Who is Willbros Group (wg)

Its been in our portfolio for a while and it has produced +95% gain this year. Heres the company bio:

Willbros Group, Inc. (Willbros) is an independent international contractor serving the oil, gas and power industries and government entities worldwide. Willbros operates its business in two segments: the United States and Canada (United States & Canada) and all other countries outside of the United States and Canada (International). It provides engineering; construction; engineering, procurement and construction (EPC), and specialty services to industry and governmental entities worldwide, specializing in pipelines and associated facilities for onshore, coastal and offshore locations. The Company is also involved in asset development, ownership and operations as an extension of its portfolio of industry services. In June 2006, the Company announced its decision to sell its assets and operations in Nigeria, and on February 7, 2007, it sold its Nigeria operations through a share purchase agreement. In October 2006, it completed the sale of its interests in Venezuela.

Oil looks higher and Brazil getting hot!

Oil looks higher today. Opec decided not to increase output great for those of you in PBR, PBR-A, or any of our oil picks. The other good news is that Brazil is getting mentioned almost as much as the iPod this year. As far as growth markets go, many stock analyst are saying Brazil is the way to go. Let not forget the PBR is the STATE owned and operated oil company. Lets also not forget they found 5 billion barrels of oil. Now they have to dig for it and if they do it will be a record drill. You couldn't ask for a better story line - its a definite Hollywood ending that Wall Street will reward PBR for for.