bunky...hard to compare a large, deep water producer with Petrobank. Petrobras, if they have 25billion barrels will grow in value based on reserves, production and cashflow. Recently they announced the new discoveries and the commissioning of new offshore platforms. But so far in 2007 they have had declining production and falling earnings.
Petrobank is much smaller in production, guiding for 10,000bbpd for 2007, which they will beat. Petrobank also earns more earnings per unit of gross revs. They keep 1/3 as net profits. Petrobras keeps much less, probably due to their size.
I think Petrobras is a good hold if these new fields turn out to be that big. I still prefer Petrobank. It is riskier but I believe they are going to keep growing due to their three business units. THAI could spread worldwide.
PBG.to has done quite a bit better over the past year in stock performance but Petrobras did well also. I still think Petrobank has legs.
I like Petrobank due to the proprietary THAI and their tar sands field. Conventional oil in Canada and Colombia will finance THAI. PBG.to is not tiny at 4 billion but is a light weight in reserves compared to Petrobras. You could probably do well with both. BTW Ken Heebner is a very smart guy but made most of his money in real estate. Not sure how good he is in energy. Petrobras does have the high growth economies of Argentina and Brazil nearby. Should have plenty of customers for their oil. Bobwins
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