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Petrobras

Il titolo da comprare se il petrolio va a 200$... ma ci andrà? mumble....

In the last six months, PetroBras has discovered three super-giant oil fields in Brazil's offshore Santos Basin. The company also confirmed in January a major natural gas and condensate deposit in the Jupiter area.

If estimates of 33 billion barrels in reserve from another field (Carioca-Sugar Loaf) prove correct, then this ranks as the third-largest oil field in the world after Saudi Arabia's Ghawar (66 billion barrels) and Kuwait's Greater Burgan (46 billion barrels).

This potential oil bonanza is in addition to two other new Brazil oil finds, Tupi and Jupiter. These two other fields are estimated to contain about 6 billion to 8 billion barrels each. With these estimates, Brazil may hold the world's eighth-largest conventional oil reserves. This is a paradigm-changing event. Some political pundits are already speculating that Brazil may potentially join Venezuela and Ecuador as the third South American member of OPEC. For PetroBras, it also means that these findings will significantly boost its stated reserves. More reserve assets should translate to a direct increase in the company's share price.