even in the worst case asset writedown, $PBR p/b will be 0.4 today. so much bad news baked in, reminds me when i bought $BAC at 6ish in '11
Petroleo Brasileiro S.A. - Petrobras explores for and produces oil and natural gas. The Company refines, markets, and supplies oil products. Petrobras operates oil tankers, distribution pipelines, marine, river and lake terminals, thermal power plants, fertilizer plants, and petrochemical units. The Company operates in South America and elsewhere around the world.