“Colombia is a buy and is on the move right now. Colombia ticks all the boxes with regards sectoral flow analysis, even if one has to look past the official figures and into the murky drugs underworld and the black economy,” according to a Seeking Alpha analysis of the Colombian economy.
In recent years, Colombia’s production growth turned it into South America’s third-largest oil producer behind Brazil and OPEC member Venezuela. However, some of Colombia’s headline-making oil finds have not been as lucrative as previously hoped and Ecopetrol lacks the offshore heft to compete with other major global integrated oil companies.
Colombia reached a peace deal with the rebel group FARC last year, ending a bloody, decades-long rift with the peasant group.
“Colombia’s second-largest rebel group has agreed to free a prominent politician held captive for almost a year, clearing the way for repeatedly postponed peace talks to begin next month,” reports the New York Times.
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