The competition to acquire Suroco Energy between Petroamerica Oil and VETRA Holding is heating up this morning, with Suroco re-affirming their support for a deal with Petroamerica and calling out VETRA’s questionable tactics to gain support for their bid. According to today’s Suroco release, Vetra is paying a proxy solicitation fee to Investment Advisors who solicit Suroco… Continue Reading

A new offer has emerged for Suroco Energy that I feel is unimpressive. Suroco signed a friendly agreement with Petroamerica Oil to merge the two small Colombian oil companies in late April, 2014.  That deal was expected to close later this month. Then today, VETRA, a private firm which Suroco is partnered with on the Surioriente Block in Colombia’s… Continue Reading

Vancouver Canucks owner Aquilini Investment Group seeks to expand its empire to oil pipelines

If you are looking for a reason to get bullish on future oil prices look no further. The chart below is one of the most bullish charts in the energy patch today. This chart tells us two critical things. First, it tells us that the horizontal oil boom is due almost entirely to only two… Continue Reading