|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||8.72 - 8.83|
|52 Week Range||4.46 - 9.00|
|PE Ratio (TTM)||45.41|
|Dividend & Yield||0.14 (1.59%)|
|1y Target Est||N/A|
Major oil trader Glencore and integrated oil major Chevron are jumping into the Mexican fuel retail market as this country is opening up for foreign investment in its energy sector
The current market's strength is on shakier foundations than bulls are prepared to admit.
U.S. energy company Chevron Corp and trading firm Glencore on Thursday announced separate plans to enter Mexico's fuel market, as the long-hidebound sector begins to attract major foreign players. Glencore expects to start importing fuel for Mexico's domestic market in February 2018 through its own terminal in the southern state of Tabasco, according to Alex Beard, the head of the firm's oil division.