Petrobras: A High-Yield Energy Stock That Is Undervalued
Marijuana Stocks, Finance, & InvestingUncategorized July 25, 2023 MJ Shareholders
Stavros Georgiadis, CFA
Petroleo Brasileiro SA Petrobras (NYSE:PBR), also known as simply Petrobas, is an integrated energy company controlled by the Brazilian government.
The Rio de Janeiro-based company focuses on the exploration and production of oil and gas in Brazilian offshore fields. However, it explores and sells oil and gas not only In Brazil, but also internationally. The business segments include Exploration and Production, Refining, Transportation and Marketing and Gas and Power.
The energy company was founded in 1953 and now, after 70 years of business, its shares are very interesting to watch for two main reasons: a very high dividend yield and a very attractive valuation…
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