Petrobras: Set to Become a Global Oil Major - Barron's [View article]
Arguing that it will take many years and be much more expensive to extract the oil that PBR has rights to should not prevent you from investing in PBR because by the time the new oil hits the market the price of crude will probably be meaninfully higher than it is today. Thus, they will still make good money with an exceptable ROI.
If you think crude will be worth less several years from now than tell please expain your thesis to me because I don't get it.
Petrobras: Set to Become a Global Oil Major - Barron's [View article]
If you think crude will be worth less several years from now than tell please expain your thesis to me because I don't get it.