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6 pts

Opinion on  Petroleo Brasileiro S.A.Petrobras (PBR)     Sector: Energy  >  Industry: Oil & Gas - Integrated
Petrobras Will Be #1

Jun 18, 2008 03:15 PM GMT
Return Risk
-23.99% HIGH
Analyst

Petrobras has many new discoveries in the pipeline near its Tupi discovery. Oil will continue to rise thanks to Chinese consumption and the commodity will only be worth more. I am bullish on Petrobras because I think it will eventually become the second largest oil company in the world behind Saudi Aramco.

PBR:  This call was made on 06/18/08 @ $68.4
Rating:   Positive   $68.4 (06/18/08)
Gain/Loss:   -22.50% in 526 days
Target:   $120.00 (+75.44%) in Six months


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