PetroFalcon's CFO touts opportunities in Venezuela

PetroFalcon Corp. may offer the ultimate bet today for a contrarian energy investor: the chance to put money to work in Venezuela's unpredictable oil and gas industry. The tiny TSX-listed company is firmly embedded in the crumbled Venezuelan oilpatch but it believes it holds a unique place in a world of soaring crude prices and peak oil -- if you subscribe, that is, to the theory of diminishing supply. 'We see ourselves as a tradeoff between potential political risk but positive, low-risk geological upside,' said Garrett Soden, PetroFalcon's 34-year-old chief financial officer, emphasizing the word 'potential.'