First Oil Flows from Brazil's Giant New Field

Latin Capital Market

Issue #6

Latin Stock Investing | May 12, 2009

Watch out! Don't dive into oil stocks today based on headlines about deep-water oil drilling. I would like to say that investing in PetroBras (NYSE:PBR) has been a winner for investors with a long term investing approach, but the at Friday's close, the stock is trading at the same point that it was before PetroBras announced the massive oil field discovery in November of 2007.
What gives?

Issue Number: 
6