Global Value Investing

[Drexion2004]

I prefer OGXPY (or OGXP3 in the Bovespa) over PGB personally. Higher quality oil to be produced and will have much lower break-even price on extraction.

Thats not to say I did not like PGB, I just want to watch them a bit longer to see if they have controlled the well depletion rate (Its way too high for the first year, above their own predictions and that lower production base after 1 year has big repercussions on the economics of the well as depletion continues). They supposedly have a new fracking method that will help some with water filtration but promises don't mean squat till I see it working (and have measures of the exact impact) :).

-Fernando