Seeking Alpha

Petrobras (PBR) reports an "important" new oil discovery in the ultra-deepwater Sergipe-Alagoas...

Petrobras (PBR) reports an "important" new oil discovery in the ultra-deepwater Sergipe-Alagoas basin off Brazil, marking its fourth find in the prolific play this year. PBR does not provide an estimate of the reserve's production potential but says pressure tests of the reservoir indicate it contains light oil.
Comments (1)
  • petroglyph
    , contributor
    Comments (35) | Send Message
     
    Big new wells are hard to get excited about while Brazil continues it's policy of forcing PBR (and it's shareholders) to subsidize fuel prices for Brazilians. You can't own this long term till that stops.
    5 Dec 2012, 09:40 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|