01 Dec '11, 6pm

Petrobras: Analysis - Brazil's oil boom could see its first bust

Analysis - Brazil's oil boom could see its first bust Companies: LUPATECH -ON NM Petroleo Brasileiro PETROBRAS -PN Related Quotes Symbol Price Change LUPA3.SA 5.00 0.00 PBR 27.30 0.00 PETR4.SA 22.52 0.00 Follow these stocks { On Friday 2 December 2011, 1:19 SGT By Brad Haynes SAO PAULO (Reuters) - Brazil's huge offshore oil wealth has been called a lottery jackpot, and each of the industry's contracts is another winning ticket. But even with a lucky stub in hand, some companies risk going broke before they can claim their prize. Lupatech (Sao Paolo:LUPA3.SA ), Brazil's biggest supplier of industrial valves and anchor cables, was counting on its place in a nascent oil services industry to guarantee a slice of the boom led by state-controlled oil company Petrobras (Sao Paolo:PETR4.SA ) and its $225 billion (143.4 billion pound) five-year investment programme. Instead, Lupate...

Full article: http://sg.finance.yahoo.com/news/Analysis-Brazil-oil-boom...

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