I saw an amazing possible scenario today from an "expert" on oil and commodity prices. He said he could actually see a scenario where the price of oil went NEGATIVE, i.e. you would have to pay someone to take it off your hands. This would be temporary, but possible within the laws of supply and demand. Sounds crazy, but think about it. We have a huge glut of oil coming on from the price war between Saudi Arabia and Russia, both pumping like there's no tomorrow and don't care how low it goes. We have a huge cut in demand, from the airlines and cruise ships and people staying inside the house and driving way less. And there is actually a finite number of barrels that can be stored. When those storage areas are full, you end up with the perfect storm. Now, I'm not saying that happens, but what if it drops down to 10 dollars a barrel? What will happen to the economy of Colombia? It's great our dollars go farther, but I'm sure you can see how disastrous this might be for Colombia. I don't want to imagine the worse case scenarios.
Regarding the Earnings Distribution Proposal reported to the market on March 2, 2020 the Board of Directors proposed a new payment scheme consisting of: a first payment of 100% of the dividend to minority shareholders and 14% of the dividend to the majority shareholder, to be made on April 23, 2020, and the payment of the remaining 86% of the dividend to the majority shareholder to be disbursed during the second half of 2020.
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opigez1358: Thank you
Oct 17, 2019 12:08:59 GMT -5
gallito: New members welcome aboard! Get yourselves comfortable and join a discussion.
Feb 16, 2019 15:06:48 GMT -5
Deleted: hey everyone
Jan 7, 2019 0:34:39 GMT -5
barrumundi: Merry Christmas and a Happy New Year to all our members and visitors from the Admin Team.
Dec 24, 2018 9:33:15 GMT -5
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scumbuster: The only chat feature I see available in our toolbox is the shoutbox.
Dec 10, 2018 20:40:57 GMT -5
barrumundi: Just made the "Exchange rate" thread a 'sticky' so it stays at the top. It is currently 9 pages long and our 6 sticky threads combined have had more than 140,000 views!
Dec 1, 2018 9:33:50 GMT -5
gallito: Customize your profiles it's easy to do,pick a profile picture and add a slogan.
Sept 12, 2018 12:13:17 GMT -5
barrumundi: Merry Christmas and Happy New Year to all our Members and Visitors. May you all have a safe and prosperous festive season.
Dec 23, 2017 15:40:32 GMT -5
gallito: osoblanco,welcome to the board,jump into a discussion,create a topic!
May 31, 2017 12:59:51 GMT -5