Oil: Petrobras Announces Sale of Its Stake in Two Concessions in the Potiguar Basin, on the Equatorial Margin

Written by Roberta Souza

Published on 17/08/2022 at 20:01

Foto: reprodução unsplash.com

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The Sale Of Petrobras Will Be Of Approximately 40% Of Its Participations In The Oil Exploration Block On The Equatorial Margin

Petrobras (PETR3 PETR4) announced on Tuesday, 16, that it has begun the sale of 40% of its stake in two concessions in deep waters of the Potiguar Basin, in the so-called Equatorial Margin, which has attracted interest from the oil sector due to its proximity to discoveries in Guyana.

Petrobras also stated that it holds 100% ownership in the concessions BM-POT-17 – where the Discovery Evaluation Plan of the Pitu oil well is extended – and POT-M-762_R15, and that it will continue as the operator of the partnership after selling its stake in the oil exploration block. In the region, Petrobras reported that it has a firm commitment to drill an exploratory oil well, the Pitu Oeste well, scheduled for the year 2023. In addition to this oil well, Petrobras plans to drill the Anhangá well (Anhangá Exploratory Opportunity) between 2023 and 2024.

The oil company also stated that the demand for partnerships in these oil assets “goes hand in hand with Petrobras’ portfolio management strategy and the improvement of capital allocation, aiming for value maximization and greater returns to society.”

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Petrobras (PETR4) Investors After Dividend Payments Earned About 28%, And Analysts State More Dividends Are Coming

Those who invested in Petrobras shares (PETR3; PETR4) immediately after the announcement of R$ 87 billion in dividend payments gained more than 27%, according to data from the Economatica/TC survey, following a request from Money Times.

Between July 28, the date of the announcement, and August 11, the last day to participate in the “dividend train,” the ordinary shares of the oil distributor, PETR3, had a profit margin of 24.43%, already including the dividends.

In the same period, Petrobras’ preferred shares, PETR4, provided the oil and gas market with a margin of 27.96%, according to the survey.

Petrobras announced a dividend payment of R$ 6.73 per share, with the first installment paid on August 31 and the second to be paid on September 20 of this year, 2022. Since last Friday, the 12th, the shares have been trading as “ex-dividends.”

Furthermore, according to analysts, more Petrobras dividends are on the way. This is what Mirae Asset and Pedro Galdi suggest, stating that Petrobras’ share price remains attractive compared to its international peers.

The analysts also emphasize that the company should continue distributing an “excellent level of dividends” in the next two quarters of 2022.

According to Reuters, eight investment brokerages recommend distributing Petrobras assets, with an average target price of R$ 39.06. Three other brokerages indicate to hold the shares.

Petrobras Shares Close Up 1.15% This Tuesday, 16

Petrobras shares closed up this Tuesday, 16, on B3, the Brazilian Stock Exchange. Petrobras’ preferred shares (PETR4), which have a prevalence in dividend distribution, increased by 0.91% to R$ 32.01. The ordinary shares (PETR3), which have voting rights at meetings, rose by 1.15% to R$ 35.16.

The price change occurred on the same day that Ibovespa, the main index of the Brazilian Stock Exchange, had a variation of +0.43%, closing at 113,512.38 points.

Still in the economic scenario, the commercial dollar closed today, 17, with a variation of +0.96% against the real, quoted at R$ 5.141 for sale.

Oil: Petrobras Announces Sale of Its Stake in Two Concessions in the Potiguar Basin, on the Equatorial Margin

The Sale Of Petrobras Will Be Of Approximately 40% Of Its Participations In The Oil Exploration Block On The Equatorial Margin

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Oil: Petrobras Announces Sale of Its Stake in Two Concessions in the Potiguar Basin, on the Equatorial Margin

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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

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