06.10.2022 13:21
Brazil elects President: get Ready to Buy Petrobras Stock
เรียนลูกค้าและพันธมิตรที่เคารพ!
Brazil elects President: get Ready to Buy Petrobras Stock Chocolate and peanut butter are not relevant yet: in a period of political instability, you need to spend money on more reliable assets. Aggressive campaigning has spoiled the image of Petroleo Brasileiro a bit, but we recommend buying Petrobras (NYSE: PBR) shares right now.Brazil's elections move into a second round: on October 30, current far-right President Jair Bolsonaro will meet once more with far-left former President Lula da Silva. Lula's chances are still rated higher.A leftist, more socialist government would be a negative for Petrobras: the national oil company could become an instrument of government policy rather than a means of generating income for shareholders.The main risks for Petrobras are national, not international. The new government may force the Company to: sell oil at a discount compared to world prices; further reduce prices for local consumers; spend money on capital projects that will not bring serious profits.Despite the political noise that is negatively affecting the entire Brazilian stock market, Petrobras still guarantees serious cash flows and has a short-term upside potential of at least 60% from current levels.Now the price of Petrobras SA ADR is unstable but is already in the zone $14, where buying volumes are gradually accumulating. There are still three weeks to rise to more comfortable levels, from where (at the very least!) it will be possible to sell quickly if the market evaluates the results of the elections as unfavourable.Profits to yall!
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