67 The Fire - - W I P i T 1 1 l F H simonmayer My Thesis Update I initiated overage of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) here on Seeking Alpha about 3 months ago, giving the stock a "Hold" rating as it secmed cheap indeed (both on absolute and comparative basis), but I feared that the firing of the former CEO Jean Paul Prates could significantly incease risks, especially concerning the shareholder retum policies. So far, those risks havert materialized, and the stock is doing quite well actual ...