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  • jabbas.bigmomma jabbas.bigmomma Jan 4, 2013 6:58 PM Flag

    should i invest in ConocoPhillips

    So when Venezuela unilaterally increases taxes it's political risk, when the US and UK do it, its something else?

    Sentiment: Sell

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    • believe what you want, I can't discuss with someone that hardheaded. their is a big difference between Chavez and Obama and it is called a Constitution

      • 1 Reply to rlbeard6734
      • The issue really isn't the difference between Presidents Obama and Chavez or the US and Venezuelan governments. Its that COP is exposed to large financial losses by the actions of the host governments of the countries they operate in. When the UK raised taxes a few years back, even within COP this was viewed as one of the largest nationalization of assets by a government since the windfall profits tax of the 70's. Because COP is retrenching largely to N America and Europe, they are more exposed to likely tax increases there, whereas before their political risk was spread out over more countries and more affected by possible nationalizations, war, etc.

        Sentiment: Sell

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