PBR is a !@#$% up company. who cares about their investments or oil findings or anything else as long as Brazilian Government is milking every drop of profit from the company. Just look at the price chart for the last whatever years. PBR investors are losers. Big time!!!!!
As in any stock, that depends on your entry point. If you can buy low and wait for it to rise again, there's plenty to be made. This is a multi-billion dollar company and the world needs oil. PBR did all the right things by keeping its dividend low while searching for new oil. It has now paid off and if you can wait until 2013 instead of wanting to make a quick buck the shareholders who are in at this price will be rewarded handsomely. If you got in when the stock was higher, no worries. It will rebound to new highs with the problems in Iran cutting off oil to other countries. Iran's shooting themselves in the foot and PBR can now supply any shortages out there. Just one opinion here so I am sure the shorts will come out of the woodwork.
The best part about your comment is according to Wikinvest, PBR has the potential of becoming a major net exporter of oil due to the Chinese energy companies and Chinese banks agreeing to finance the developement of PBR's offshore oil fields. In exchange China gets guaranteed supplies of oil once the fields are developed.