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Under The Radar News - Thursday

Posted on May 22, 2008

Some oil co.'s have all the luck. Petrobras (PBR) says it has struck more oil near the huge offshore Tupi field, at about 22K feet below the surface. CEO Jose Sergio Gabrielli de Azevedo said on a CNBC interview PBR is finding very good results at its newly discovered off-shore deposits. One unknown is whether Brazil will go after the company for more taxes. Gross's June Outlook. Pimco's Bill Gross says the U.S. is underestimating inflation by at least 1%. He suggests: 1) Avoiding Treasurys because of their negative (unreal) real yields. 2) Buying TIPS. 3) Commodity-based assets and...

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