Unless you invested in Geopark (NYSE:GPRK) or Parex (TSX:PXT). But then the global indices were also down.
This week is Easter and so I have low expectations about how much this column will be read. Many loyal readers, at least those living in Latin America, may already be on vacation.
Cajamarca is a small city of about 19,000 people, southwest of Bogotá on one of the few ‘easily’-driven mountain passes crossing the Central Cordillera.
Costs were up in 4Q16 so despite higher prices, the average crude oil netback for publicly-listed reporting companies was down slightly in the quarter.
Revisa Dinero columnist Gregorio Gandini recently showed a graph that seems to show fairly clearly that the Colombian peso and oil prices are almost perfectly (negatively) correlated.
A couple of weeks ago, we reported an announcement by ANH head Orlando Velandia that the long-anticipated Agreement 2 was ready. I wondered why only one newspaper picked up the story and now we know: it is not ready.
Jaime Checa is a prominent geophysicist who is troubled by the way the industry is evolving, especially its complicated relationship with communities.
Ecopetrol (NYSE:EC) published its 4Q16 results which allows us to update our Line-of-Business (LoB) charts for the entire year. After an encouraging 2015 and significant new capability in Reficar and Barrancabermeja, ECP’s refinery business was again the loser.
This past week Ecopetrol published its results and both the popular press – and Hydrocarbons Colombia – was focused on this event. But is this media attention justified?
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