Those conglomerate acquisitions could pay off as Colombia gets integrated into the NAFTA manufacturing network. As Mexican labor has gotten more skilled a lot of the work they used to do is looking for cheaper alternatives close by. Central American is too small and has worse political and security issue then Colombia. Plus, Colombia is already has a free trade agreement with the US. With near-shoring and the implosion of China, Colombia could be a the beginning of a decades long economic boom.
All of South America probably has a very bright future. Ecopetrol is interesting with multibillion dollar infrastructure acquisitions across the continent
Both have ups and downs. I like the old school low decline oil of Ecopetrol, but I don't like the bad capital allocation. I need more international exposure just in case that becomes a trend, I am already overweight energy with ACDC and RIG. Maybe not with reason but with gut reaction, I did buy EC today, but I haven't bought GRNT yet.
vaguely related to the commodities supercycle, how able a mining, logistics, and ports business in australia with no jurisdiction risk and is expanding production 3x: https://twitter.com/Fenix_Resources
Great minds think alike, I already own EC at 9.15 share but I'm buying more as it drops.
It's under $8 premarket. I'll see where it opens
Those conglomerate acquisitions could pay off as Colombia gets integrated into the NAFTA manufacturing network. As Mexican labor has gotten more skilled a lot of the work they used to do is looking for cheaper alternatives close by. Central American is too small and has worse political and security issue then Colombia. Plus, Colombia is already has a free trade agreement with the US. With near-shoring and the implosion of China, Colombia could be a the beginning of a decades long economic boom.
All of South America probably has a very bright future. Ecopetrol is interesting with multibillion dollar infrastructure acquisitions across the continent
Municipal elections in Colombia last year were a blood bath. Petro lost almost all of them. Every Colombian I talk to wants him out.
The only problem with elections is they can always choose someone worse
Kamala may prove your point haha
Sir, do you prefer $EC over $GNRT?
Both have ups and downs. I like the old school low decline oil of Ecopetrol, but I don't like the bad capital allocation. I need more international exposure just in case that becomes a trend, I am already overweight energy with ACDC and RIG. Maybe not with reason but with gut reaction, I did buy EC today, but I haven't bought GRNT yet.
very interesting professor!
vaguely related to the commodities supercycle, how able a mining, logistics, and ports business in australia with no jurisdiction risk and is expanding production 3x: https://twitter.com/Fenix_Resources
Beautiful, I will take a look. Thank you
https://macro-ops.com/blog/fenix-resources-fex-900-upside-potential-in-iron-ore
Interesting idea. Entered a small position via selling May 25 puts.