Nicked: but I'm sure "our" fund managers were all prepared for this?...;o) Ah yes the "beauty" of "globilization" investing.Author: sano Number: of 145535 Subject: Bolivia grabs the gas Date: 5/1/06 1:29 PM Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it! Recommendations: 0 16 minutes ago.....LA PAZ, Bolivia - President Evo Morales nationalized Bolivia's natural gas industry Monday, ordering foreign energy companies to send their supplies to a state company for sales and industrialization. Speaking at the southern San Alberto gas and oil field, Morales warned that companies who rejected the decree would have to leave Bolivia.The main oil companies operating in Bolivia are Brazil's Petrobras, the Spanish-Argentine company Repsol YPF, British companies British Gas and British Petroleum, and France's Total.Reminds me of Mexico and Telefonos de Mexico..... one day you own stock in TelMex, then boom, you own nada... then they privatize and sell stock again. Or maybe not?KBM (No position)
South American investments worry me more than any others. What surprises are in store in Venezuela?Hedge
No one knows.....but I'll be following closely as I hold a tranch of COP (heavy crude E&P in Venezuela)KBM O&G maven
No one knows.....but I'll be following closely as I hold a tranch of COP (heavy crude E&P in Venezuela)I have only one thing to say to you: Aaaaiiiieeeeeeeeee! :o) Fortunately, EEM holds no Bolivia and only 0.22% Venezuela.Good luck.Hedge
but I'll be following closely as I hold a tranch of COP (heavy crude E&P in Venezuela)Speaking of COP - I inherited a few shares based on the BR I had.
"I Know" Aaaaiiiieeeeeeeeee! :o)It's not luck I need, rather just paying attention to the "noise". COP's been verdy verdy good to me for a very long time. Smart "crew", course then I've got Russia to worry about with them as well.....LOL Oh "H!" somedays it's just a dry hole in the "bidness"KBM (since 1974)
I see that the Bolivian president has ordered military occupation of the fields. http://news.yahoo.com/s/ap/20060501/ap_on_re_la_am_ca/bolivia_gasHedge
Just read that Argentina is going to follow this exact same path.Makes you wonder who is behind this get rich quick scheme at the expense of thousands of everyday folks.
Just like in this country, it's the wealthy "campaign contributors" (or "patrons") who support the officials. In this country we have the Koch brothers and a few others. Don't know who it is in Argentina, but there's someone equivalent pulling the strings.
>> In this country we have the Koch brothers and a few others. <<For equal time: George Soros.#29
For equal time: George Soros.I don't think he's quite as active as the Koch's (who founded, and continue to fund, the Tea Party), but sure...why not.He mostly seemed to want Dubya gone...http://en.wikipedia.org/wiki/Soros#Political_donations_and_a...
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