@TechNav I stumbled across a report that gave me a lot to think about.
For example, the already meager dividends from Q2 are being financed with approx. 8bn in new debt, meaning that net debt is rising from ~68bn to ~75bn, which is also the agreed upper limit for total debt.
At the same time as the good Q2 figures in terms of production volumes and pipelines, however, there is still less left on the bottom line and the market is not exactly getting any better...if OPEC+ then continues to turn up the heat and or sanctions are lifted, things will become even more difficult for Petrobras.
That's why I've decided to cut back a little here and reallocate.
