Jim Chanos: Petrobras Is a Scheme, Not a Stock

Jim Chanos, president of Kynikos Associates, discusses the impact of Brazil's presidential elections on Petrobras stock. He notes that the stock fluctuates with the poll numbers of Dilma Rousseff and Nevis. Rousseff's past as chairwoman and the scandals surrounding Petrobras contribute to its economic struggles. Michael Levy highlights the challenges Petrobras faces due to local supply chain requirements and falling oil prices, making the stock highly sensitive to political changes.

What is the relationship between Dilma's poll numbers and Petrobras stock performance?

• Dilma's numbers down, stock down

• Dilma's numbers up, stock down

• Both go down together

• Both go up together

What does Jim Chanos refer to Petrobras as, due to its economic conditions?

• A stable investment

• A promising stock

• A risky venture

• A scheme, not a stock

What has shackled Petrobras according to the discussion?

• International trade agreements

• Local purchasing requirements

• High oil prices

• Foreign investments

How do falling oil prices affect Petrobras?

• They have no effect

• They reduce costs

• They increase profits

• They put pressure on cost management

Why is Petrobras' share price sensitive to politics?

• Due to stable economic conditions

• Because of international sanctions

• Because of political decisions affecting costs

• Due to high investor confidence