GREY:RNSFF - Post by User
Post by
farml1234on Feb 27, 2020 1:21pm
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Post# 30742163
Bad news for ALMO
Bad news for ALMOPemex Suffers Biggest Loss in Two Years as Output Stagnates "Petroleos Mexicanos reported its biggest quarterly loss in two years as production growth stalled. Despite an accelerated drilling program at a group of onshore and shallow-water fields, crude and condensate production was 1.69 million barrels a day, little changed from the previous quarter. Revenue slumped in the fourth quarter, boosting Pemexs net loss to 169.8 billion pesos ($8.8 billion), the biggest drop since the the same period in 2017." https://www.bnnbloomberg.ca/pemex-suffers-biggest-loss-in-two-years-as-output-stagnates-1.1396836