Where there's no value, price shouldn't be going higherWe keep seeing activity on this kind of stock. Very unfortunate for Petrobras being involved on this massive corruption scandal created by the last administration, in fact, I liked to call it as I've coined before, "One of the biggest heist of all times". Sometimes we caught myself thinking about this. Who knew everything started far back there with some bribes for selling cardboard shipping boxes for the domestic post service.
This is a clear example to remind us all of things that doesn't make sense in finance and in the Financial Market as a whole. No expert analysis could help either nor different approaches to interpret such moves that occusionally happen. Petrobras is clearly a dying with a very old and unsustainable model which would be feasible only in case the barrel jumped to above $150 again and markup it's believed to be much higher than that. But as one said once, "where's hope there's always a chance". I really wish good prosperous and better times Co. but that is not up to me. Good Luck for all the holders out there.
