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Posts Tagged ‘ Recent Oil Discoveries ’

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
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