GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Dodge & Cox Comments on Petrobras

November 07, 2013 | About:

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.


Rating: 2.0/5 (1 vote)

Comments

Please leave your comment:


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
Email Hide