“3 Positive Asymmetric Buys From The Bets Quadrant...”
PBR fundamentals improved and stock rose, but speaker would not buy it now.
Everything that was negative for Petrobras has now become positive. They reduced their debt levels and increased their profitability. Everything looks better. Investments, profitability, higher-cost drilling operations, offshore operations – everything looks better and the stock is rising strongly.
We discussed this a year ago and how it was a buying opportunity based on dividend payouts, with both risks and positive rewards. This is what we are looking for now. At this moment, and in this environment, it is still possible for him to perform well, but it is not a bet I would make anymore . It's not a gamble, it's an investment in value.