Petroleo Brasileiro S.A. (ADR) (NYSE:PBR)
CAPS Rating:
A one-time monopoly, Petroleo Brasileiro remains the leader in oil exploration, production, and distribution in Brazil.
Taking it to the street
A one-time monopoly, Petroleo Brasileiro remains the leader in oil exploration, production, and distribution in Brazil.
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Fool UK
Recs
Union Strikes, Opposition Party challenging earnings suggests possibility of fraudulent accounting activety, opaque balance sheets, devaluation of national currency, poor short term demand for crude, and largest claims to oil present in locations that are unattainable at current oil price levels.