Quotes from the news wire:
The market has been pricing in a downgrade with a negative outlook, anything different from that, such as downgrade with a stable outlook, will be positive for Colombia.
Found on Reuters 8 years ago
The market wants to see action (and is) no longer satisfied with promises anymore.
Found on Reuters 9 years ago
Brazil represents about 50% of their income, which is expected to be much less because of the weakening of the Real and the recession in Brazil.
Found on Reuters 9 years ago
Everyone is clearing their positions and getting out where they can, but every day it is getting more difficult to find liquidity on both sides of the trade.
Found on Reuters 9 years ago
Many people are concerned that the Real will go to 4.00 (against the dollar) and they don't want to step in until they have more certainty regarding Brazil.
Found on Reuters 9 years ago
At this level you get bonds with a high-yield and provides some protection against devaluation.
Found on Reuters 9 years ago
It is not just Brazil anymore, we have seen sellers in Colombia, Costa Rica (and other countries).
Found on Reuters 9 years ago
Nobody wants to step in right now, though many bonds are cheap compared to a few weeks ago.
Found on Reuters 9 years ago
They have almost 20% and they could gather enough shares to block (the acquisition), but I don't think it is in their interest to do so, they have no intention of buying the company. They want to increase the price, but if Alfa decides not to go ahead, they have a lot to lose. You can only pressure up to a certain point. It is now a poker game.
Found on Reuters 9 years ago
The change of control could only be triggered if the company is downgraded, which is not the case as Alfa is better rated than Pacific Rubiales.
Found on Reuters 9 years ago
This means that O'Hara is a bigger owner than Alfa, and I don't believe Alfa wants a partner.
Found on Reuters 9 years ago
I guess they were waiting to make a cheaper offer, we always thought the market wasn't pricing in the possibility that Alfa would buy control of Pacific Rubiales. Alfa needs an operator if it wants to participate in energy auctions in Mexico.
Found on Reuters 9 years ago
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