<DrumBeat: June 1, 2008 The Oil Drum Eco-Driving promoted by the European Commission>

35 comments on Chris Nelder's Profit from the Peak

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DeltaGreen on June 1, 2008 - 5:07pm Permalink | Subthread | Comments top

Quick question, on top of the usual green-tech chips, does he recommend cashing into the oil price boom and investing on big oil? Specifically, I'm talking about Petrobras here (I'm brazilian) and my common sense tells me those stocks are going to soar, specially when they put those ultra-deep offshore drilling rigs in place, but I have no investment background and could use any advice on that. Would you buy stocks on a big oil company that has a decent prospect of increasing oil production in the near future? If not, why not?

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Euan Mearns on June 1, 2008 - 6:46pm Permalink | Subthread | Parent | Comments top

One guiding beacon for me are oil and especially gas companies that have reserves to grow future production combined with good exploration potential (you need a bit of knowledge to understand the latter) - Petrobras certainly fits the bill. I've only ever heard positive reports about the professionalism at Petrobras and this comes out in the fairly measured press releases from the company - that unfortunately are not matched by the government's officials.

Much of oil exploration runs on gut feel, and my gut feel is that the Santos basin may be one of the last great discoveries of petroleum. May as well own a part of that if you understand the risk.

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Robert Rapier on June 2, 2008 - 1:21am Permalink | Subthread | Parent | Comments top

The main problem with Petrobras - which I do own - is that it trades at quite an inflated PE relative to most oil companies.

My strategy is shifting toward sinking money into countries like Brazil, where petrodollars are flowing.

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DeltaGreen on June 2, 2008 - 6:26pm Permalink | Subthread | Parent | Comments top

Well, that's quite the comfort. I'm just a college student with some money stashed away and was considering using my knowledge of Peak Oil to do something practical (buying a farmhouse is not a option)with that knowledge. I don't have the cash to invest big "on brazil", so I've picked up a couple of companies that I think will do good (Petrobras and Vale, the mining company). Any other recommendation on investing "on Brazil"? Government bonds? Other companies?

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noutram on June 5, 2008 - 8:53am Permalink | Subthread | Parent | Comments top

There's a "Brazil ETF" (sorry don't know the ticker...)

I reckon Clean Energy Brazil are also a good punt...

Nick.

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dsimeonov on June 2, 2008 - 4:06am Permalink | Subthread | Parent | Comments top

Hi,
I'm curious about russian oil & gas companies like LukOil or Gasprom, what do you think?
Best regards.

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Robert Rapier on June 2, 2008 - 11:50am Permalink | Subthread | Parent | Comments top

ConocoPhillips owns 20% of Lukoil. That's how I have indirectly invested in Lukoil.

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35 comments on Chris Nelder's Profit from the Peak

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