I want to be a believer in Petrobras although the word "independence" used by MEO in official ASX announcements still bothers me. Petrobras IS majority owned and can be and has been controlled by the state. Petrobras confirm this on their website as a risk factor for investors.
isn't it a criminal offence to provide false or misleading info to the market?
Independent
1 : not dependent: as a (1) : not subject to control by others : self-governing (2) : not affiliated with a larger controlling unit b (1) : not requiring or relying on something else : not contingent (2) : not looking to others for one's opinions or for guidance in conduct (3) : not bound by or committed to a political party
MEO Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held