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PBR - Petrobras: Buying The Lula Dip Hand Over Fist
May, 15 2024 11:08 AM
Petroleo Brasileiro S.A.- Petrobras
2024-05-15 11:08:24 ET
Summary Petrobras has sold off after the CEO was reportedly ousted by President Lula, raising concerns about the company's future. Weak Q1 results and lower production levels also contributed to the stock's decline. Despite the political risk, the stock is still considered a buy due to its fair valuation and technical set-up. Political risks seem overblown and partly illogical.
Thesis Summary Petróleo Brasileiro S.A. - Petrobras ( PBR ) has sold off today after the CEO was reportedly ousted by President Lula ....
For further details see:
Petrobras: Buying The Lula Dip Hand Over Fist
Stock Information
Company Name:
Petroleo Brasileiro S.A.- Petrobras
Stock Symbol:
PBR
Market:
NYSE
Website:
petrobras.com.br
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