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....
Read the full article on Seeking Alpha
For further details see:
Petrobras Q4: Doubling Down After Dividend Surprise