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Long Form Reports

The Commission of Experts recommendations on fracking

Last week we wrote a very high-level summary of the Commission of Expert’s recommendations on fracking. This week we go one level deeper and look at the recommendations in detail. Next week will publish our summary of the commission’s findings and conclusions.

Monday, February 18th, 2019
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Despite scandals, Colombia holds its transparency reputation

Despite scandals, Colombia holds its transparency reputation

Transparency International recently published its Corruption Perception Index (CPI). Boards and ethical investors will be paying attention. After the scandals of recent years, corruption has become a key issue with voters as well.

Monday, February 11th, 2019
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The day after in Caracas

An anonymous reader sent me an email about our article on Venezuela from a week or so ago. He disagreed with the ACP’s conclusion that turmoil in Colombia’s neighbor was a big opportunity for our oil and gas sector. I concur with him.

Monday, February 11th, 2019
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Not the right trend

Not the right trend

Our tracking of terrorism / security incidents has changed since the Farc disarmed in 2017, both in conceptual terms and methodological ones. Based on the latest data, the trend is not good.

Monday, February 4th, 2019
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Parex, a pioneer in Infrastructure for Taxes

Slowly but surely, Infrastructure for Taxes has been positioning itself as one of the industry’s main opportunities to positively impact Colombia’s rural areas. Politicians highlighted the development of its first project from the oil and gas industry using this program. Our Bottom-Line returns to the theme of local and elite communications as it applies here.

Monday, February 4th, 2019
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Prediction is very difficult…

Prediction is very difficult…

… especially about the future. Our omnipotent Managing Editor has graciously given the Analyst one more week to complete his methodology analysis of Colombia-focused share prices. We promise. Hopefully. Or maybe the Analyst will be fired.

Monday, January 28th, 2019
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Not low profile

I was in Canada over the year-end holidays and got to spend a lot of time watching television sports (a favorite pastime). That also meant I watched a lot of commercials which, these days, means watching a lot of ads for the Trans Mountain Pipeline.

Monday, January 28th, 2019
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Performance drivers

Performance drivers

We try to stay away from share price-related issues. There are lots of commentators better suited for that activity. But we do look at share prices in aggregate as an indicator of investor faith in Colombia. Doing that means we need to ‘unpack’ the influence of various performance drivers including oil prices, other broad industry factors, company-specific factors and to get, finally, the influence of Colombia itself.

Monday, January 21st, 2019
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The impossibility of the ELN

A suicide car bomb exploded in Bogotá’s police training academy last Thursday morning. Casualties stand at 21 dead and 68 injured (these may change). The Attorney General attributed the attack to the ELN and on Friday night, President Duque terminated discussions with the guerrilla group.

Monday, January 21st, 2019
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Oil prices take shares for a ride

Oil prices take shares for a ride

We updated our indices of Colombia-focused, publicly-traded companies and as expected, the slide in Brent had a noticeable impact. We also looked more closely at our composite index, especially the role of the TSX.

Monday, January 14th, 2019
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