NEW YORK ( TheStreet) -- I was talking today to Stephanie Link, co-portolio manager of Action Alerts PLUS, about the recent auction of the Libra field in Brazil, an off-shore asset that potentially holds up to 12 billion barrels of oil.Such an amazing discovery with such development potential was thought to attract many dozens of oil companies to bid on the lease for that asset, but instead brought only one bid from a consortium of Petrobras (PBR), Royal Dutch Shell (RDS.A), Total (TOT) and two Chinese oil companies.
[video] Dicker: Offshore Hijinks
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