At the end of last week, I sold my Petrobras ( $PETR4 (+0,68Â %) ) at the end of last week. Originally bought as a long-term position with a high dividend, it has risen quite a bit recently due to the conflict in the Persian Gulf. However, the rise in the share price is due to speculation about the rise in the oil price, which has little to do with Petrobras' operating business.
I assume that when the Strait of Hormuz reopens, the share price will very quickly slide back towards EUR 6. I am therefore saying goodbye to the oil casino for the time being and will buy back "my" Petrobras when the price drops and it is more about daily business again.
