Wow - can't believe how bad this has turned. Boy did I learn a lesson. Fundamentals now firmly against and it will continue to be shorted every little hop up.
You are spot on - Brazil = incompetence across the board
It will be $0.00 in 4 weeks. %20 lost weekly rate!!!! short as much as you can !!!! you are THE WINNER!!!!
Not the biggest reserves in the world. Certainly far from the biggest in daily production. And closer to the bottom of the heap when it comes to earnings.
this sell off is insane imo
biggest oil reserves in the world treated like sheeest
Those reserves happen to be some of the most expensive in the world to exploit, and the company is selling assets to be able to go forward with the program.