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Petr Message Board

  • asianbusinessguru asianbusinessguru Oct 20, 2013 9:25 PM Flag

    China Inc. Battles Big Oil for Century’s Biggest Find

    See Bloomberg coverage on China bidding for partnership with PBR largest oil discovery this century.

    Sentiment: Strong Buy

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    • If you read the story carefully they were predicting up to 40 bidders will participate and only 11 signed up. Out of 11 50% stated in advance they will not even bid.
      Bottom line ... no one from "big oil" is interested in participating in brazilian horse poop. No battles and no hoopla ... pbr is going down 20 to 30% per year. 2013 will be no different.
      Invest in Brazil and lose money.

      Sentiment: Strong Sell

      • 1 Reply to jabazian
      • you talk like you have your mouth full of poop.. I suppose you do not travel around the world much.. America was never in the game NEVER EVER would a South American Country like Brazil trust these fields to America .. business is being conducted "excluding" the America fool.. sad but true.. you can only cheat lie and steal before people walk away!!!

    • China Petroleum, Total SA and Royal Dutch Shell BIG ENOUGH.. who needs American Companies to bid on the two largest deep water wells on the planet!!! I am in Asia right now and all you see is Toyota and Honda.. a Ford or Chevy here or there.. American Products not as great as America believes them to be.. and Wall Street not as big as they think they are..tAmerica is slowly becoming a 3rd World Country.. Middle Class not in Corporate America's game plan! Brazil and PBR is great buy!!!

14.70-1.76(-10.69%)Sep 29 4:00 PMEDT

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