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Will Brazil's President 'Kill The Golden Goose That Funds His Government?': Redditor Argues Petrobras Stock Offers Great Value

Published 10/04/2024, 20:14
Updated 10/04/2024, 21:40
© Reuters.  Will Brazil's President 'Kill The Golden Goose That Funds His Government?': Redditor Argues Petrobras Stock Offers Great Value

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 Stock

byu/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

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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.

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