90% of worlds oil in the hands nationalized govts,or dictatorships,oil profits not being spent on infrastructer or exploration, this company and goverment independantly went alternave on fuel,before evident demand outstripping supply, new oil finds have potential to pu i in top 10 suppliers for year to come.
The state stake in this enterprise being too big, the government of the country being too socialist and the corporate management- too ineffective, I'm on short position on Petroleo despite it's huge pre-salt oil capacities.
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