4 Energy Stock Stories To Kick Off the Trading Week

Petrobras – Petroleo Brasileiro (NYSE:PBR): Closing price $16.65

Several knowledgeable sources report that Petrobras intends to exit Peru, as the quite overextended state-run company divests assets outside of Brazil so as to focus on its domestic market. On a worldwide basis, the firm is said to expect to generate roughly $9 billion from its asset sale program, which is being conducted to help fund the development of huge offshore reserves in the country. Three sources say that Petrobras has already shopped some of its Peruvian assets to potential buyers.

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