Petroleo Brasileiro S.A. (ADR) (NYSE:PBR)
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A one-time monopoly, Petroleo Brasileiro remains the leader in oil exploration, production, and distribution in Brazil.
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A one-time monopoly, Petroleo Brasileiro remains the leader in oil exploration, production, and distribution in Brazil.
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PBR financials look solid, plus this is a company the Brazilian government chose to "adopt" for a reason.. Oil will only get more expensive, and PBR is not overbought as most other oil giants like COP and CVX are. P/E < 7.5.