Posted on 05/15/2008 6:36:40 PM PDT by the invisib1e hand
Bloomberg, so cannot be posted (why?).
Title says it all, but the story can be found here.
When you can’t post from a source just do a quick rewrite and summary.
Petrobras is Brazil’s state-controlled oil company.
It has rented 80% of the entire worlds offshore drilling rigs.
They are searching for oil in their new oil discovery area, the largest found in many years. They are rentting rigs that can search in depths of at least 9800ft.
This activity has caused the rental price of remaining drilling rigs to skyrocket.
Good for Petrobras.
They use the services of many U.S. Oil fiend service companies and they will likely come in with a big find.
My V12 Jaguar is one of these...
Fine for me. I own shares in both PBR and DO. I bought the former in 2005. Isn’t that nice?
Fine for me. I own shares in both PBR and DO. I bought the former in 2005. Isn’t that nice?
Trust me newbie, nobody give a f*ck.
BTW, post the CUSIP's and then I will believe you.
GXK
I bet that V12 sucks a lot of petrol.
While that spelling error was not intentional, I laughed to myself as I hit the post button.
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, leased about 80 percent of the world’s deepest-drilling offshore rigs
ping
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