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Published: Sunday 22 September, 2013

longchamp le pliage large tote longchamp le pliage large tote Four of the top paid CEOS in Canada are in

But there, a few places back of TD Bank and a few ahead of Bank of Montreal, was one thats not so familiar to the man in the street. Unless, of course, that street is in Bogota, Colombia.

Thats where youll find shares of Pacific Rubiales Energy Corp. changing hands on the Bolsa de Valores de Colombia. Colombia is also home to the companys biggest asset, the Rubiales oil field, and to most of the firms heavy hitters.

Pacific Rubiales was formed by the 2007 reverse takeover of a mining company listed on the TSV Venture Exchange, and a subsequent merger with Vancouverbased Pacific Stratus Energy Ltd.

Four Pacific Rubiales executives made the top100 CEOs list, with each earning more than $11mi longchamp le pliage large tote llion in 2010.

Their titles all share chief executive aspects. . . . In addition, they are all paid the same salaries, indicating that they share e longchamp le pliage large tote xec responsibilities, McKenzie said in an email.

The oil and natural gas company also has offices in Miraflores, Peru and the bustling Latin American metropolis of, er, Toronto. Its traded on the TSX, making it one of four firms to be crosslisted in Toronto and Bogota. All four are in the oil and natural gas business, something Kozak says is no coincidence.

During the administration of president Alvaro Uribe from 2002 to 2010, the climate for investment in the countrys rich resources sector improved dramatically, Kozak said.

Everything changed when Uribe came in, said Kozak. He points to a drop in crime rates, and Uribes success in cracking down on paramilitary groups including the leftist rebels FARC. Just as crucial, says Kozak, was the 2004 creation of the Agencia Nacional de Hidrocarburos, ANH. Along with the creation of ANH came changes giving the Colombian government a smaller chunk of any oil field profits. It was an attempt to lure more foreign investment into the countrys oil sector, which had s longchamp le pliage large tote een production plunge from a thenpeak of 830,000 barrels per day in 1999 to 544,000 barrels in 2006.

Theyve almost doubled their production since then, said Kozak. In 2011, Colombia was producing more than 900,000 barrels per day.

In addition to the four companies crosslisted in Colombia, there are nine TSXlisted companies whose shares also trade on the main exchange in Lima, Peru, and eight on the Johannesburg Stock Exchange. All are mining firms, something Kozak again says is no coincidence, whether its foreign firms coming to Canada for capital, or Canadian companies going to other countries for their resources.

We go out and exploit resources around the world better than anyone else, said Kozak. He also called Canada the best source of resource capital for the world.

Oil, gas and mining firms make up just over 31 per cent of the companies listed on the TSX, but account for 40 per cent of the value, by market capitalization, according to statistics from TMX Group, which owns the exchange. longchamp le pliage large tote