Deep Fucking Value $PBR. I like the stockSubmitted by Wide-Comparison4318 t3_z324xx in wallstreetbets
Ancient_Implement_30 t1_ixnoxuy wrote
Reply to comment by serious_brain_damage in Deep Fucking Value $PBR. I like the stock by Wide-Comparison4318
I’m shorting oil.. for many reasons.
I was buying oil back in 2020. If you are king oil stocks, which are at all time highs, i think you will lose.
But hey, let’s see how it plays out.
Wide-Comparison4318 OP t1_ixoh80s wrote
Word, let’s see how this ends. I’m not selling
Ancient_Implement_30 t1_ixwubuv wrote
“Shale was thought of as a swing producer, the Saudis and OPEC have waited this out. Now, really OPEC is back in the driver’s seat where they are the swing producer,” Hess Corp CEO John Hess said at a conference in Miami last week.
The executive believes that U.S. crude oil production will average 13 million bpd over the next few years, where it will plateau, as investors pressure U.S. oil companies to focus on returning money to shareholders instead of investing in aggressive growth strategies
Ancient_Implement_30 t1_ixwuf25 wrote
Just in case any of you are invested in companies focused on shale..
I know PBR is not. When i was doing work for them, it was all deep sea oil
Wide-Comparison4318 OP t1_ixxci78 wrote
You worked for Petrobras?
Ancient_Implement_30 t1_ixxctqc wrote
No. I worked for a company called FMC technologies. We sold the trees to Petrobras. They were set for deep waters.
Wide-Comparison4318 OP t1_ixxd605 wrote
Looking forward to seeing how they perform across time. The dividend is worth it.
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