The ratio, on earnings (P/E) stock price amounts to 6.03, while the price to book value ratio is 1.58. Looking at the balance of the company, there is also a very good financial situation with a good structure of debt that guards the company face short-term financial difficulties (the debt to capital ratio is 33.2%, while the ratio of long-term capital debt is 25,06%, which indicates the low level of short-term liabilities). While the company has good fundamentals that currently make attractive their roles, both by their investment plans growth prospects as well as by the actions you are performing to position itself strategically in key areas, increase its appeal in the light of the significant increase than is You can expect the profits of the company in the medium and long term. The good prospects for the future which observes Petrobras come generating the interest of a famous investor whom the market seeks to imitate almost safe profit. The day on Wednesday met the tycoon of Hungarian origin, George Soros had doubled its shareholding in Petrobras, in the last quarter of 2008, through the purchase of 16 million shares of the company listed in the U.S., reaching 1.45% of participation. With this Soros acquisition happens to be the second largest shareholder of Petrobras in the U.S. stock market.
But, why Soros is shown so interested in Petrobras? Hernan Ladeuix, head of research on oil and gas at CLSA Ltd. in Singapore, seems to have the answer: oil prices have been climbing, probably with force in the coming years. Petrobras is the only major international company whose production can grow 5% per year, we are confident. But Soros not only interested in oil that has and can produce the Petrobras, but also in the potential of the oil company to become world leader in the production of alternative fuels. In relation to this, it is worth remembering that in 2007 Soros visited by Brazil.
This visit occurred not in a casual way but a few months after the Brazilian President Lula da Silva and the President of the United States.UU. George Bush closed an agreement to promote the production of biofuels on a large scale in Latin America. At that then Georges Soros announced his intention of investing about US $900 million dollars in Brazilian ethanol plants. Clearly, Soros bet on the Brazilian oil company is not a short-term bet. For those who rely on the power of technical analysis, if you look at the share price graphs, however, is that the same is recovering its growing trend, so it the action can also provide us with profits in the short term. Both in the short and in the long term, Petrobras actions appear as an interesting investment option in a mined context of red numbers. And of course, if Soros has set its eyes on this company, something it must be. Original author and source of the article.