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Thread: Petrobras (PBR) to Soar

  1. Default Petrobras (PBR) to Soar

    Oil companies profit numbers have been down year to date though in my opinion that is no reason to be hesitant to invest in oil. I still think oil is heading to $100 and I am upping my 12-month target for Brazilian oil giant, Petrobras (PBR).

  2. Default

    I originally bought into PBR in January 2009 at around $25 a share. In April I wrote an article on Stocks on Wall Street recommending to buy PBR saying “Overall PBR is a steal of a stock, I loved it at $24 its an insult at $35. This stock will jump and move fast.

  3. #3
    Brianwet Guest


    Expect mid $50s come end of the year.” Even after PBR’s 4% drop on Friday the stock is currently trading at $51.33 so it was time I reevaluated the company and look into whether it still has growth potential.

  4. Default

    I can see nothing wrong with PBR and believe there growth prospects are stronger than ever and that the stock will continue to soar in 2010 and beyond.

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