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home / news releases / PBR - Petrobras Q4: Doubling Down After Dividend Surprise

PBR - Petrobras Q4: Doubling Down After Dividend Surprise

Petroleo Brasileiro S.A.- Petrobras

2024-03-11 12:37:21 ET

Summary

  • Petrobras stock has sold off after disappointing earnings report and dividend announcement.
  • Despite the selloff, Petrobras offers a high yield, strong operations, and growth potential.
  • I believe now is a good time to buy Petrobras stock and see bullish prospects for oil and Brazil's economy.

Thesis Summary

Petróleo Brasileiro S.A. aka Petrobras ( PBR ) has sold off after its latest earnings report .

It would seem that investors were disappointed with the new dividend announcement and perhaps some of the newly resurfaced risks relating to Brazil’s political situation....

For further details see:

Petrobras Q4: Doubling Down After Dividend Surprise
Stock Information
Company Name: Petroleo Brasileiro S.A.- Petrobras
Stock Symbol: PBR
Market: NYSE
Website: petrobras.com.br
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