Recommendation: Buy (Long-Term)
Latest Closing Price: $26.38
Market Cap: $2.66B
Revenue: $3.57B
Background: Semi-public Brazilian energy company as well as the largest company in Latin America by market cap. It is a significant oil producer with output of 2 million barrels of oil per day [wikipedia].
Recommendation: Soccer World Cup. World Olympics. With both world events coming to brazil in the next decade, we can be sure that political turmoil will keep Brazil in check as opposed to their close oil-producing neighbors including Venezuela. This is a simple buy. Brazil has a lot of light crude that is easy to process. Gas is expected to surge in 2011 and experts have already noted that it could hit $4/gallon in parts of the US [Yahoo].
Yahoo:http://finance.yahoo.com/news/Oils-surge-in-2010-paves-the-apf-1258480888.html?x=0
Disclosure: Author owns shares in PZE.
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