Replies to post #9410 on The Rising Influence of Rising Affluence

[DewDiligence]

PBR can't possibly go out of business, but its private shareholders can :- )

[oldberkeley]

PBR debt is basically Brazilian national debt: Dilma ensured her re-election by deliberately incurring that debt.

Dew has been saying for years that sooner or later the government will simply drop the charade and nationalize the company. Perhaps, but I don't think so.

Oil will rebound. Buying PBR at a decades-low price for a 5-year hold is hard to resist.