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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Petrobras has huge reserves and economic growth in Latin America will keep up the demands for their products. It trades at a discount relative to other oil companies, and although it lacks the big dividend, it's a bargain right now.