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EnvestorFirst (< 20)

Get In On Petrobras Before Its Too Late!



September 09, 2011 – Comments (0) | RELATED TICKERS: PBR

Petrobras may not be an American operating oil company, however, they could be a great buy for the American investor. They are producing impressive amount of oil and they are expected to be the largest oil company within the decade. Colin Lokey has compiled some of the stock details and company production information.


 "…According to a new business plan, the company will spend about $225 billion through 2015, 57% of which will go towards exploration and development. Petrobras has said that it hopes to avoid issuing equity to finance its capital spending, and that operating cash flow will provide it with most of the money it needs. In fact, the company has no plans to issue stock anytime before 2020, meaning shareholders need not worry about dilution. Petrobras also plans to bolster its cash position by selling almost $14 billion of non-essential, lower-margin assets over the next two years…"


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