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

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

Petrobras Shares Close Up 1.15% This Tuesday, 16

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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

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

Petrobras Shares Close Up 1.15% This Tuesday, 16

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

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With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

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