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Animal Spirits – The C&C boost one week later

Sunday, November 25th, 2012 Category: Company News
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Animal Spirits – The C&C boost one week later

We reported earlier in the week that the Pacific Rubiales-C&C Energy deal had given a boost to the share prices of other Colombia-focused companies. The question was whether the boost would be sustainable: would the “animal spirits” (as one of our experts put it) continue to hold or will the reality that PRE did the deal with C&C and not with someone else bring prices back to earth? As the chart shows, the answer seems to be that the boost was generally sustained.

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