torto

Petrobras: Brazilian Oil Takes One Step Closer to Nationalization

This story is totally uninformed the developments about this whole nationalization mess. There's probably going to be a new state-owned company that will license exploration in wells that haven't been auctioned yet, which means wells licensed to PBR will remain untouched (such as the recent Iara well).
This new company will be an office that will only sell exploration rights to other companies, amongst which PBR has a much more comfortable position.
One must understand the situation regarding the previous auctions and the many blocks/wells at stake in order to see the big picture here, which is not bad for PBR at all.