Petrobras Pulls Debt Offering Due To "Adverse Conditions" – ValueWalk Premium
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Petrobras Pulls Debt Offering Due To "Adverse Conditions"

Not very long ago, Petrobras was offering (anyone foolish enough to buy) 100 year bonds. How much can change in less than a year!

Extremely low crude oil prices continue to take a serious toll on firms in the global energy sector. Related to this and a giant corruption scandal, beleaguered Brazilian oil and gas company Petrobras has suffered a setback in its efforts to stabilize its financial situation this week . . .

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