GREY:RNSFF - Post by User
Post by
Boots333on Jun 28, 2018 9:41pm
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Post# 28248679
I have no concerns - it is just an opportunity to by at lowe
I have no concerns - it is just an opportunity to by at lowe No need to panic or sell. The reality after the election will still be that Pemex will still be broke. Pemex has very limited money for exploration, and they want to focus the little money they have on prime targets. Pemex has been paying a 70% royalty on all oil revenue to the government for years, the New Government will still need the Revenue. The Mexican government is in dire need of funding to run its day to day operations and to build all the new projects like oil refineries that Obrado has promised. The new government will need oil and oil revenue and it desperately needs the outside investment dollars to find more oil and to get the increased revenue.