Energy
Why Ecopetrol is rivaling Petrobras for Latin American domination
As of Monday’s close, Colombian oil company Ecopetrol (EC, quote) once again has a larger market cap than Brazilian giant Petrobras (PBR, quote). Do current market prices for these equities reflect their true valuations?
Will fuel price rises be enough for Petrobras?
With Brazilian fuel subsidized by 20% below international fuel prices in a bid to control inflation, word that Brazil’s government appears to have decided to allow prices to rise is bad news for drivers but good news for state-owned energy giant Petrobras (PBR, quote).
Time to buy Brazilian dividend payers
Investors love dividends; they give you money in return for being a shareholder. Dividends can change however, reflecting different aspects of a company’s fortune. Three Brazilian dividend stocks may be worth a look.
Ahead of the non-Farm Payroll report
WTI crude oil prices are trading lower for the fourth session in a row as market participants jockey their positions ahead of the U.S. non-Farm Payroll numbers. Crude oil dropped as low as $85.68 on bearish comments surrounding the fragile euro zone economy from European Central Bank President Mario Draghi.
Economic growth and currency weakness will undermine Petrobras shares
Hopes earlier this year that the Brazilian government would allow gasoline prices to increase and stop losses by the refinery unit of Petrobras (PBR, quote) have not worked out for investors. Bloomberg reports that Latin America’s 2nd largest oil & gas company is losing a record $8 billion this year by selling imported gasoline below cost.
