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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (20118)	11/23/2004 8:20:20 PM
From: Paul Senior	Read Replies (1) of 78525

Madharry, you are right. PZE operations are mostly in Argentina. Although PZE capital stock is mostly owned by Brazilian gov't apparently. "Petrobas is a mixed-capital company with a majority of its voting capital owned by the Brazilian federal government," says Yahoo. Petroleo Brasileiro S.A. is the Brazilian oil company; I may inititate an exploratory purchase. That symbol is PBR. finance.yahoo.com ------- Fwiw, I have Repsol, and I've been adding to that position. Its major operations are in Spain and Argentina. P/e, in this environment, looks reasonable to me for a large integrated oiler. finance.yahoo.com

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