This 'Bargain' Oil Giant Offers 75%-Plus Upside: Petroleo Brasilero (NYSE: PBR)

Last summer, I wrote about an odd disconnect between rising oil prices and a strong U.S. dollar.
Since then, that disconnect has dissipated. The dollar has appreciated about 6% to 7%, and inversely, the price of West Texas Intermediate crude (WTI) has fallen at about the same rate. Two of my recommendations, Valero (NYSE: VLO) and Phillips 66 (NYSE: PSX), have gone up an average of 32%.
The third recommendation was integrated Brazilian oil producer Petroleo Brasilero (NYSE: PBR),aka Petrobras. Since then, the stock has fallen 26%.
Do I still like it? More than ever.

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