Frank McGann

One of the only sectors of the market that is skyrocketing amid broad market weakness in 2022 is the energy sector. Oil, natural gas and coal prices have soared as the war in Ukraine combined with surging economic reopening demand has created an energy crisis around the world. Even after...

The Brazilian government’s sudden decision to seek a change in state-controlled oil company Petroleo Brasileiro’s (NYSE: PBR) CEO following the recent dispute over diesel prices has caused a high level of uncertainty. The Petrobras Analyst: Frank McGann downgraded Petrobras from Buy to...

All of a sudden, renewed optimism about the government stimulus package and a handful of data points suggesting the spread of COVID-19 may be slowing has the S&P 500 up 10.3% since April 1. Unfortunately, the economy and the market are not out of the woods just yet. It may be years before some...

Petroleo Brasileiro (NYSE: PBR), also known as Petrobras, was downgraded by Bank of America Merrill Lynch, Credit Suisse and Morgan Stanley Thursday after announcing that it will temporarily cut diesel prices in Brazil. Shares of the oil giant dropped 13.2 percent during pre-market trading to open...