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Editorial Dept

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Why Petrobras (PBR) Could Be The World Cup’s Biggest Winner

As an Englishman living in the US, I am feeling very important at the moment. Every American I know is asking my opinion on the World Cup. Why they think I, as a native of a country with a 48 year history of ridiculously exaggerated expectations and abject failure in the world’s biggest sporting event, should have any special insight is a mystery to me, but they do.

The usual question is who I believe the winner will be. This poses a problem. I cannot, in all honesty, satisfy their own ridiculous hopes and expectations by declaring the USA as a possible winner. Not even their coach, Jurgen Klinsmann,  believes that. Nor can I give England as a possible winner with a straight face. The obvious answer, Brazil, is just that… boring and obvious, so I have taken to giving a somewhat quirky answer. When asked who will emerge victorious from the World Cup, I have taken to answering “Petrobras” (PBR).

Believe me I am all too aware that, as the above chart would suggest, Wall Street and the internet are littered with those whose careers have been killed by finding value in the state-owned Brazilian oil company. I have no wish to join their ranks, but the World Cup could provide the catalyst for a turnaround in the company’s fortunes. No, I’m not talking about floodlight use creating electricity demand or more buses and trains running, increasing oil consumption. The way in which 32 national teams kicking balls around over the next few weeks could benefit PRB is…




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