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Iridium
Jul 22, 2015 1:51 PM
PetroBras Long Term View
NYSE:PBR
1W
Petroleo Brasileiro S.A.- Petrobras
NYSE
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Jul 22, 2015 1:51 PM
A lower real could very well be a tail wind reducing underlying domestic operating costs increasing petrobras bottom line. A strong dollar will be a boost as international producers continue to dump crude on the open market given oil is priced in $.
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