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May 2, 2012
via Breakingviews

Oil majors can only admire Colombia’s titan

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By Raul Gallegos

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Global oil majors can only sit back and admire Colombia’s titan. State-controlled Ecopetrol just reported a 37 percent jump in first-quarter earnings and a 50 percent EBITDA margin that exists in the dreams of the likes of ExxonMobil. Replacing reserves will be tricky for Ecopetrol going forward, but the company, now worth a whopping $135 billion, still looks like the best oil play in Latin America.

Apr 23, 2012
via Breakingviews

Oil majors can’t afford to shun Argentina

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By Raul Gallegos
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The seizure of YPF may not be the end of it. Argentine President Cristina Fernandez could easily embark on an overhaul of the entire energy sector. Even so, the country’s vast shale reserves are too important in the global scheme of things. The nationalization is bad, but Big Oil can’t afford to shun Argentina.

    • About Raul

      "Raul Gallegos is the Latin America financial columnist for Reuters Breakingviews. Raul has more than a decade of experience covering the region’s business, finance and economics. His work has appeared in the Wall Street Journal, the LA Times and Institutional Investor. From 2004 through 2009, Raul was the Venezuela-based oil correspondent for Dow Jones Newswires, and a member of the OPEC coverage team in Vienna. He holds a bachelor's degree in economics from the University of California at Berkeley and a master's degree in International Affairs from Columbia University. He was a 2010 Knight-Bagehot Fellow at the Columbia Business School. ..."
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