The tight supply of oil is here again. I noticed this article last night, and it is making me question whether or not to sell a position in PBR at 35. (article)
If the demand is approaching the supply, crude will be past 100 throughout 2011, and that means PBR is very very inexpensive. PBR should be trading around 38-50 instead of current levels.
My portfolio risk tolerance is very tolerable right now, hence the addition of AXPW just now. If it remains, as I think it will. I will wait to sell a position of PBR at 38, and sell the rest above that level.