you have an account or Create a Free Account if you don't
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK