Renaissance Oil Corp. RNSFF

Bad news for ALMO

[farml1234]

Pemex 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

[firkantede]

This post has been removed in accordance with Community Policy

[firkantede]

This post has been removed in accordance with Community Policy

[allnrg]

https://www.reuters.com/article/us-pemex-results/mexicos-state-run-pemex-posts-steep-2019-loss-in-blow-to-presidents-revival-plan-idUSKCN20L2OG?rpc=401&

[investor55x]

Another article about the catastrophic loss of PEMEX (around 18 billion $ in 2019 !!) due to multiple stategic and operational failures. The financial situation of PEMEX is getting very dark without the help of privat companies (farmouts), especially ROE & Lukoil with Amatitlan. As I have predicted before, AMLO will and must realize this and his own strategic failures now, otherwise the rating

[crude]

So this ALMO guy he is related to Justin ? Right !