This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Petrobras PBR is a Brazilian-based, partially state-owned energy company that was riding high a few years ago because of one of the largest offshore oil finds in years. But since 2007, management hasn’t been sufficiently attentive to developing new assets, and the stock has suffered. A new president took the helm in early 2012. Many investors remain cautious on the stock, but at current valuations Petrobras offers an intriguing international diversification opportunity. It has a forward P/E of 4.5 and a dividend yield of 3.2%. - Forbes
Looks like sweet entry range:
ReplyDeletehttp://scharts.co/1gbKyYr
Petrobras PBR is a Brazilian-based, partially state-owned energy company that was riding high a few years ago because of one of the largest offshore oil finds in years. But since 2007, management hasn’t been sufficiently attentive to developing new assets, and the stock has suffered. A new president took the helm in early 2012. Many investors remain cautious on the stock, but at current valuations Petrobras offers an intriguing international diversification opportunity. It has a forward P/E of 4.5 and a dividend yield of 3.2%. - Forbes
someone at Daneric's had this as their stock of the year,I think it was D2k
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