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Petróleo Brasileiro S.A. - Petrobra Message Board

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  • skinz4q skinz4q Aug 13, 2008 12:57 PM Flag

    Did I miss the boat at $50??

    When you consider how far PBR has come down from the recent high at around 77, I'd say that this is a good place to start doing some buying. I'm not saying that it's headed back to 77 in the very near term, but 60 would seem to be an easy target from here. Over the next couple of years, 77 and beyond seems likely given the overall outlook for the company and the Brasilian economy as a whole. Likewise, I'd do some buying of euro/dollars at around 1.42 with a 2-year target of around 1.80 (make that 2.00 if McCain gets elected.)

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