frcdfed2004
frcdfed2004 t1_iu1jj1i wrote
Still have a shit ton of debt that ive always been concerned with, but looks like itll pay down if oil stays up. Thats my bet at least with them and chevron. Just hoping pbr can get their gas assets working more economically then they are doing now and generate some more profit while the prices are at peak levels.
frcdfed2004 t1_iu1pkm6 wrote
Reply to comment by Wide-Comparison4318 in JP Morganโs take on $PBR ๐๐๐ฝ by Wide-Comparison4318
Yeah they paid down like 12 billion in 21, im sure there will be another chunk paid off this year. Exports are down though as they have competition for fuel oil with private equity buying a refinery in the north. Again, as long as oil and gas holds at current levels they should be golden for a bit.