Financial Trading

[harvard16]

18 billion dollars a year in profits for Petrobras, still means it's a very profitable venture, that's the other aspect of Brazilain oil, only one player in town, it's a Petrobras monopoly, which means they can grind down the margins to wafer thin on their service suppliers, which is good for them but not good for the service industries that supply them as capex and opex expenses are very high down there.

[CaerMyrddin]

I know, an oncle of mine works there.

http://www.boursorama.com/graphiques/gr ... &i3=0&st=6

That's the graph of Galp Energia, a portuguese company that has parts of some fields in Brazil. When the oil was discovered in Tupi, the titles soared. You can see the huge price gap on 2008 and I can't really tell now, but I think that on the day the discovery was done, they climbed something like 30%? 50%?

As news that the oil is unreachable or very expensive to explore arrived, the prices plunged. Well, I'm not going to advise you to buy, hold or sell, I was just chating about a technical issue with this oil. Speculation is a different game