simonmayer My Thesis Update I initiated coverage of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) here on Seeking Alpha about 3 months ago, giving the stock a "Hold" rating as it seemed cheap indeed (both on absolute and comparative basis), but I feared that the firing of the former CEO Jean Paul Prates could significantly increase risks, especially concerning the shareholder return policies. So far, those risks haven't materialized, and the stock is doing quite well actually, being almost in line wit ...