A holding company that operates through its Subsidiary Petrobras Energia and its subsidiaries, which are engaged in oil and gas exploration and production, refining and distribution, petrochemicals and gas and energy.
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Positive: - You can buy them for half the tangible book value due to fears of nationalization. - Cash flow is solid. Debt is low. Negative: - Nationalization might happen if the Argentine goverment gets even more desperate. At some point they should understand the idiocy of all that but you never know, they are politicians ... Category: R13BRn