Seeking Alpha
  • Caiman Valores
    Is XOM abandoning exploration in Brazil due to oil nationalism? Read about Brazil's oil nationalism in my article: http://seekingalpha.com/a/bdj3
    4/28/12
    Reply (11)
    • iadops40: after what happened to YPF in Argentina, I would not rule that out
      4/28/12
    • Caiman Valores: Chevron's case in Brazil and Argentina's expropriation of YPF are going to make foreign oil majors think twice about South America.
      4/28/12
    • iadops40: Agreed. PBR in Brazil has also been under a strangle hold by the govt.
      4/28/12
    • Caiman Valores: The government has enacted legislation that essentially gives PBR an advantage of any other oil company operating in Brazil.
      4/28/12
    • iadops40: EC looks like a more solid play for SA. I did see that PBR will have a joint project with VALE.
      4/28/12
    • iadops40: I commute back and forth between DC and Buenos Aires, and I always worry what stunt will come next from presidenta Kirchner
      4/28/12
    • Caiman Valores: I agree EC I am very bullish on EC and Colombia in general, you can read my analysis here http://seekingalpha.com/a/9az7
      4/28/12
    • iadops40: I read your article in March when I was doing research on EC, great insight & also made me bullish. was also looking at UGP but pulled away
      4/28/12
    • iadops40: Colombia and Venezuela are very attractive markets, but U.S. investors are limited to ETF's and EM funds
      4/28/12
    • Caiman Valores: Thank you for the feedback. If you have any Colombian or Venezuelan stocks or topics you would like analyzed please let me know.
      4/28/12
    • Caiman Valores: If you are looking to invest in Colombia the only US listed ADRs are Bancolombia and Ecopetrol, there are 2 Colombian ETFs COLX and GXG.
      4/28/12