It was only a few years ago when Colombia emerged as one of the hottest oil plays in South America and it saw a number of Canadian oil explorers and producers enter the country. On the back of new discoveries companies such as Pacific Rubiales (OTCPK:PEGFF), Petrominerales (OTCPK:PMGLF) and Gran Tierra Energy (NYSEMKT:GTE) saw their share prices surge. It also saw a number of micro-cap companies like Canacol (CAAED.PK) and C&C Energia (CZE.TO) enter the fray.
Yet over the last year, many of these Canadian-domiciled independent oil and gas explorers and producers have fallen into disfavor with investors and seen their share prices fall significantly. This sharp decline in share prices, in conjunction...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|