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Why one investor is actually bullish on Brazil’s troubled state oil giant Petrobras

“Brazil’s state-owned oil company Petrobras has been linked to the country’s endemic corruption in recent years” writes unknown author for cnbc.com. Bradshaw added that Petrobras “is a tool partly of public policy,” and “when you’re investing in Petrobras you’re also investing in the Brazilian state.”. Given that Petrobras is a majority state-owned company, both carry a similar amount of risk.Bradshaw was positive about how the company was dealing with its liquidity, debt swaps and long-term issue, adding that in the future, Petrobras’ break even oil price was in the low 50s.
 
Source: cnbc.com



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