- Petrobras (PBR -3.2%) plunges and Brazil's Ibovespa tumbles to three-week lows as a new voter poll shows Pres. Rousseff the likely winner in a potential election runoff in October.
- But would a Rousseff re-election be that bad for Petrobras? Last month, Barclays came out questioning that notion and upgraded shares to Buy, saying politics will be more in the company’s favor once Dilma wins.
- Geopolitics research firm Eurasia Group came out yesterday essentially saying another Dilma presidency wouldn’t be so bad; the latest comments from Brazil's finance minister support the group's view that the government will wait until after the election to allow PBR to adjust fuel prices, either in November or December.
Research firm says Dilma re-election wouldn’t be so bad for Petrobras
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Symbol | Last Price | % Chg |
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PBR | - | - |
Petróleo Brasileiro S.A. - Petrobras |