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With Downgrade, No One Excited About Petrobras' Oil Finds Anymore - Forbes
Forbes | With Downgrade, No One Excited About Petrobras' Oil Finds Anymore Forbes Who cares how much oil this company has sitting under the Atlantic Ocean? The fact is it doesn't have the money to dig it out. That oil is some of the most expensive to reach, packed thousands of meters below the ocean floor in what is called pre-salt. Petrobras Cut to Junk by Moody's as Probe Hobbles Oil Producer Brazil oil firm Petrobras downgraded to junk status |
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