u/cameronreilly · 28h ago1 prior · awaiting results
Who needs Mag7 when we have Brazilian Oil?
Petrobras is a world-class oil producer with extremely cheap pre-salt reserves ($25/barrel) and dominant refining capacity in Brazil, trading at half the valuation of comparable peers due to political noise and currency confusion. The valuation discount is unjustified; political risk cuts positively regardless of election outcome, and a stronger Brazilian real improves the company's substantial USD debt load.
At post $25.42live price unavailable