The Rising Influence of Rising Affluence

[xavierprivas]

I bought SCCO @44 and RIO @53 in September 22. I bailed out of SCCO in February at 77 as it looks overpriced to me and dividend is low.
Put that money to work in PBR.A around $9 (cheaper than PBR) and same dividend (my estimate is around 30% if Brent oil price holds up around 80 on average.
South America oil like EC or PBR pays better in dividend
From yesterday EC Q1-23 Earnings summary.
GAAP EPS ~$0.62/share
Dividend is 60% of income
I still have RIO although I thought about selling it. Look like copper pays less than oil