CNN en Espanol: Por qué los “chavistas” votarían por Obama

“Estados Unidos sigue siendo el único cliente real que paga en efectivo y el precio completo”, dijo Russ Dallen, jefe operador de Caracas Capital Markets, en Caracas. “Puede que Romney quiera utilizar esa influencia para dejar de subvencionar una espina que tiene clavada Estados Unidos”.

Dallen añade que Venezuela, o por lo menos el gobierno de Chávez, necesita que los precios del petróleo se mantengan altos, y Obama podría ser una apuesta más segura para ese escenario. “Obama está más dispuesto a tolerar los altos precios de la gasolina porque la gasolina, a 4 dólares el galón, provoca que las personas estén más dispuestas a invertir en tecnologías alternativas y que esas tecnologías sean más rentables”.

Wall Street Journal: Fading Chávez Rouses Markets

chavez-graphsRussell Dallen, a managing partner at Caracas Capital Markets, in the Venezuelan capital, says he has received dozens of inquiries from foreign investors about how to invest in the country’s stock market, and has advised some hedge funds that have jumped in. “International investors are seeing that they could have doubled their money,” Mr. Dallen says. Venezuela is home to some “great companies, even if they happen to be in a bad neighborhood.”

Reuters: Venezuela unlikely to sell U.S. refiner Citgo soon

State-Owned Oil Co. PDVSA Facilities As $1 Billion In Bribes AllegedThere is a lot of interest from foreign investors in the
bonds issued by Venezuela's government and its state oil firm,
which offer high returns but are consistently rated by risk
indicators as having the world's greatest chance of default.
 This month, PDVSA launched another $3 billion bond in its
latest bid to juggle its many obligations to service providers,
nationalized companies and social spending. [ID:nN25262594]
 Speculation about any sale of Citgo has also jacked up
interest in the $300 million of notes that were issued by the
U.S. refiner and mature in 2017, secured by its refineries, its
inventories and a portion of its accounts receivable.
 "If Citgo is sold, these bonds with an 11.5 percent coupon
will fly," said Russ Dallen, head trader at Caracas-based BBO
Financial Services.

Reuters: Venezuela’s PDVSA plans to issue $3 billion bonds

latam-moneyRussell Dallen, head trader at Caracas Capital Markets in Venezuela, said the new PDVSA issue should be as attractive for investors, as the other two.

“The indications are that they are willing to put it out there cheaply,” he said.

Last week’s issue was “a gift” for buyers, Dallen said.

“Simply put, there is no other place to go in the international credit markets to find a similar credit profile and get those kind of 13 percent yields,” he said.

New York Times: As Others Fled Venezuela, Stanford Saw a Chance

“They had this beautiful new building, and clients of mine would come in and tell us they were transferring their assets to Stanford because they were promised returns of 14 percent,” said Russell M. Dallen Jr., who ran Oppenheimer’s operations in Caracas before going to BBO, a Venezuelan investment bank, where he oversees capital markets activities.