DailyMarkets.com - Oil Giant Petrobras: Gloomy Outlook Or Buying Opportunity? |
| Oil Giant Petrobras: Gloomy Outlook Or Buying Opportunity? Posted: 10 Oct 2010 07:01 AM PDT A little too much publicity is a bad thing. Testimony of the fact is the Brazilian state oil company Petrobras (NYSE:PBR) that had managed to raise $70bn (£44.7bn) in the world’s largest public share offering. After all the build up to the IPO, while the frenzy and the euphoria slowly faded, investors as well as traders have been looking at the organization’s future plans and prospects ever so keenly ever since. Petroleo Brasileiro SA fell to the lowest price since March 2009, extending … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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