PBR is really a good stock for long term holding.

recently , i did some research on this company and got really excited.

it is a top 15 (might be 19) oil/gas reserve company in the world and it recently discovered a gigantic high quility oil field. Brazil gov owns about 50% stake. it is basically like a gov company (china's PTR alike). the best thing is that the company owns 99% oil in brazil and it has almost nothing to do with global oil volitilities like the problem in middle east. the con is the fact that gov owns 50% of the company and the gov usually applies price control of oil. the drawback is offset by assurance of brazil gov in case something goes wrong with the company.

2014 world soccer goes there. 2016 olympic summer game is there. it should be good! PBR CFO boasts to double the size of XOM in the next 5-10 years. Some analysts predict PBR might be the first trillion dollar company in the world.