Petrobras: Lula Is No Fool [Seeking Alpha]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
Company Research
Source: Seeking Alpha
Rodrigo Paiva/Getty Images NewsThe election of a seasoned politician Luiz Inácio Lula da Silva better known as Lula for a President of a couple of months ago made the market panic and pushed the share price ofthe ian oil major Petrobras (NYSE:PBR)(PBR.A) to unimaginably low levels. There are some valid new concerns about the companyâ??s ability to create shareholder value in the near term since the potential dividend cut along with the increase in capital expenditures could make the investment in the company less attractive than before. However, thereâ??s a case to be made that thanks to the latest geopolitical developments the company would nevertheless be able to benefit from the relatively high oil prices, which would outweigh all the major risks that could materialize under a new ian administration, and is the main reason why Iâ??ve recently opened a long position in the company.Domestic Policy Meets GeopoliticsSince the ian government has a majority ownership in Petrobras, the
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News
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- Brazil's Lula says situation at Petrobras is 'calm' [Yahoo! Finance]Yahoo! Finance
- Brazil's Fiscal Woes Ramp Up Pressure on Lula's Finance Chief [BNN Bloomberg (Canada)]BNN Bloomberg