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Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Wednesday, May 15, 2024

Petroleo Brasileiro 1 Quarter 2024 Earnings


Petroleo Brasileiro or Petrobras reported its Q1 2024 earnings yesterday.

Net profit was 3.239 billion USD for 1st Quarter 2024, compared with 9.652 billion USD for 1st Quarter 2023. Petroleo Brasileiro's stock price open today with near 10 % fall, paring after that the decline.

Petrobras is also a dividend play. Yesterday, there weren't any major dividends' changes announcements. Which turns the attention to Petrobras' underlying main business are of deep sea oil production.

Petroleo Brasileiro is undervalued, according to Wolfteam Ltd.'s projections and estimates.

Petroleo Brasileiro's intrinsic values is around double + 10 % its current market capitalization of 100.00 billion USD, in Wolfteam Ltd.'s view.


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