Emergent technology for emerging markets

TIP OF THE WEEK

Baillie Gifford's Richard Sneller identifies four of his most promising picks from emerging markets

Petrobras This is quite possibly one of the only large oil companies in the world that is set to deliver mid single-digit organic production growth over the next decade. The recent focus on its large sub-salt oil finds in the Santos basin – which are truly significant in the decades to come – may be overlooking the strong and highly profitable growth it should deliver from recently discovered fields at lower depths under its existing infrastructure. Moreover, political risks are, in an industry context – and as we have been reminded by recent events in the MENA region – pleasingly l...