Petrobras drops 20% in 2 weeks on Brazil/US election fallout; thesis intact per consensus

Petrobras shares fell over 20% in two weeks following elections in Brazil and the US, reflecting investor concerns over potential policy shifts. Despite the drop, consensus maintains strong cash generation, high dividends, and discounted valuation, suggesting the selloff may be overdone. The key uncertainty is whether new political dynamics will alter Petrobras' pricing or dividend policies.

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