VSD

Petrobras: Set to Become a Global Oil Major - Barron's

Petrobras is a govt. owned company under control of a left leaning govt. It is not Saudi Aramco. But that is besides the point.

Oil find by Petrobras will cost $40-50 to extract. The bigger reserves are under salt layers which noone knows how to drill. Wait for the environmental groups to study this and they will be all over this.

Petrobras: Extremely Overvalued

You may also want to mention that the oil is at a depth of 12500 ft. 10K ft of water and 2500 ft of hard salt. The oil is sour not sweet and exists at 400F which will be a challenge to extract and transport.