With Venezula, Comlombia, and Ecuador pounding the war drum I have to think that this can not spell good news for (PBR) Petroleo Brasileiro. With Venezuela providing 10% of US oil and Correa in Ecuador teaming up with Hugo Chavez you have to imagine that Bush will jump in if things get icky.
Again I can't imagine that this will spell good news for PBR.
With this region becoming geopolitically hot and Oil consumption probablly going down. I would revise my $100 price point to $80-90.
Short PBR and watch Latin America
Showing posts with label Petroleo Brasileiro. Show all posts
Showing posts with label Petroleo Brasileiro. Show all posts
Tuesday, March 4, 2008
(PBR) Petrobras and (YHOO) the short facts
(PBR) Petrbras shorted at 118.80
(YHOO) Yahoo shorted at 29.65
(YHOO) Yahoo shorted at 29.65
Wednesday, December 5, 2007
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.
Monday, November 26, 2007
Purchased PBR (Petroleo Brasileiro) @ 95.71 - Trying to be more optimistic
Folks I looked at my long positions and saw that PBR (Petroleo Brasileiro) had lossed $10 a share or about 10% of its value in the last 5 days.
This isn't right they just found 5 billion barrels of oil and oil prices are going up. I am predicting a 10% jump over the next few days. So I am in this long term (with PBR/A) and now short term with PBR. I like this company and did before they fond the 5 billion barrels of oil that sent their stock price flaring.
Well now I have three short positions to manage great. Just to recap for the novice investor short means I am betting the stock will go down and long means I am betting the stock price will go up.
My plays for this week are:
RICK - short
PBR - long
TASR - short
This isn't right they just found 5 billion barrels of oil and oil prices are going up. I am predicting a 10% jump over the next few days. So I am in this long term (with PBR/A) and now short term with PBR. I like this company and did before they fond the 5 billion barrels of oil that sent their stock price flaring.
Well now I have three short positions to manage great. Just to recap for the novice investor short means I am betting the stock will go down and long means I am betting the stock price will go up.
My plays for this week are:
RICK - short
PBR - long
TASR - short
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