About a year ago, I decided to go full regarded and dropped my life savings into Petrobras
Fundamentals looked great…single-digit P/E ratio, absurdly high dividend yield, and literal cash printing machine trading at a foreign/political discount
Did not see a full war with Iran breaking out in February sent crude futures and global oil stocks spiraling upward.
Also, recently political momentum in Brazil moving rightward has reduced country-risk discount, sending the stock ripping even higher.
Have not sold any shares yet…it could be a classic “sell the news” scenario before political volatility hits back, or do I continue collecting FAT dividends while geopolitical tensions keep oil elevated?
Thoughts? Hold for dividend passive income or cash out and buy a lambo?