Friday’s best web covers Indian companies seeking access to China, a summary of the Turkish information and consumer technology sector, collapsing tin prices, Essar’s procurement of Colombian oil, and the “toilet of the future.”
Brazilian oil and natural gas company Petroleo Brasileiro (PBR, quote) (a.k.a. Petrobras) has rebounded recently, up 8.12% for the week and 17.35% for the month. Over the same time periods, the main exchange traded fund for oil, United States Oil (USO, quote), has risen by 2.29% and 8.23%, respectively.
The Argentina oil industry has been more or less reduced to a utility under a presidential decree announced last Friday. But the new rules don’t provide the kind of monopoly risk profile usually associated with lower margins.
Brazil’s oil industry and Petroleo Brasileiro S.A. (PBR, quote) have great potential. Petrobras shares have floundered in recent trading due to the falling price of oil (USO, quote), but this is still a dividend-paying stock with a huge upside. While Brazil still imports oil, the gap between domestic production and consumption is dwindling.
I’m a big proponent of emerging market and frontier market investing, and I like to look for the best ETFs to construct the allocation I desire. One country I am greatly interested in and believe to be a good choice in the near and long term is Kazakhstan.