First, Venezuela has assets in the US. Secondly, Venezuela sends oil to the US for refining. With a court order that oil can be seized. Thirdly, US refineries can process lousy V crude. Thus, they get their best price and smallest shipping costs by selling here. Fourthly, they need US expertise to run their operations. All of these suggest a settlement is coming.
If you plan on being six feet under by the time the settlement is paid then you better die FAST! I see a much shorter time frame. Early 2014 will be the time the $5B - $10B will be paid. COULD even be in the late fourth quarter of this year. This block of money coming COP's way seems to have been forgotten by many analysts. Bad mistake on their part.
Hopefully you are right, but remember we are dealing with Venezuela here! Also it took 5/6 years for the ruling. But it could be huge for us COP holders if and when they pay..Be interesting how much actually is received. I'm sure there will be numerous appeals and negotiations!!
If they pay within 6 mos, I'll buy you lunch, I hope that you are correct..
You are correct in that most analyst have overlooked/forgotten this!