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.