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Brazilian Energy Gains Speed

Courtesy of www.forbes.com via Google Images.
Courtesy of www.forbes.com via Google Images.

Petrobas, Brazil’s major energy company, continues to positively progress in its goal to become a global giant. It beat second quarter profit estimates as production hit a record high. The energy giant also noted an increased demand from power plants and increased household consumption. However, as a stock, it hasn’t been that great for investors thus far in 2013. Still, Petrobas is seeing an incredible demand for its energy products and won’t be going away any time soon. It’s definitely a company for investors to keep their eyes on. For more information about Petrobras, read the full article HERE.