Stock Thoughts: Petrobras Energia (PZE)
Sunday, June 8th, 2008MJ over at Dyslexic Research asked me to research Petrobras Energia Participaciones S.A. (PZE: chart, web, Y!) in return for looking over Ingersoll-Rand.
Simply stated, Petrobras Energia focuses on oil and gas exploration and production, refining and distribution, and transmission of electricity in Argentina, Bolivia, Brazil, Colombia, Ecuador, Mexico, Peru, and Venezuela.
Financial Look
Looking at Petrobras financials, they seem to have a decent set of books. Profit margin is healthy for a smaller oil and gas producer of 4.22%. While it’s very lucrative right now to be in the oil business, smaller companies like Petrobras (as compared to Exxon, Chevron, etc) are going to have …
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