patrick.net

I'm new to this board and was just looking around for tips on housing and ran across this thread and some others by you guys. Man, SF Ace, your investment picks are impressive. Congrats!

For those that cares, Investors are likely sitting on a ton of realized and unrealized gains but IMO It is time to hunker up and roll over $$ into PetroBrazil.

* The 70B Offering is behind the company and took the price to where it is today. Institutions have left this stock briefly and there were huge numbers of shorts in anticpation of the dilution, but every international fund will be back and there is few reason to short further. The future offering will be via bonds not shares.

* There's a reason why PBR raised all that money, they have the most significant oil discovery recently. However, these reserves are deep and hard to extract thus demand for capital. In the offering the proceeds will be use to pay the Government for the right to produce 5 billion more offshore fields. The investment will double the company’s production to 3.9 million barrels a day by 2014 and PBR's growth rate will dwarf its peers which are struggling.

* It is trading on severe discount compared to XOM. yet boast the best margins in the industry. PBR should be trading at a premium not discount without the effect of the offering.

* Every commodity made their moves this year except oil. Oil is a great place for the long term, and now is not a bad time to get in. If you are long oil, the best play right now is to long the company that is leveraged the most to the price of this commodity, PBR.

Price target of $58 in 12 months. Very little downside risk from here. Great risk/reward play. Dividend is in the 4-5% range currently.

Interesting property deal. It's very close to (if not right on top of) the Hayward and Calaveras faults... whoever looks at this should be very diligent in checking out what kind of structural reinforcement it has. House should be strongly bolted to the foundation, lots of shear walls all around the first floor, etc.

good property deal for the long haul

Does anyone know anything about a neighborhood in San Ramon called Windmere? My fiance would like us to look at homes in the area because she says its a pretty up and coming place for immigrants (she is Chinese - working on becoming a naturalized citizen). I want to make her happy, but I’m very reluctant to look at higher end homes that have had price runups before the crash.

Anyone have anything to say about Windmere?