.....Please raise your.......
Hand if you feel punched in the stomach when the name PETROBRAS is mentioned.......Me too!!.......here are some headlines on Petrobras news that occurred over the last 24 hours.........Petrobras reveals two off shore oil leaks...Petrobras may be liable in the $11 billion Chevron spill........Lupatech, a Brazilian oil equipment and service provider, cancelled a $779 million contract with Petrobras to provide equipment and service to deep water oil wells. Reason??? Lupatech appears in financial distress and was reorganized in December and now this..........Petrobras buys out local privately held refinery for $1.1 Billion........ Just a days worth of headlines........sure hope Alf and the crew "build in" plenty of margin when dealing with these guys.