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Oxy deal

$Ecopetrol (EC.US)$ having a corrupt board appointed by the nations leader back out of a huge deal. that was probably the main thing holding up the share price.
then, the board members supposedly not govt stooges resign.
so, in worldwide downturn, when poor and needy are more poor and needy, the leftist leader will squeeze harder and harder all state owned assets to increase support?
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  • Wealth Magnet : My view is different. some energy stock had fell about 5% yesterday, KOS, EC, NFE, they suffered quite badly for last quarter. DJI had been on the high side and it is time it start a small correction, based on my technical analysis. The value of EC i would say, average price range as for now is worth about $11 from my TA indicators, on the high side, long term it should be worth $30+ just hang on and collect dividend for now and wait to be rich in time to come

  • 104420042 Wealth Magnet : might not have dividend if later on found to perform poorly?

  • Wealth Magnet 104420042 : I checked the history, over past years only 2007 and 2016 have no record of dividend, but there was always dividend for every year, just a matter of more or less and some years even have special dividend. corrupt or not, they still profit isn't it? fuel is always in a need and never will be free, therefore I strongly believe it will be back to 30 or 40 over the years

    if you buy stock hoping you will be rich, then continue to invest, if you buy stock for other reason than to make profit, then maybe it's not suitable for you

  • Space Dust OP : cony...!!

  • 104420042 : suspect 2025 no dividend

  • Space Dust OP Wealth Magnet : the leader planted people on the board,
    breached a deal over an oil venture last minute,
    has stated a goal of moving past oil 🛢️.

    plastic. oil is used in more than fuel ⛽. not the point. fuel will always be needed.
    how many places sell oil?

    " still profit". [undefined]

    no due diligence needed then.. [undefined]