Petrobras Anticipates Rapid Growth from Offshore Brazil Discoveries [View article]
While I also believe that Brazil is the next "Saudi" find, Petrobras is a Brazilian Government entity. If profits are too high (according to the government) the excess profits will be drained off.
Where will that leave the shareholders of this equity??
Be sure to own it on the way up during the momentum push, but don't be around when the Government wants their share.
Petrobras Anticipates Rapid Growth from Offshore Brazil Discoveries [View article]
Where will that leave the shareholders of this equity??
Be sure to own it on the way up during the momentum push, but don't be around when the Government wants their share.