Children didn’t make up Santa. Parents did. Santa may be generous. But naughty kids get nothing but coal. Santa is a ruthless administrator of justice. This is not a kid’s fantasy. But it is a parental one.

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.

Brazil has had some good fortune lately. On April 30, Standard and Poor’s upgraded the entire country and nine of Brazil’s banks to “investment grade.”