Past performance does not predict future results. Informational only, not investment advice.
Author holds Petrobras shares acquired a year ago at a discount due to geopolitical risk and low valuation. Geopolitical tensions and improving Brazilian political momentum have driven recent gains; author considers holding to collect high dividend yield or selling into strength.
Petrobras is trading at roughly half the valuation of comparable oil majors despite being one of the world's most profitable oil companies with extremely cheap pre-salt production costs (~$25/barrel). Political risk and currency noise create an unjustified discount, while a stronger Brazilian real and favorable political outcomes (whether Lula or opposition wins) both support upside.
End of results.