GREY:RNSFF - Post by User
Comment by
allnrgon Dec 15, 2018 9:24pm
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Post# 29120635
RE:epmag article: mexico flags delicate pemex finance plans
RE:epmag article: mexico flags delicate pemex finance plansDelicate indeed Pemex is 106 billion dollars in debt of which roughly 30% needs to be paid back within 3 years. ROE holds 4 blocks in Mexico & the migration of the Amatitlan contract will make 5. When the majority of the of the oil patch was reeling in the downturn ROE was busy making deals. ALMO states no more auctions, done, sol, so tell me this what's the value of their land now? Anyone who wants their foot in the door now will need to pay up via acquisition. It took only a matter of days for Sierra oil & gas to be bought out after the announcement of no further auctions. This when all the dust settles will place a premium on ROE.