Petro has won the election.
(From - Yahoo Finance)
He is mistrusted by many investors, especially since his plan to gradually phase out oil and coal would deprive the nation of about half of its export revenue. But it is unclear how much of his agenda he’ll be able to implement given that he that he and his allies lack a majority in congress.

Colombia’s strong institutions will provide checks and balances: The constitutional court may block some of his plans, while the central bank’s independence is enshrined in the constitution. He has also reached out to centrists, alleviating some investor fears.

Petro plans to tax big landowners, halt the awarding of oil exploration licenses and revive ties with the socialist government of Venezuela. He also wants to protect local farmers and industry using import tariffs, a radical shift in direction for a country that has liberalized trade in recent decades.



I hope that with oil playing a large part of Columbia’s economy Petro
won’t do anything detrimental.

I’m thinking $70 or $80 a share.

I may sell when the decimal point is on the back of 70.