PBR has bitten badly..

moving PBR monies to FRO

this will probably produce a bottom itself alone...couldn't take the Brazilian brand of risk anymore...

a little history:
PBR does great... finds tons of oil, biggest find in decades - develops world's largest renewable diesel production and distribution network

then, borrows tons to build fancy deep water rigs - then the workers strike and want a cut, then the govt wants to cut in and profit share with Brazil, then oil prices drop, now credit markets are dry and PBR can't issue bonds or raise capital from loans to develop their oil finds which need very high prices to be profitable in the first place...

so when I say MISTAKE - I mean - "NOT SELLING PBR @72ish with the Brain"