Might I ask what motivated you to take the leap of faith with Petrobrás? Was it the change of administration in the Brazilian government? I mean, Petrobrás' management did improve leaps and bounds and it's no longer a Soviet 100% controlled by the Labor Party's appointees, but it's never gonna be a serious competitive company while it's still mostly owned by the Brazilian state.
Thank you for the detailed answer. I don't know shit about the stock market though. It's just that Petrobrás' situation has been a hotly debated issue in Brazil for the last few years (and one directly tied to politics). I was just surprised to see a foreigner completely disconnected from local politics investing in it (even though I know there are countless foreign shareholders). Pretty to see you talk about this subject too, you seem like you know your shit.
Might I ask what motivated you to take the leap of faith with Petrobrás? Was it the change of administration in the Brazilian government? I mean, Petrobrás' management did improve leaps and bounds and it's no longer a Soviet 100% controlled by the Labor Party's appointees, but it's never gonna be a serious competitive company while it's still mostly owned by the Brazilian state.
Thank you for the detailed answer. I don't know shit about the stock market though. It's just that Petrobrás' situation has been a hotly debated issue in Brazil for the last few years (and one directly tied to politics). I was just surprised to see a foreigner completely disconnected from local politics investing in it (even though I know there are countless foreign shareholders). Pretty to see you talk about this subject too, you seem like you know your shit.