If you think this is going way way down to, say, $5, then you must short. This company is situated for the future. Internet security will only get bigger and FEYE will be there.
This is the safest bet in the large multi national energy companies. Socialism helps here, sorry conservatives. STO is backed by the government of Norway. These people have a national wealth of money saved to equal 5 years government spending. The Norwegian people are not wild bunch and very sober people. They would be one of the last nations standing in the end of the world. My money is with these people in business.
The company is backstopped by the government of Brazil, it will NOT go BK. The company PBR is limping along. Ya, they could float more shares but that would be foolish. Right now the country is snake bit and struggles to survive. The scandal, the country recession the health issues, the spending on the stupid Olympics, etc I think the price of PBR goes down another 50 cents at least..
The country has so many problems and now the mosquitoes are against them. Olympics could be a debacle with nothing works right. If the poor people want to riot the Olympics will fail. PBR going lower to new all-time lows. HOLD.
Anytime the PPS is near a 52 week low be scared. Panic. If they were to (not saying it will happen) were to reduce or eliminate dividends, well, then it is the end of the world for investors here in the short run.
The odds? Show me some charts or statistics or trend line moving averages. You have a "feeling" that the PPS will drop. Feelings are ok to invest on Under $10 from where it is at $14, would be a BIG drop. I would love to pick up a thousand shares @ $10. We'll see.
It is very hard to call a bottom, it is often said. So let me call a bottom. IF the PPS gets below the present 52 week low then it is time to buy. For the PPS to drop to $2 is not going to happen. There would have to be something really wrong(and there are plenty with PBR) for that to happen. The dead by suicide OPEC is pursuing can't last forever. These days of cheap crude will be a fond memory in, at the outside, in 2017. Another year of sub $40 crude will kill off more than OPEC wants. PBR is protected by the country of Brazil----I know, not much comfort. I also like STO---it pays a dividend and is run by a bunch of conservative Norwegians---not anything like a Brazilian. No offense Brazil.
The US banking system, for the most part, is doing fine along with the rest of the economy. The US banking system is far ahead of any EU bank---look at DB or RSB or any Italian bank, Don;t panic.