After Petrobras' earnings recovered from the fallout of the Car Wash scandal and the precipitous drop in oil prices, PBR is appears significantly overvalued vs. its peers. A Short Opportunity seems to present itself.
DISCLAIMER: I own no positions in PBR at the time of publishing this Idea. The above does not constitute a recommendation, and any actions you might take after reading this are your own responsibility.
DISCLAIMER: I own no positions in PBR at the time of publishing this Idea. The above does not constitute a recommendation, and any actions you might take after reading this are your own responsibility.