In a significant development,Petróleo Brasileiro S.A. - Petrobras (PBR) is nearing a deal with Unigel to resume management of two crucial fertilizer plants located in the northeast part of Brazil. These facilities were leased to Unigel in 2019 as part of Petrobras’ divestment strategy.Under the proposed deal, PBR will manage the plants and Unigel will be hired to operate and maintain them for five years.Although Unigel has agreed the deal, the company's management is awaiting a report from the PBR's working ...

Petróleo Brasileiro S.A. - Petrobras (PBR) recently solidified its partnership with Prosafe by granting a $109.7 million contract extension for the semi-submersible vessel Safe Zephyrus until September 2027. The vessel, which secured the 954-day contract extension, will provide safety and maintenance support to Petrobras off the coast of Brazil.PBR’s Continued Collaboration With ProsafeProsafe’s initial journey with Petrobras started in 2022 after it secured a $73 million contract in Brazil to accommodate i ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the ...

Arbitration and Legal Actions - Petrobras faces arbitration proceedings initiated by Seacrest Petroleo's subsidiaries for $71 million in damages due to unfulfilled pipeline repair obligations [1] - The arbitration is filed with the International Court of Arbitration of the ICC [1] - A local court issued an injunction against Petrobras in December, limiting its ability to take action against Seacrest for refusing to pay $71.2 million in post-acquisition costs [4] Breach of Purchase Agreement - Petrobras sold its stake in the Norte Capixaba Cluster to Seacrest for $544 million in April 2023, including pipeline repair obligations [2] - Failure to complete repairs led to $71 million in damages due to production inefficiencies and discounted oil sales [3] - Seacrest requested suspension of its $71 million post-closing payment to Petrobras, due on Jan 2, 2025 [3] Petrobras Overview - Petrobras is Brazil's largest integrated energy firm, involved in exploration, production, refining, and transportation of oil, gas, and hydrocarbons [5] - The company currently holds a Zacks Rank 3 (Hold) [5] Alternative Energy Sector Stocks - GeoPark Limited (GPRK) has a Zacks Rank 1 (Strong Buy) and is expected to achieve 19.39% YoY earnings growth in 2024 [6][7] - ARC Resources Ltd (AETUF) has a Zacks Rank 2 (Buy) with an expected EPS growth rate of 50.78% for next year [6][7] - Flotek Industries (FTK) has a Zacks Rank 2 (Buy) and is projected to achieve 125% YoY earnings growth in 2024 [6][8]

Petrobras (PBR) , Brazil's state-owned integrated oil and gas company, has implemented a 7% increase in jet fuel prices, effective Jan. 1, 2025. This price adjustment affects key markets such as Betim, Guarulhos and Duque de Caxias, as well as other major aviation hubs throughout Brazil. This move highlights PBR’s ongoing efforts to align its fuel pricing with global market dynamics, including volatile oil prices and exchange rate fluctuations.Why PBR is Increasing Jet Fuel PricesPetrobras’ decision to rais ...

The Brazilian oil company Petrobras (NYSE: PBR ) has been a bit of a miss for me since my last update 1.75 years ago as it has handily outperformed the S&P 500 ( SPYProviding alpha-generating investment ideas. I am an independent investor managing my family's portfolio, primarily via a Self Managed Super Fund. You can expect my articles to deliver a clearly structured, evidence-based thesis. But first and foremost, I encourage readers to judge me on my performance.I have a generalist approach as I explore, ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Petrobras (PBR) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Petrobras currently has an average brokerage recommendation (AB ...

Petrobras S.A. (PBR) , the Brazilian state-owned energy company, has signed a Protocol of Intent with Companhia Siderúrgica Nacional (“CSN”) and CSN Inova Soluções to develop a low-carbon hydrogen plant in Brazil. The agreement, which marks the beginning of a business partnership between the companies, is aimed at building a commercially viable low-carbon hydrogen plant in Paraná, Brazil.Low-carbon hydrogen can be used for various industrial processes and as a clean fuel. It can help reduce the carbon footp ...

With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highest-quality analysis of this type of information.I initiated coverage of Petróleo Brasileiro S.A. - Petrobras (NYSE: PBR ) (NYSE: PBR.A ) here on Seeking Alpha in late May 2024 , giving the stock a "Hold" rating as it seemed cheap indeed (both on the absoluteHe leads the investing group Beyond the ...

Petrobras (PBR) , an oil and gas company of Brazil, recently announced the allocation of 16.5 billion reais ($2.8 billion) in contracts aimed at constructing 12 new platform supply vessels (“PSVs”). The contracts, awarded to Bram Offshore, a subsidiary of Edison Chouest, and Starnav Serviços Marítimos, will significantly boost PBR's offshore operations and fleet, with each company slated to charter six vessels. This move plays a crucial part in PBR’s ongoing efforts to enhance its operational efficiency, su ...