I know the Latam Substack guy recently did a podcast w/ a Brazilian oil expert who noted the private sector Brazilian oil stocks that deal with the smaller and depleted fields that a bureaucratic behemoth like Petrobras does not want to deal with can take oil out for as low as a few dollars a barrel - and you don't have all the political noise that comes with Petrobras...
This was your best writing yet mate. Well Done 🤙🏼
I linked to this piece and a couple of others on Petrobras in my links post for today: https://emergingmarketskeptic.substack.com/p/emerging-markets-week-march-18-2024
I know the Latam Substack guy recently did a podcast w/ a Brazilian oil expert who noted the private sector Brazilian oil stocks that deal with the smaller and depleted fields that a bureaucratic behemoth like Petrobras does not want to deal with can take oil out for as low as a few dollars a barrel - and you don't have all the political noise that comes with Petrobras...
Thanks Petrobro :)
8,8 Billion in the fund is huge news actually. Share Price should have reacted positively and not negative. lol.
I have PBR for some years now and am used to the volatility.
Tell that Brazilian member to invest in Turkey or Argentina. Brazil is very stable. Thanks, very cheap indeed.