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Opinion on  Petroleo Brasileiro S.A.Petrobras (PBR)     Sector: Energy  >  Industry: Oil & Gas - Integrated
PBR not just for breakfast anymore

Sep 24, 2008 06:37 PM GMT
Cute596
M K
Return Risk
-10.92% LOW
Associate

Petrobras has new discoveries and with the value of the dollar shrinking and the world supply of oil becoming more and more tight over the coming months coupled with the fear that the largest fields are in a steep decline that we will see oil around $200 in a year.  When these things happen PBR will be strong and probably hit around $90.

 


PBR:  This call was made on 09/24/08 @ $45.98
Rating:   Positive   $45.98 (09/24/08)
Closed:   10/05/2008 @ $32.81 (-28.64% in 11 days)
Target:   $90.00 (+95.74%) in > one year


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M K previously rated PBR
Negative -106.50% Bearish on PBR ...
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