Replies to post #472 on Petroleo Brasileiro S.A. - Petrobras (PBR)

[OilStockReport]

Zacks Outlook

Despite the ongoing weakness, the current oil price environment should benefit producers, particularly those international players having attractive growth opportunities in their home markets. One such standout name is Brazil’s Petroleo Brasileiro S.A., or Petrobras (NYSE: PBR), which remains well-placed to benefit from stands to benefit from the country’s economic growth and massive pre-salt oil reserves. Additionally, we expect Petrobras’ expertise in deep-water operations, huge recent discoveries, and the growing domestic refined products market to fuel its medium-term earnings outlook.