Wide-Comparison4318 OP t1_iu1mdhu wrote on October 27, 2022 at 9:46 PM

Reply to comment by frcdfed2004 in JP Morgan’s take on $PBR 💎🙌🏽 by Wide-Comparison4318

They have paid down a lot of debt. Their financials are strong. Their debt/equity ratio is .56 Their current ratio is 1.31. They carry a book value of $11.96. They have had a lot of unusual Option activity. At the end of the day, they cash flow and if Brent keeps climbing, they will rake in the cash 💰

frcdfed2004 t1_iu1pkm6 wrote on October 27, 2022 at 10:09 PM

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.