Mexico's state oil company Pemex interrupted the transport of some of its crude oil production in early november due to bad weather in the Gulf of Mexico. This originally effected the output numbers but now the company says that with the weather going back to normal nothing was actually lost. The numbers that were posted by Pemex's exploration and production devision stated that there was an average daily output of 843,000 barrels and over november 1-7 they only produced 632,000 barrels daily. The violent winds and wave action disrupted shipments but it should not have an overall effect on the average production.
This company should be staying on track after this late shipment and still is a good option to invest in. Pemex's output is continuing to stay stable even after these late shipments. This company should continue to being invested in.
http://online.wsj.com/article/BT-CO-20101110-722330.html?mod=WSJ_Energy_middleHeadlines
-Ryan Parker
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