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  • Four Ways to Invest in Brazil's Growth  [View article]
    A good way to benefit from the success of Brazilian oil giant Petrobras (PBR) is via the American oil service companies they have contracted. These guys get paid whether or not Petrobras finds oil. Furthermore, they get bonuses on top of that based on the success of the wells they drill.

    To date, Petrobras has contracts with the following companies:

    Pride (PDE) $1.25 billion in contracts
    Diamond Offshore (DO) $2.3 billion in contracts
    Transocean (RIG) $3 billion in contracts
    Noble (NE) $4 billion in contracts

    China has signed a long term deal with PBR and has loaned them $10 billion. China has also loaned Russia $25 billion for long term oil contracts.
    Mar 27 08:24 am |Rating: +6 -2 |Link to Comment
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