Petrobras (PETR4): What Happens to Stocks After ‘The Most Important Day of the Year’?

Written by Paulo Nogueira

Published on 28/11/2023 at 16:56

A Petrobras (PETR4) chegou a acalmar recentemente o ânimo dos investidores quanto ao novo plano estratégico divulgado para os próximos cinco anos,

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Petrobras (PETR4) Recently Surprised Investors Positively By Presenting A New Strategic Plan For The Next Five Years, Bringing More Confidence To The Market Regarding The Company. Expectations Were Surpassed With The Measures Adopted, Demonstrating A Promising Scenario For The Company.

The Company Petrobras (PETR4) Recently Presented Its New Strategic Plan For The Next Five Years, Considered By Genial Investimentos As One Of The Most Important Moments Of The Year For The Company. However, Analysts At Genial Are Still Hesitant Regarding The Buy Recommendation.

In A Meeting Of The Board Of Directors Held On September 23, Petrobras Approved The Strategic Plan (PE) 2024-2028, Establishing A Projected Investment Of US$ 102 Billion Over The Next Five Years. This Is The First PE Released Under The Lula Government. The Projected Capex Exceeds By 31% The Estimated Value In The Previous Plan Due To New Projects And Assets That Were In The Divestment Queue And Were Resumed For The Investment Portfolio.

Genial Investimentos Highlights That US$ 11 Billion Of Investments Are Allocated For Potential Acquisitions In The Renewable Energies, Refining, And Petrochemical Sectors. Additionally, There Is Uncertainty Regarding The Acquisition Of Renewables According To The Terms Presented By The Company.

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In The Production Area, The Company Intends To Invest In 14 New FPSOs To Achieve A Daily Oil And Gas Production Of 3.2 Million Barrels. Genial Emphasizes That Despite The Productivity Of The Pre-Salt Fields, The Decline Rates Of Other Fields May Limit Surprises In Overall Production. However, There Is The Possibility Of A Successful Exploration Campaign In The Equatorial Margin Fields, Which Could Generate Surprising Productions For 2028 And Beyond.

There Is Concern In The Market About The Impact Of Petrobras’ New Investment Plan On The Company’s Dividends, But Analysts Assess That The PE Did Not Bring Major Negative Surprises And That Dividends Should Remain At Elevated Levels.

Petrobras Is Not A Unanimous Buy Recommendation For All Firms. While Genial Maintains The “Hold” Investment Recommendation, Goldman Sachs Reinforced The Buy Recommendation. UBS BB Also Reiterated The Buy Recommendation And Increased The Stock’s Target Price.

Based On This Information, Petrobras’ Strategy Should Provide Lower Returns To Shareholders In The Future, Although Positive Surprises May Translate Into Higher Free Cash Flows And Dividends.

Source: MoneyTimes

Petrobras (PETR4): What Happens to Stocks After ‘The Most Important Day of the Year’?

Petrobras (PETR4) Recently Surprised Investors Positively By Presenting A New Strategic Plan For The Next Five Years, Bringing More Confidence To The Market Regarding The Company. Expectations Were Surpassed With The Measures Adopted, Demonstrating A Promising Scenario For The Company.

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Petrobras (PETR4): What Happens to Stocks After ‘The Most Important Day of the Year’?

Petrobras (PETR4) Recently Surprised Investors Positively By Presenting A New Strategic Plan For The Next Five Years, Bringing More Confidence To The Market Regarding The Company. Expectations Were Surpassed With The Measures Adopted, Demonstrating A Promising Scenario For The Company.

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

The United Kingdom removed approximately 1.8 million cubic meters of sand from the seabed and is depositing it all on 6 kilometers of beaches in Norfolk, in a mega-operation to curb erosion, protect coastal villages, and shield a vital gas terminal against the encroaching Atlantic.

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