This segment is from Thursday's edition of 'Digging for Value', in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.
It's been a wild ride for investors in Petrobras (NYSE: PBR ) . The state run oil company of Brazil still spends a lot of time answering to the government. Hopefully, though, meaningful growth is upon the horizon. With the help of companies like Royal Dutch Shell (NYSE: RDS-A ) and Total SA (NYSE: TOT ) , the company is aiming to raise production 160% by the end of the decade. If this holds true, companies that have built close relationships with Petrobras, like FMC Technologies (NYSE: FTI ) could be in for a big payday, given PBR's plans to spend $237 billion on its expansion plans.
In the following video, Motley Fool analyst Taylor Muckerman, walks us through a couple of key dates on the timeline that investors should be cognizant of. Tune in below.
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