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OakesCS

11/10/12 2:22 AM

#6060 RE: DewDiligence #6053

I only own one o&g producer but i won't be buying any now 'cause I think the economy is going to tank and oil prices will drop or, at best, be flat.

Historically, most South American governments have not provided very useful investment environments; that includes brazil. So I'm unlikely to invest in any South American companies or any company which is highly leveraged on s American assets. However, I think the Ecuadorean stuff will be inconsequential to cvx even if Argentina does something nutty.