http://www.emergingsouth.net/home/ http://www.emergingsouth.net/brazil-is-poised-to-overtake-venezuela-as-the-largest-oil-producer-in-south-america-by-2013/#PageComment_92 <p>PBR op NYSE <a href="http://www.nyse.com/about/listed/lcddata.html?ticker=PBRµ">http://www.nyse.com/about/listed/lcddata.html?ticker=PBRµ</a> or PETR4 on IBOVESPA (Bovespa) is what you want.</p><p>PBR refers to Petroleo's stock on the Brazilian Exchanges while PBR.A refer to PBR ADR, which refer to Petroleo's stock as traded on U.S. Exchanges. ADR is American Depository Receipt, held by a depository bank on behalf of both a U.S. investor and the non-U.S. company which issued the stock. For more, see <a href="http://en.wikipedia.org/wiki/American_Depositary_Receipt">http://en.wikipedia.org/wiki/American_Depositary_Receipt</a> </p><p>PBR refers to PETR3 on the Brazilian Exchanges (Bovespa - Index:IBOVESPA). This is a symbol of shares from PETROBRAS, that gives rigths like vote. PBR.A refers to PETR4, type of shares that you don't have the same rigths (the share's owner can't vote), but has preferences like receives more earnings and, in case of failure, to get back your investment. In Bovespa, PETR4 is the most negociate paper - something like US$ 600 million/day (the volume of PETR3 is around US$ 85 million day).</p><p>Converse: PBR = 2 * PETR3 and PBR.A = 2 * PETR4 Example (when I bought in) Date: 10 December 2007 PBR = US$ 105.00 US$ 1,00 = R$ 1,77 PETR3 = R$ 92,93 (each ADR contains 2 shares of PETR3)</p><p>PBR.A = US$ 90.00 US$ 1,00 = R$ 1,77 PETR4 = R$ 79,65 (each ADR contains 2 shares of PETR4)</p><p>For trading on the Bovespa you need a CNPJ (pessoa fisica) or CNPJ (pessoa juridica). Also means you need to have money go into Brazil through the central bank.</p><p>When I'm back in May we can talk, I don't want to see you end up in the arms of a grey broker who acts on your behalf and runs with the money ;)</p> Wed, 16 Apr 2008 23:48:07 +0200 John Baeyens http://www.emergingsouth.net/brazil-is-poised-to-overtake-venezuela-as-the-largest-oil-producer-in-south-america-by-2013/#PageComment_92 http://www.emergingsouth.net/brazil-is-poised-to-overtake-venezuela-as-the-largest-oil-producer-in-south-america-by-2013/#PageComment_89 <p>Hey John,</p><p>a while ago i bought some shares through netbanking of Dexia of what i thought was from Petrobras but yesterday i discovered after checking the stock rates that i had actually bought PETROBRAS ENERGIA PARTICIPACIONES SA and not the Brazilian state energy company Petrobras SA. Do you think it's worth keeping those stocks? I also wanted to buy stocks on the BOVESPA but that doesn't seem possible? Greetz Geert</p> Tue, 15 Apr 2008 10:25:25 +0200 Geert http://www.emergingsouth.net/brazil-is-poised-to-overtake-venezuela-as-the-largest-oil-producer-in-south-america-by-2013/#PageComment_89 http://www.emergingsouth.net/brazil-is-poised-to-overtake-venezuela-as-the-largest-oil-producer-in-south-america-by-2013/#PageComment_77 <p>Hi John,</p><p>I can see, you a lover for brazil.</p><p>Luciano</p> Tue, 01 Apr 2008 19:36:01 +0200 Luciano http://www.emergingsouth.net/brazil-is-poised-to-overtake-venezuela-as-the-largest-oil-producer-in-south-america-by-2013/#PageComment_77