Petrobras Q3 Preview: Internal & Macroeconomic Problems To Continue In Near Term

The company has had a rough ride in the last few months, facing roadblocks in the form of various internal and macroeconomic headwinds. Petrobras is currently experiencing the crippling effects of one of the worst worker strikes in the last 20 years, while a falling domestic currency, an ongoing corruption scandal, and the recent S&P downgrade are also adding to the company's woes. Additionally, Petrobras' average realizations for both upstream and downstream segments are down drastically in 201...