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Mexico Front-Runner Sends Mixed Signals on Private Oil Deals

  • Advisers back tenders yet also suggest end of future auctions
  • Lopez Obrador’s finance pick says views aren’t contradictory

Just four months before Mexico’s presidential election, front-runner Andres Manuel Lopez Obrador is keeping all options open regarding the country’s energy opening as a unified message on the topic continues to elude his top advisers.

"At this stage we don’t know who Lopez Obrador is going to listen to because he’s spoken from both sides of his mouth." said Carlos Legaspy, who helps oversee $400 million in corporate bonds for InSight Securities Inc. in Highland Park, Illinois, including Mexico debt.