Petroleo Brasileiro has the economies of scale investors like

January 07th, 2008 | Category: Stocks to Buy, Oil, Brazil

Readers of that space know that one argument forwarded here is that in the era of elevated energy prices oil/natural gas companies are likely to remain promising plays for the foreseeable future, baring the discovery of a cheap, widely-available, alternative energy source. And among oil/natural gas companies, Petroleo Brasileiro is worth a review.

Petroleo Brasileiro S.A. (ADR) (NYSE: PBR) is Brazil’s largest industrial operation, with oil/gas production,

refining and purchasing businesses, and oil/gas transport services.

Analysts like PBR’s proven reserves of 15 billion barrels of oil equivalent, 12,900 wells, 16 refineries, 31,000 kilometers of pipeline, and 5,870 gasoline stations.

Continue reading Petroleo Brasileiro has the economies of scale investors like

Original post by Joseph Lazzaro

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