Embarrassing to say the least... The auditors have some explaining to do...
PDVSA financials: pena ajena (updated)
There was a time when I took some pleasure in finding concealed admissions of weakness hidden within the rosy financial results of Venezuela’s state oil company. Today, I read them and I am just embarrassed. Writing about these numbers is like watching the end of bullfight. The once mighty beast is crippled, bleeding and it seems in bad taste to stare.
Read the rest of the post on Setty's site: PDVSA financials: pena ajena (updated) | Setty's notebook
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