While the world has been in recession it appears the Brazilian energy company Petrobas have quietly been getting on with it. Check out the comparison with Royal Dutch Shell which rose under 10% over the same period. Comparison with the Dow in the graphic below. I bought a few shares in them at the end of November 2007; and now I wish I’d bought a whole lot more! Merry Xmas Santa, or is that Santo?

Google Finance chart details for PBR here.