Benzinga - by Surbhi Jain, .
In a recent Reddit post, user SunsetKittens shares insights on why Petrobras Brasileiro (NYSE:PBR) stock presents a compelling investment opportunity. Known for previous successful stock picks like United States Steel (NYSE:X) and Teledyne Technologies (NYSE:TDY), SunsetKittens now focuses on Petrobras, a state-owned oil company in Brazil.
The iShares Inc iShares MSCI Brazil ETF (NYSE:EWZ) offers exposure to Brazil equity markets. Petrobras stock holds second place in EWZ in terms of allocation, at 9.36% of the portfolio.
PBR Petrobras – a great Value Stockbyu/SunsetKittens instocks
Petrobras As A Value Investment
Also Read: Petrobras Reportedly Pulls Back On Dividends
Assessing Risks Under President Lula’s Administration
Lula Da SilvaMeta Platforms“Now like Zuck chasing the Metaverse Lula will be chasing green energy a tad. But will he kill the golden goose that funds his government?” Sunsetkittens said.
However, SunsetKittens remains optimistic, drawing parallels between Petrobras and successful investments like Meta. With only 30% of its oil sold internationally, Petrobras benefits from domestic price controls, ensuring stable profits even amid global market fluctuations.
Responses from the Investment Community
Commentbyu/SunsetKittens from discussion
instocks
Petrobras – A Value Proposition in Flux
Read Next: Marjorie Taylor Greene Issues Warning: ‘What’s Happening In Brazil Could Happen In America’ Amid Elon Musk’s X Account Blocking Controversy
Photo: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.