Why I sold my $Occidental Petroleum (OXY.US)$ position to bu...

Why I sold my $Occidental Petroleum (OXY.US)$ position to buy $Petroleo Brasileiro SA Petrobras (PBR.US)$

1. PBR has the ability to find labor at a much lower price. Brazil has many people that will work for $8/hour that are very skilled.

2. Brazil has massive steel plant to make all the drill pipe in the world at lower cost than the USA.

3. Brazil is not an OPEC+ member and can exploit this production issue to the max. And pump all they can truely produce.

4. They have fields in the State of Bahia not producing that they can and have started turning back on. They closed them because oil production takes oil at $60 to make money.

5. Offshore oil production killing it with huge production.

In all Brazil can DO everything we need to do faster and cheaper! $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$