29. May 2013 · Comments Off on Still Buying Shares · Categories: News · Tags: , , ,

Why Soros is still buying shares of Petrobras Buenos Aires, Argentina on February 20, 2009 the price of oil continues by floor and perspectives on it towards the end of this year is that it stays near its current level. With these oil prices, investment in this area lost, by logic, attractive. But in spite of this, as they comment on the last article about the Colombian Ecopetrol (BVC:ECOPETROL; NYSE:EC) how much you can win this year betting on shares of ECOPETROL? several oil companies continue with their ambitious projects for investment and expansion. Among this group of companies is the Brazilian Petrobras (BVSP:PETR3; NYSE:PBR), one of the oil companies of improved performance in recent years and with projection of being one of the most important worldwide. The Brazilian giant, which in January reached a record in oil production, has just agreed a loan of $10,000 million of the Bank’s China Development, which Petrobras is committed to the supply of crude oil to China in the future. This agreement is highly beneficial both for the company and the Chinese Government.

This loan is of great importance for the petroleum since with these $ 10,000 Petrobras may continue with its ambitious investment plan, which envisages a dispensing $28.600 million for this year and $173,000 million for the period 2009-2013. With these investments, Petrobras intends to raise the amount of oil processed from the current 1,800 million barrels per day (bpd) to 2,300 million bpd in 2013 and reach over 3,000 million bpd in 2020 (with an annual average increase of 4.8%). With the realization of various investment projects, the profitability of the company promises to increase significantly. But the appeal of the roles of Petrobras lies not only in its prospects, but also in their current situation. Petrobras shares show interesting financial ratios. The company owns a 15.

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