china good oil play

PBR's ability to expand production & China's insatiable demand for oil.

energy, Brazil

lots of oil, and oil is and will always be in demand.

I like Petrobras (PBR), Occidental Petroleum (OXY) and Suncor (SU), adds Steve Grasso. If oil goes higher those stocks should go higher, too.

I would get long Petrobras (PBR) around $32 or the iShares MSCI Emerging Markets Indx ETF (EEM) around 10% lower from where it is now. - Tim Seymour

Tim Seymour said he likes Petrobras(PBR) as a play on Brazil.

3 Stocks I Saw on TV: Dan Fitzpatrick examines three stocks viewed on Fast Money. Today's stocks include Trina Solar, Petrobras and Blue Nile.
Click here to watch the video.

Chinese Paving Way for Metals Rally: Keith Walter, co-manager of the Artio Global Equity Fund, says Chinese infrastructure spending will push commodity prices and stocks like Petrobras and Nucor higher.
Click here to watch the video.

THE BIGGEST DEEPWATER FIND so far is the Tupi field, discovered in 2007 off the coast of Brazil and estimated to contain five billion to eight billion barrels of oil. By way of comparison, all the remaining oil reserves in the U.K. North Sea are perhaps five billion barrels, energy experts reckon. Other oil strikes off Brazil, moreover, have sparked speculation, Vig relates, that future fields may encompass reserves "some multiple of Tupi's." Eventually, production from Tupi may top one million barrels a day, but not until at least 2014, or seven years after its discovery, Vig stresses. Which is why oil giants like Petroleo Brasileiro (PBR), or Petrobras (which discovered Tupi), and deepwater super-majors like ExxonMobil (XOM), which fattened its exploration budget 11% this year, set long-range drilling agendas that are rarely disturbed by short-term gyrations in oil.

down in value now

took a $20.00 dive