Petrobras Now Represents A Solid Value Investment
By Caiman Valores:With continuing concern about the impact of a Chinese economic slowdown on the global economy and the flow on effect this will have on commodities, we are seeing the prices of commodity stocks pushed down. Yet it is my opinion that while this will have an impact on the revenue of basic materials providers such as Brazil based Vale (VALE), Australia based Rio Tinto (RIO) and U.S based Cliff Natural Resources (CLF), the effect on oil and gas producers will be more muted. I believe that the impact on oil prices will be less severe due to some positive signs emerging that indicate the economic outlook for the U.S and eurozone economies is improving as well as the ongoing demand for energy, which is now an essential requirement of all modern and emerging economies. We are also seeing supply-side constraints emerge for oil that will offset any dip in demandComplete Story »
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