Contrarian Stock Market Investing News - Featuring Bargain Stocks

Sunday, November 23rd, 2008

Posts Tagged ‘ Carioca ’

Billionaire Jumps In on Brazilian Oil Rush

May 27th, 2008 | By Contrarian Profits | Category: Featured, Financial News

Recent Brazilian oil discoveries have lead Brazil’s richest man, Eike Batista, to take his company OGX Petroleo e Gas Participacoes SA public in a $3.37bn share offering. This from Bloomberg:

Brazilian billionaire Eike Batista is planning a 5.59 billion real ($3.37 billion) initial public offering of OGX Petroleo e Gas Participacoes SA, betting the country’s recent oil finds will lure investors who snubbed 20 IPOs this year.

Tags: Batista, Brazil, Brazil Oil, Brazilian Oil, Brazilian Oil Companies, Brian Hunt, Bric, Carioca, Emerging Markets, energy, Jason Simpkins, New Oil Discoveries, Oil Company, Oil Fields, Oil Industry, Oil Rush, Petroleum, Recent Oil Discoveries, Record Oil Prices
Posted in Featured, Financial News | No Comments »

Brazil is not Titusville

Apr 29th, 2008 | By Dan Denning | Category: International Investing

Remember last week when the director of the Brazil National Petroleum Agency Haroldo Lima told the world that the Carioca oil field, “Could be the world’s biggest oil discovery in thirty years?” Let’s unpack the word “could.” It “could” be the world’s biggest oil field that will never enter into production.

Tags: Asx, Australia, bauxite, Brazil, BRM, Carioca, CFE, china, drill bits, FIRB, HER, Howard Robard Hughes Sr., Hydro Aluminium, Iron Ore, MGX, National Petroleum, Nuclear Plants, Oil Discovery, Oil Exporters, PBR, Santos Basin, UMC
Posted in International Investing | No Comments »

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