Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
Login Archives Your Team About Us FAQ
[mmpazkzone name="azk58712-mobile-nav" network="9794" site="307044" id="222451" type="5"]
  • Subscribe
Enter stock ticker or keyword
×
[mmpazkzone name="azk58712-mobile-sticky" network="9794" site="307044" id="222451" type="5"]
Join 100,000+ Like-Minded Investors Today
Twitter
Tags: Commodities, Oil, William Patalon III

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

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

View Comments

Start the conversation

William Patalon IIIWilliam Patalon III

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.

William Patalon IIIWilliam Patalon III

About the Author

Browse William's articles |

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 at Money Map Press.

… Read full bio

Trackbacks

  1. 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 […]

  2. 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 […]

  3. 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 […]

  4. 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?  […]

  5. 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). […]

  6. 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…. […]

  7. 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 […]

ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us How Money Morning Works FAQs Contact Us Search Article Archive Your Team Text Messaging Terms of Use
TOPICS
AI Investing Best Stocks to Buy Stock Forecasts Stocks to Sell Now Technology Stocks Best REITs to Buy Now IPO Stocks Penny Stocks Dividend Stocks Cryptocurrencies How to Trade Options Best Trades to Make Now Options Trading Strategies Weekly Trade Recommendations Income Investing Guide Retirement Articles Special Investing Reports Meet Our Experts
PREMIUM SERVICES
Money Map Press Home Fast Fortune Club Microcurrency Trader Rocket Wealth Initiative Quantum Data Profits Darknet Alpha Accelerators Brutus Alerts Resource Traders Alliance Rob Roy Trader Long-Term Equity Profits

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information