jayminho

Three Reasons to Own Oil E&P Stocks

its tempting, but i see my major stock wishlist, PBR (petrobras) wil retrace to mid 30s so, thats not the entry point yet.

still, a tip for the author is, since he is a long at VALE (vale do rio doce) and well, since I am brazilian, and I had recently opportunity to talk to people really close to the civil construction industry here, they all say, SID (siderurgica nacional) and the presidential election of 2010, will have great impact (positive impact) into the civil construction area, dont matter who wins(current president allies or the opposition), they wanna boost home and infrastructure by leaps and bounds, thats where SID comes in, as a huge company with its tentacles all over the governament, and souces say, their new "ciment base" under development will be used to construct, basically, everything the governament wants.

good pick, isnt it ?

lets wait and see.