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Petrobras Is The Best Company To Buy Stocks In 2019, Surpassing Vale, Says JPMorgan

Written by Paulo Nogueira

Published on 23/01/2019 at 10:27

Updated on 23/01/2019 at 10:37

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Para investidores que querem entrar no boom de ações no Brasil através dos titãs de commodities Vale ou Petrobras, o JPMorgan tem algumas idéias sobre a melhor aposta.

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For Investors Looking to Enter the Stock Boom in Brazil Through Commodity Titans Vale or Petrobras, JPMorgan Has Some Ideas on the Best Bet.

The bank examined production growth, costs, capital expenditures, profitability, free cash flow, valuation, and outlook for commodities. Its conclusion: Giant Oil Company Petroleo Brasileiro SA is the most attractive option for stock pickers. While Vale SA, the world’s largest iron ore producer, benefits from higher profitability and an attractive valuation, Petrobras has a more compelling structural case, according to JPMorgan analysts Rodolfo Angele and Ricardo Rezende, in a report from January 22.

The analysts noted Petrobras’s shift to loosen its operational ties with the state over the past three years, amid the new decision by CEO Roberto Castello Branco to oust the last senior executives appointed during the Workers’ Party governments. Additionally, Castello Branco promised to increase oil production, reduce debt, and continue with the company’s divestment program.

JPMorgan also sees potential gains from asset sales and a bill in the Brazilian Congress that would allow Petrobras to sell offshore oil reserves to other drillers. The bank expects production to reach this year, boosting free cash flow and helping the company to deleverage.

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Paulo Nogueira

JPMorgan has buy recommendations for American depositary receipts of Vale and Petrobras, and prefers Petrobras’s preferred shares over ordinary shares.

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Paulo Nogueira

Eletrotécnica formado em umas das instituições de ensino técnico do país, o Instituto Federal Fluminense - IFF ( Antigo CEFET), atuei diversos anos na áreas de petróleo e gás offshore, energia e construção. Hoje com mais de 8 mil publicações em revistas e blogs online sobre o setor de energia, o foco é prover informações em tempo real do mercado de empregabilidade do Brasil, macro e micro economia e empreendedorismo. Para dúvidas, sugestões e correções, entre em contato no e-mail informe@en.clickpetroleoegas.com.br. Vale lembrar que não aceitamos currículos neste contato.

Petrobras Is The Best Company To Buy Stocks In 2019, Surpassing Vale, Says JPMorgan

For Investors Looking to Enter the Stock Boom in Brazil Through Commodity Titans Vale or Petrobras, JPMorgan Has Some Ideas on the Best Bet.

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

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Petrobras Is The Best Company To Buy Stocks In 2019, Surpassing Vale, Says JPMorgan

For Investors Looking to Enter the Stock Boom in Brazil Through Commodity Titans Vale or Petrobras, JPMorgan Has Some Ideas on the Best Bet.

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At just 14 years old, a boy creates a system without energy, using steel pipes buried in the ground, that irrigates seedlings with moisture from the air, to combat the water scarcity threatening reforestation in northern China.

Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

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