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Post by redwolf on Apr 16, 2008 6:13:26 GMT -6
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Post by graybeard on Apr 16, 2008 6:47:50 GMT -6
That in spite of the revealing that a big pool of deep oil has been found off Brazil. It's size is estimated at between 33 and 200 Billion barrels. Petrobras (PBR) is 60% owned by the Brazilian govt, and was reported yesterday to be uniquely qualified to extract oil deep in the ocean.
Five years ago PBR was $10, last year $70, and now $120. Wish I had bought more, and sooner. It's still recommended a Buy.
GB
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