From the Motley fool date July 7, 2018:

Good point!

"
When you buy heavily cyclical stocks at low prices... and then hold the shares until the cycle reaches its peak... you can make a very healthy profit.

Every investor knows that. But many struggle to identify the best opportunities.

Except The Motley Fool "


Part of the article:

"In an expected outcome, conservative Colombian presidential candidate Ian Duque won the presidency against former guerrilla, Bogota mayor, and leftist Gustavo Petro. While many Canadian investors could be forgiven for pondering why this is important, it is easy to explain.

You see, many Canadian energy companies have held pioneering roles in developing Colombia’s oil industry in recent years. The election of Duque has removed much of the political risk that was being priced in by markets for companies such as Gran Tierra Energy Inc. (TSX:GTE)(NYSE:GTE) and Parex Resources Inc. (TSX:PXT). That victory, along with firmer crude, has seen both companies soar over the past month, gaining 26% and 35%, respectively.

In Colombia, investors seeking exposure to oil will find some intriguing, attractively priced upstream oil producers that are experiencing considerable success in an operating environment where the degree of geopolitical risk is lower than many believe. "

"
During the sustained slump in crude, Colombia’s government introduced a series of reforms aimed at reducing the tax burden for foreign oil companies. Those developments — along with reduced political risk, an improving security situation, and lower operating costs — make it an attractive destination for foreign oil companies. It is these qualities coupled with high-quality assets, reserves majority weighted to oil, growing production, and an ability to access Brent pricing that make Gran Tierra and Parex attractive plays on the improving outlook for oil."


https://www.fool.ca/2018/07/07/latest-political-developments-in-colombia-a-positive-for-its-oil-industry/