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6 pts

Opinion on  Petroleo Brasileiro S.A.Petrobras (PBR)     Sector: Energy  >  Industry: Oil & Gas - Integrated
PBR - Triple Top Breakout with crude above 100

Feb 27, 2008 01:21 AM GMT
Return Risk
+5.85% MID
Associate

Fundamental Analysis   Technical Analysis  

Long PBR @ 122
STOP @ 116
1st Target @ 150+
2nd 200+

With crude above 100 now, look for momentum to continue in favorable energy names.  PBR is a top pick playing growth in Latin America and energy.  Technically, PBR is forming a triple top breakout. Typically, these patterns can be explosive to the upside.


Pbr


PBR:  This call was made on 02/27/08 @ $30.31
Rating:   Positive   $30.31 (02/27/08)
Closed:   04/03/2008 @ $27.53 (-9.17% in 36 days)
Target:   $38.75 (+27.85%) in Six months


Comments (3)

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Big Daddy   N/A     0 point   commented 431 days ago reply

I had this stock when it was $19 a share. It's split twice and run up multiple times since then. Woulda had $250k+ if I'd held on to it. Dooh! They have nice reserves, especially oil field discovered last year. Oil will only increase in price as people realize that it is a finite resource that is way over developed.
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Big Daddy   N/A     0 point   commented 431 days ago reply

I had this stock when it was $19 a share. It's split twice and run up multiple times since then. Woulda had $250k+ if I'd held on to it. Dooh! They have nice reserves, especially oil field discovered last year. Oil will only increase in price as people realize that it is a finite resource that is way over developed.
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Big Daddy   N/A     0 point   commented 431 days ago reply

I had this stock when it was $19 a share. It's split twice and run up multiple times since then. Woulda had $250k+ if I'd held on to it. Dooh! They have nice reserves, especially oil field discovered last year. Oil will only increase in price as people realize that it is a finite resource that is way over developed.

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