Rousseff Impeachment May Breathe Life Into Petrobras

12 May 2016   Brazil

Petrobras’ stock has been a disaster for investors for years. Even when virtually every other oil company on the planet was seeing their stock move higher, PBR still somehow managed to sink further and further into the red as investors lamented the mismanagement of the firm and its poor business practices. All of that may be starting to change now though, with the government of Brazil in the midst of a significant reshuffle. Like socialist Brazil, Petrobras has been inefficient and ineffective for years as it has squandered its own natural advantages while suffering through a sea of poor leadership as thick as any oil sludge. The impeachment of Dilma Rousseff and her increasingly desperate and unlikely efforts to maintain her position as president Brazil, are changing the situation for Petrobras. Ironically, state giant Petrobras is where Rousseff’s fatal scandal began, and her downfall and the pressure on the […]

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