Vibra Energia SA Q3 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Thiago Callegari L. Duarte - Banco BTG Pactual S.A., Research Division - Analyst : Let me go back to the discussion raised by Andre related to Petrobras commercial policies. You've brought some relevant information regarding this replenishment margin. Apparently, you're not finding it difficult to do that in resales regardless of the source. But doesn't that give you an opportunity in share? Because of this differentiation that you are getting in your ability to work on the trading, I believe that with this tighter window of imports, tighter in terms of margin, I think that this differentiation in terms of the source should be a competitive advantage in your prices to the end consumers. And my second question, we've already said what is the cruise ship speed of the business, but I would like to say, talk about the opportunities in gas. You've already mentioned what are the pillars of this transformation and the company position in energy transition. We've seen significant movements in renewable energy and biofuel. So maybe we need to understand what is the expectations of positioning of the company in the gas market? I would like you to elaborate on that because we've seen significant openings in terms of distribution in the gas market. Do you believe that those opportunities of cars now, we've already seen the sales of Gaspetro, for example. Would it make sense for us to see the company positioned in other links of this chain, maybe on ports, BTNs?