The NationCap Leaders PerformIdex includes the largest market cap company from each nation which must also be over $10B U.S. Dollars in market cap to provide investors with exposure to an index of the most highly valued public companies from each nation -- combining and diversifying the benefits of existing ETFs such as iShares MSCI EAFE (EFA), iShares MSCI Emerging Markets (EEM), and Dow Jones Global Titans (DGT).
Although Exxon Mobil (XOM) is down about 20% in the past year, it has overtaken PetroChi
"Crude oil remains deeply oversold on an intermediate-term basis, suggesting a rally sometime in the early fall," says Dennis Slothower.
The editor of Stealth Stocks looks to Petroleo Brasileiro SA (NYSE: PBR) as his latest "stock of the month." Here's his review of the Brazilian firm that is now the world's 8th-largest oil company.
"The founding of Petrobras was authorized in October 1953, with the objective of executing, on behalf of the federal government, the activities of the oil sector in Brazil.
As reported at Bloomberg.com, George Soros purchased an $811 million stake in Petroleo Brasileiro SA (PBR), (better known as Petrobras) in Q2. The Brazilian oil company is now the largest holding in his fund, amounting to 22 percent of the total $3.68 billion of stocks and American depositary receipts held by Soros Fund Management LLC. Of course, crude oil has taken a dive in the last month, helping to push Petrobras down 28 percent since his purchase and costing Soros $235 million. I guess we would all like to be in a position to lose nearly a quarter billion dollars and still be "OK". The
"In general, investors are still seeing selloffs as buying opportunities even though the majority of stocks are in a bear market. We are not sure how long this can continue.
"Our 'Crazy Investor Index' does not yet show the type of extreme fear that is typical at a bottom, so it will probably mill around in short-term ral
Readers of this space know that one argument I forward here is that in the era of elevated energy prices, oil/natural gas companies are likely to remain promising plays for the foreseeable future, barring the discovery of a cheap, widely-available, alternative energy. And among oil/natural gas companies, Petroleo Brasileiro is worth a review.
Petroleo Brasileiro SA Petrobras (NYSE: PBR) is Brazil's largest industrial operation, with oil/gas production, refining and purchasing businesses, and oil/gas transport services.
TheStreet.com's Jim Cramer says the oil powwow won't solve anything, but it will give you an opening in the stocks.
Today we learn that "dozens of world leaders and executives" are going to Saudi Arabia to find out how to lower oil prices this weekend.
Yep, there we go. Short the oil futures. They will no doubt come up with a plan that will produce much more oil and curtail its use, bringing oil down sharpl...
Ken Heebner of CGM Funds was on CNBC again this morning, and again focused on Petrobras (PBR) which we are now both saying has a chance to become the largest company (by market capitalization) in the world. Once again sugar cane ethanol gives much more bang for the buck than lousy corn ethanol, so the export market for this product should be substantial. (note the US has very high tariffs on imported ethanol to PROTECT the corn ethanol business - another in countless bright ideas coming from D.C.)
I've been adding to this position of late in small increments as it pulls back to its 50 day ...
Petrobras has many new discoveries in the pipeline near its Tupi discovery. Oil will continue to rise thanks to Chinese consumption and the commodity will only be worth more. I am bullish on Petrobras because I think it will eventually become the second largest oil company in the world behind Saudi Aramco.
I bought PBR at $67.70 on today's weakness (-5.12% drop). Oil stocks got hammered as oil fell into the $124's.
Oil will probably still correct, but look at the overall trend. In 1980, China consumed 1.694 mb/d (2.7%); in 2006 it consumed 7.445 mb/d or 8.9%. In 1980, India consumed 0.643 mb/d or 1.0% of the world's total; in 2006 it consumed 2.575 mb/d or 3.1% of the world's total. Currently existing fields worldwide are declining by 4.5% per year. This means each year the world has to bring on line the equivalent of another Nigeria plus another Indonesia, just to keep production flat.
I bought PBR at $71.13. In the last 6 mos., PBR discovered three super-giant oil fields in Brazil's offshore Santos Basin. PBR also confirmed in Jan. a major natural gas and condensate deposit in the Jupiter area. Today, S&P raised its long-term corporate credit rating on PBR to 'BBB' from 'BBB-' with a stable outlook, after removing the rating from positive watch. The ratings agency said the upgrade reflects improved operating environment in Brazil and sound fundamentals for oil prices in the medium term. PBR was hit by falling oil prices today but should recover. My stop will be around t...
Oil driller Transocean, Inc. (NYSE: RIG), whose shares have probed, but have been unable to move and stay permanently above $160 -- may have received the catalyst it needs to reach loftier price levels.
Transocean's shares jumped $8.34, ending at $155.54 after Bloomberg News reported that Petroleo Brasileiro (NYSE: PBR), Brasil's state-controlled oil company, leased about 80% percent of the world's deepest-drilling offshore rigs to explore prospects. That included the Western Hemisphere's biggest discovery in decades, the Tupi field. Further, the activity of Pe...
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