Just added small (10k shares) to my position @ 1.60 ..
View is that the TCU mess overnight is overblown and the original five will remain exempt.
On top of that, I believe if the TCU does block the other assets which are in progress.. this will effectively delay the entire divestment program and then makes the karoon deal much more important($1.5b + capex).
Todays price action is ugly, breaking down below 200 day, stop losses etc. But ultimately it is good to get rid of leveraged buyers.
This is a great time to add with three big catalysts ahead.
1. TCU tomorrow(thurs our time).
2. STJ result (waiting for TCU decision? )
3. TRF5 on 23rd March -> karoons evidence is in. Petrobras evidence is in. I think we have a strong chance here.
On top of that we have several Injuction overturns in petrobras favour - all of these assets were disposed of in the same manner -> therefore this should create a precedent. On top of that I believe there will be huge political pressure.
My 2 cents.
Goodluck,
PB
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Last
$1.47 |
Change
-0.040(2.65%) |
Mkt cap ! $1.179B |
Open | High | Low | Value | Volume |
$1.52 | $1.53 | $1.47 | $10.74M | 7.225M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15772 | $1.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.48 | 3390 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 682 | 1.465 |
2 | 800 | 1.460 |
1 | 4467 | 1.455 |
8 | 24489 | 1.450 |
2 | 3468 | 1.445 |
Price($) | Vol. | No. |
---|---|---|
1.500 | 3500 | 1 |
1.510 | 2000 | 1 |
1.520 | 38499 | 3 |
1.530 | 7288 | 1 |
1.535 | 20000 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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