m.m.f
Forumer storico
La vendita del debito Pemex ha detto di raccogliere meno del previsto $ 1,5 miliardi - BNN Bloomberg
...non mi sembra molto positiva ...
Obbligazioni valute high yield MESSICO, PEMEX e Obbligazioni in pesos (MXN) (3 lettori)
- Creatore Discussione Gaudente
- Data di Inizio
La vendita del debito Pemex ha detto di raccogliere meno del previsto $ 1,5 miliardi - BNN Bloomberg
...non mi sembra molto positiva ...
qquebec
Super Moderator
Messico call 2110 (tagli da 1k) si prende a 90
Ultima modifica:
m.m.f
Forumer storico
... preferisco la mia 2047 a 69,50.
10 k dollari sono 9000 k euro non mi pare un grande investimento...
qquebec
Super Moderator
La vedo intorno a 81-82, coupon più basso, rimborso a scadenza
marcob77
Moderator
Aggiungo che l'outlook è passata da negativo a stabile (anche se la notizia è notevolmente negativa nell'insieme)
m.m.f
Forumer storico
... non si riesce a capire che programmi ha quest'uomo. Se vuoi tirarla su devi quanto meno per anni allegerirla fiscalmente ma in modo e maniera pesante. Cosi fosse la situazione sarebbe ben diversa.
marcob77
Moderator
U.S. Initiates Trade Fight With Mexico Over Energy Policy
Washington accused President Andrés Manuel López Obrador’s government of favoring its state-owned utility and oil company at the expense of U.S. businesses. “Ooooh, I’m so scared,” Mr. López Obrador said in response.
www.wsj.com
pietro17elettra
Nonno pensionato
UPDATE 2-Mexico's Pemex sees profit jump, helped by surging prices
28/07/2022 19:01 - RSF
(Adds CEO comment, financial details, analyst comment)
By Adriana Barrera and Ana Isabel Martinez
MEXICO CITY, July 28 (Reuters) - Mexican national oil company Pemex reported on Thursday its quarterly net profit soared more than ninefold to $6.5 billion, helped by surging prices that have bolstered the energy industry worldwide, as well as a significant reduction in its tax bill.
Revenue for the company, formally known as Petroleos Mexicanos, soared nearly 89% to 655.2 billion pesos during the April-to-June period.
Meanwhile, debt during the three-month period ending in June held steady at $108.1 billion, but still placed the firm as one of the most indebted oil companies in the world.
In a call with analysts, Pemex Chief Executive Officer Octavio Romero hailed the surging profit as a turning point for the company which in the past has more often been mired in red ink.
"I want to stress that Pemex has the support of the federal government," he said, adding that major credit rating agency Moody's should now review its so-called junk assessment of the company's debt.
But Pemex was also benefiting from a global surge in crude prices that experts warned might not last long-term.
"In the context of high oil prices and elevated refining margins, Pemex is reporting positive results that it should analyze with caution," said Arturo Carranza, energy project manager at Akza Advisors. "The company was unable to increase oil production or improve its cash flow. Its financial debt is also overwhelming."
Prices for Mexican crude oil during the quarter spiked more than 60% to average $105.34 per barrel, compared with the same period last year.
Pemex executives highlighted that the company's largest tax payment to the government was slashed from 54% in 2021 to 40% this year.
President Andres Manuel Lopez Obrador has pumped billions of dollars in financial support for the company to fulfill his pledge of increasing domestic production of motor fuels by refining more of Pemex's crude oil production at home during his six-year term, which ends in 2024.
The company noted in its second-quarter report, however, that it did not receive any help from the government to cover debt payments during the period, and that it alone will be responsible for servicing them during the rest of this year.
Crude and condensate production for the quarter ticked up about 1% from the year-ago period to reach 1.756 million barrels per day (bpd).
Pemex, meanwhile, reduced its outstanding debt to service providers and other contractors by about 45% to total 203.5 billion pesos, compared with the first quarter.
($1 = 20.1353 pesos at end-June)
(Reporting by Adriana Barrera and Ana Isabel Martinez in Mexico City Additional reporting by Noe Torres in Mexico City Writing by Valentine Hilaire Editing by David Alire Garcia, Christian Plumb and Matthew Lewis)
(([email protected]; +52 55 5282 7151; Reuters Messaging: [email protected]))
28/07/2022 19:01 - RSF
(Adds CEO comment, financial details, analyst comment)
By Adriana Barrera and Ana Isabel Martinez
MEXICO CITY, July 28 (Reuters) - Mexican national oil company Pemex reported on Thursday its quarterly net profit soared more than ninefold to $6.5 billion, helped by surging prices that have bolstered the energy industry worldwide, as well as a significant reduction in its tax bill.
Revenue for the company, formally known as Petroleos Mexicanos, soared nearly 89% to 655.2 billion pesos during the April-to-June period.
Meanwhile, debt during the three-month period ending in June held steady at $108.1 billion, but still placed the firm as one of the most indebted oil companies in the world.
In a call with analysts, Pemex Chief Executive Officer Octavio Romero hailed the surging profit as a turning point for the company which in the past has more often been mired in red ink.
"I want to stress that Pemex has the support of the federal government," he said, adding that major credit rating agency Moody's should now review its so-called junk assessment of the company's debt.
But Pemex was also benefiting from a global surge in crude prices that experts warned might not last long-term.
"In the context of high oil prices and elevated refining margins, Pemex is reporting positive results that it should analyze with caution," said Arturo Carranza, energy project manager at Akza Advisors. "The company was unable to increase oil production or improve its cash flow. Its financial debt is also overwhelming."
Prices for Mexican crude oil during the quarter spiked more than 60% to average $105.34 per barrel, compared with the same period last year.
Pemex executives highlighted that the company's largest tax payment to the government was slashed from 54% in 2021 to 40% this year.
President Andres Manuel Lopez Obrador has pumped billions of dollars in financial support for the company to fulfill his pledge of increasing domestic production of motor fuels by refining more of Pemex's crude oil production at home during his six-year term, which ends in 2024.
The company noted in its second-quarter report, however, that it did not receive any help from the government to cover debt payments during the period, and that it alone will be responsible for servicing them during the rest of this year.
Crude and condensate production for the quarter ticked up about 1% from the year-ago period to reach 1.756 million barrels per day (bpd).
Pemex, meanwhile, reduced its outstanding debt to service providers and other contractors by about 45% to total 203.5 billion pesos, compared with the first quarter.
($1 = 20.1353 pesos at end-June)
(Reporting by Adriana Barrera and Ana Isabel Martinez in Mexico City Additional reporting by Noe Torres in Mexico City Writing by Valentine Hilaire Editing by David Alire Garcia, Christian Plumb and Matthew Lewis)
(([email protected]; +52 55 5282 7151; Reuters Messaging: [email protected]))
pietro17elettra
Nonno pensionato
EXCLUSIVE-Mexico's Pemex expects rare annual profit - CEO
Oggi 06:20 - RSF
By Ana Isabel Martinez
MEXICO CITY, July 28 (Reuters) - Mexican state oil company Pemex expects to post a rare annual profit this year, with two consecutive quarters already in the black and a boost to crude output from new fields, Chief Executive Octavio Romero told Reuters.
If achieved, it will be Pemex's first annual profit in more than a decade. A historically high tax bill and massive losses from its refining unit have kept it in the red for years.
Earlier on Thursday, the Mexican oil giant reported a second-quarter profit of $6.5 billion, powered by surging prices that have lifted oil companies across the globe and a significant reduction in its tax bill. (news)
For the first half, the state-owned producer's profits have totaled some $12.7 billion, compared with $23 billion in losses during the same period last year.
"Our big decision at Pemex was to invest and keep investing during such an ugly, adverse situation," Romero said in an interview later on Thursday, referring to previous years when oil prices were much lower.
Prices for Mexican crude oil averaged more than $105 per barrel in the second quarter.
Romero, a close confidant of President Andres Manuel Lopez Obrador, downplayed the need for any further Pemex debt refinancing, arguing that healthy revenue flows should be able to cover $2.9 billion in regular debt payments due this year.
"I'm betting against it," he said about the need for new debt management operations, while still leaving open the possibility if circumstances changed.
Pemex, one of the world's most indebted oil companies, reported total financial debt of $108.1 billion in a filing with Mexico's stock exchange on Thursday. The company also reported that it owed a further $13.7 billion to service providers.
In a call with analysts after the profit report, Romero called out major ratings agency Moody's, suggesting it revisit its downbeat assessment of Pemex debt, which it quantifies as speculative grade due to the company's underlying financial problems and heavy debt load.
The Pemex chief added that he expected the company's oil output to rise to about 1.9 million barrels per day (bpd) by the end of this year from 1.7 million bpd currently, thanks to imminent production from roughly 40 new priority fields.
"We have many wells that are about to come online, and many wells that will be drilled in the near-term."
(Reporting by Ana Isabel Martinez; Editing by Bradley Perrett)
(([email protected]; +52 55 5282 7151; Reuters Messaging: [email protected]))
Oggi 06:20 - RSF
By Ana Isabel Martinez
MEXICO CITY, July 28 (Reuters) - Mexican state oil company Pemex expects to post a rare annual profit this year, with two consecutive quarters already in the black and a boost to crude output from new fields, Chief Executive Octavio Romero told Reuters.
If achieved, it will be Pemex's first annual profit in more than a decade. A historically high tax bill and massive losses from its refining unit have kept it in the red for years.
Earlier on Thursday, the Mexican oil giant reported a second-quarter profit of $6.5 billion, powered by surging prices that have lifted oil companies across the globe and a significant reduction in its tax bill. (news)
For the first half, the state-owned producer's profits have totaled some $12.7 billion, compared with $23 billion in losses during the same period last year.
"Our big decision at Pemex was to invest and keep investing during such an ugly, adverse situation," Romero said in an interview later on Thursday, referring to previous years when oil prices were much lower.
Prices for Mexican crude oil averaged more than $105 per barrel in the second quarter.
Romero, a close confidant of President Andres Manuel Lopez Obrador, downplayed the need for any further Pemex debt refinancing, arguing that healthy revenue flows should be able to cover $2.9 billion in regular debt payments due this year.
"I'm betting against it," he said about the need for new debt management operations, while still leaving open the possibility if circumstances changed.
Pemex, one of the world's most indebted oil companies, reported total financial debt of $108.1 billion in a filing with Mexico's stock exchange on Thursday. The company also reported that it owed a further $13.7 billion to service providers.
In a call with analysts after the profit report, Romero called out major ratings agency Moody's, suggesting it revisit its downbeat assessment of Pemex debt, which it quantifies as speculative grade due to the company's underlying financial problems and heavy debt load.
The Pemex chief added that he expected the company's oil output to rise to about 1.9 million barrels per day (bpd) by the end of this year from 1.7 million bpd currently, thanks to imminent production from roughly 40 new priority fields.
"We have many wells that are about to come online, and many wells that will be drilled in the near-term."
(Reporting by Ana Isabel Martinez; Editing by Bradley Perrett)
(([email protected]; +52 55 5282 7151; Reuters Messaging: [email protected]))