The present earnings don't seem to justify the present stock price. The future looks great - but who will own the company in the future? Brazil's populous movement could eliminate or reduce present shareholders rights in the future. These opinions may not be correct. I am interested in taking a position in the stock, but I am worried about these aspects. All comments will be appreciated.
Some major stake holders have sold. Both my managed accout and IRA had held PRB. I'm not sure what they know, but you may want to hold off until the investment players are back to their desks after the holidays.
Given to what happened recently to foreign oil interests in Venezuela along with consideration of Brazil's economic and currency history of having bouts of severe recession and hyperinflation it's not inconceivable of a less-than-optimum outcome for shareholders. Also at times, when Brazil enacted restrictions on its currency, foreign shareholders haven't received dividend payments in a timely manner. A certain risk does comes with returns.