Posts
Poor Petrobras.
Not so long ago...it was the darling on energy analysts.
Now...not at all.
Last year...it's output barely grew...even with promising new pre-salt fields...with an average of only 2.6 mn bbl daily.
In April...it set a 20 month low in production.
Analysts are calling PBR ...the worst investment in big oil.
It has lost 22% of investor value so far in 2012.
