An Oil IPO in Brazil

Eike Batista, A Brazilian Billionaire has taken a new direction in building his personel fortune. He has created an oil compay to which has bid on tracks of land off the coast of Brazil to drill for new sources of oil. It is risky but seems there is alot of excitement in the new venture. Why not, with crude prices at record highs and demand on the rise the upside looks limitless.


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