PBR - MASSIVLEY UNDERVALUED - SELLING IS EXHAUSTED - ACCUMULATE

Long

PETROLEO BRASILEIRO SA PETROBR (NYSE:PBR)

NYSE:PBR PETROLEO BRASILEIRO SA PETROBR

Petrobas is the Exxon Mobile of Latin America and although has political corruption , saddling debt , and hurt from falling oil prices...this stock is undervalued and historically oversold.

Expect a dramatic rip to the upside on any news of Brazil cleaning up their political machine and oil extending its rebound.

Valuation Measures ( Source Yahoo Finance )
Market Cap - 36.07B
Enterprise Value -135.83B
Revenue -79.74B

This stock , like most of these beaten down energy stocks , should be accumulated on pullbacks.

I believe $5 is strong support and have been buying at that level. I will be trimming on any move to the 10 dollar level and will then update my strategy on this position.

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