BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Petrobras shares continue to ascend ]]>http://www.bloggingstocks.com/2009/11/07/petrobras-shares-continue-to-ascend/http://www.bloggingstocks.com/2009/11/07/petrobras-shares-continue-to-ascend/http://www.bloggingstocks.com/2009/11/07/petrobras-shares-continue-to-ascend/#commentsFiled under: ,

It goes without saying that the investment strategy advocated here favors integrated oil companies, particularly those with a regional or product advantage. And with the aforementioned in mind, I'm reiterating my buy rating for Petroleo Brasileiro SA (PBR), also known as Petrobras, first recommended on April 22, 2009, at a price of $32.99. If you bought PBR in April, you're up an impressive 47%.

Petrobras remains on-track for 5% to 6% oil/natural gas production growth for FY2009 or about 2.54 million barrels of oil equivalent per day; longer-term, a roughly 7% to 7.5% average annual production increase is seen for 2010 to 2013.

Continue reading Petrobras shares continue to ascend

Petrobras shares continue to ascend originally appeared on BloggingStocks on Sat, 07 Nov 2009 12:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>PBRPetrobrasPetroleo BrasileiroSat, 07 Nov 2009 12:20:00 EST<![CDATA[Petrobras is progressing]]>http://www.bloggingstocks.com/2009/08/20/petrobras-is-progressing/http://www.bloggingstocks.com/2009/08/20/petrobras-is-progressing/http://www.bloggingstocks.com/2009/08/20/petrobras-is-progressing/#commentsFiled under: ,

It's goes without saying that I favor integrated oil plays, particularly those with a product or regional advantage. Therefore, I'm Reiterating my Buy rating for Petroleo Brasileiro SA (NYSE: PBR), also known as Petrobras, first recommended on April 23, 2009 at a price of $32.99. If you purchased PBR at that time, you're up a nice 30%.

Petrobras is performing better than forecast: Q2 oil/natural gas production increased 5.7%, to 2.524 million barrel per day of oil equivalent (MMbbl./day). Moreover, PBR is on track for 5-6% production growth for the year.

Continue reading Petrobras is progressing

Petrobras is progressing originally appeared on BloggingStocks on Thu, 20 Aug 2009 13:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Thu, 20 Aug 2009 13:50:00 EST