Why Wall Street Is Bidding-up Petrobras Stock.

SEEKING ALPHA/
"...Petrobras has grown total production roughly 5.6 percent annually since 2001. Management expects annualized growth to reach 8.8 percent through 2013 and 7.5 percent from 2013 to 2020.
If Brazil meets its goal of producing a total of 5.729 million barrels of oil per day, its oil production will be more than double current levels. To put this into perspective, consider that Petrobras projects it will produce more oil than giants Total, Chevron, Royal Dutch Shell and ConocoPhillips by 2013.
Even more impressive, if Petrobras meets its 2020 production targets it will eclipse ExxonMobil, which currently produces around 4.25 million barrels of oil equivalent per day. In that event its total reserves would be between 25 and 30 billion barrels of oil equivalent, also well above Exxon’s reserve base. Given these statistics, it’s not hard to see why there’s so much excitement about Brazil’s deepwater oilfields and Petrobras."