RE:Links explaining Country risks in Colombia Not buying it as I live in Colombia. The Peso devalued to US dollar from 4000 to a little over 5000. Today the peso is @ 4590 based on fear mongering by right that the left would turn Colombia into VZ and the rise in US interest rates. The stock price of both EcoPetrol, Bank of Colombia took hits. The oil company EcoPetrol is owned by Colombian govt and Colombian govt gets it's big dividends from EcoPetrol. Contrary to the right wing ideologues Colombia still has 183 exploration licenses in good standings. The govt has softened it's position as it realizes killing the Company that lays their Golden eggs is not realistic. Petro govt has also stated the turn towards green is a gradual 10 year process. The Peso also weakened due to US raising interest rates. I expect with oil prices staying strong and US eventually stops interest rate rises that US peso will return to 4000 vs US dollars. Since oil produced in Colombia is denominated in US dollars it should help their margins. Also take note Colombian presidential elections are once every 4 years. No second term for current administration. Colombia is not VZ and anyone making the comparison is full of chit. The govt got what they wanted with a modest increase per barrel in taxes. I am very happy living here with reasonably priced gas around 2.15 a gallon and utility costs (gas/electric/water/garbage combined) around 50US a month. Property taxes very cheap as well. Now Fitch has a B+ rating on FEC debit. So to each their own but I stand by my statement FEC is severely undervalued.