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$34.20 -2.52 (-6.86%)
10/6/2008 4:01 PM

Petroleo Brasileiro S.A. (ADR) (PBR)

CAPS Rating:
*****

The national oil company of Brazil and directly or through its subsidiaries is engaged in the exploration, production, refining, distribution, import, export, marketing and transportation of hydrocarbons and oil products.

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Avatar dietvanillacoke (30.37) Submitted: 5/16/08 11:42 AM : Outperform Start Price: $69.81 PBR Score: -24.85

I'm wary of investing in any state run companies since they tend to be run inefficiently, but this seems to be a safe play. Plus, they've locked up almost all the deep water rigs for the next few years; if oil prices stay high and the rigs output is successful, PBR should have a competitive advantage.

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