Dilma is up for reelection. She publicly states she will not import inflation with a gas price hike. Inflation in Brazil is popping over the six percent mark. Analysts say PBR needs a 20% price hike and that will not happen as riots break out. Over a five cent. Bus ticket increase, so...no major price hike until after election late next year and shareholders continue to be punished. Sub 10 soon as Brazil credit to be downgraded as well Jan next year.
Ah yes..the old palmtreeview. You've been predicting sub $10.00 for three years? Where have you been? Like I said...the stock goes down and the roaches crawl out from under the dumpster. No offense, but we all know about PBR and the government....nothing you day is new. It is however, repetitive and old.
Do you really believe this is the case? I know PBR has been beaten into the ground, but rightfully so. The government has really made it impossible for this company to right the ship. How can a publicly traded company prosper and make the right decisions for the shareholders and and their business, when the government keeps their foot on their throat.
I know the company has promise, but the debt is massive and they don't have the capabilities to extract the oil.
What are your thoughts, honestly?
that's why you just trade this stock......(looking to get in after it drops a little more tomorrow.....say another 50cents lower)
just look at a decent technical chart the past 3 months........
these press release on gas prices come out every month or two (also predictable)......and the stock slides
I believe she''ll sign, but Brazil is Brazil. This is the change you take when in investing in a Socialist country controlled by the government. My cost basis is $21.00....it is what it is.