Venezuela Says "Adios" to Most Foreign Investment, Making it a Stay-Away Play for Investors

By William Patalon III, Executive Editor, Money Morning • @privatebrief • June 29, 2007

Start the conversation

By unilaterally stripping away the Venezuelan oil holdings of both Exxon Mobil Corp. and ConocoPhillips, Venezuela President Hugo Chavez has essentially bid adios to future investments by foreign corporations.

Join the conversation. Click here to jump to comments…

William Patalon III

About the Author

Browse William's articles | View William's research services

Before he moved into the investment-research business in 2005, William (Bill) Patalon III spent 22 years as an award-winning financial reporter, columnist, and editor. Today he is the Executive Editor and Senior Research Analyst for Money Morning. With his latest project, Private Briefing, Bill takes you "behind the scenes" of his established investment news website for a closer look at the action. Members get all the expert analysis and exclusive scoops he can't publish... and some of the most valuable picks that turn up in Bill's closed-door sessions with editors and experts.

… Read full bio

(7) COMMENTS
FACEBOOK COMMENTS
TAGS

Tags: Commodities, Oil, William Patalon III

Trackbacks

Colombia: Latin America’s Hidden Gem for Investors says:

August 29, 2008 at 5:14 am

[…] in the false recovery of Argentina, the total disasters of Venezuela, Bolivia and Ecuador, and the sad, gradual backsliding in Chile, and you can see why many investors […]
Profit Opportunities From the New Cold War says:

September 5, 2008 at 12:40 am

[…] its thuggish approach and expensive military machine, is likely to run out of money quite quickly. As with Venezuela, foreign investors will then be the most obvious people to […]
Is Venezuela's Stagflation the Beginning of the End for Chavez? says:

September 2, 2009 at 12:02 pm

[…] demonstration was a pointed reminder of a 2007 incident, which is still playing out in the international courts. Two years ago, Venezuela forced six oil […]
Brazil's Petrobras Agrees to Invest up to $1 Billion in Bolivian Natural Gas Projects says:

December 9, 2009 at 12:00 am

[…] Think of it this way: If you were the Brazilian president trying to keep pace with your country's ravenous energy consumption, would you rather buy natural gas from neighboring Bolivia or negotiate with Hugo Chavez in Venezuela? […]
A Money Morning Interview: The Future of Energy says:

December 9, 2009 at 12:36 am

[…] TO BE AVOIDED: Iran (sanctions and buyback contract frustrations), Mexico (collapsing infrastructure and nationalization), Venezuela (significant technical shortcomings, concerns over productivity assessments, and absence of Western operators). […]
Eight Ways to Profit if OPEC Dumps the Dollar says:

February 5, 2010 at 3:37 pm

[…] Morning Investment Analysis: Venezuela Says "Adios" to Most Foreign Investment, Making it a Stay-Away Play for Invest…. […]
When Investing in Latin America, Politics Point the Way to Profits - Money Morning says:

November 10, 2010 at 10:11 am

[…] back in 1957; the country was badly run even before Hugo Chavez came to power in 1998. These days, every foreign company is liable to be nationalized. Avoid. Brazil: This was well run in the 1990s, but entered a crisis in 1998-2002, which led to […]

Trackbacks

You may choose from these hot topics to start receiving our money-making recommendations in real time.

Interested in other topics? You can add more alerts below.