Ecopetrol S.A. (EC)
Pre-Market:
| Previous Close | 11.85 |
| Open | 11.90 |
| Bid | 0.00 x 3100 |
| Ask | 0.00 x 4000 |
| Day's Range | 11.87 - 12.07 |
| 52 Week Range | 8.59 - 13.14 |
| Volume | |
| Avg. Volume | 2,009,382 |
| Market Cap | 24.793B |
| Beta (5Y Monthly) | 0.76 |
| PE Ratio (TTM) | 4.73 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 3.20 (26.53%) |
| Ex-Dividend Date | Jun 25, 2024 |
| 1y Target Est | N/A |
- Reuters
Measures by Colombia stock exchange may allow it to stay in JPMorgan index -president
Measures adopted by the Colombian stock exchange and securities issuers to improve liquidity could be enough for the country to hold onto its "emerging market" classification and stay in a key JPMorgan index, but more progress is needed, the stock exchange's president said. Last year JPMorgan warned Colombia could be excluded from its MSCI emerging markets index and be downgraded to a frontier market due to declining liquidity. The warning sparked a sharp drop in share prices across the stock exchange as a downgrade would drive away foreign investors guided by the bank's indexes.
- Reuters
Colombia predicts $10 billion in foreign investment from Europe this year-minister
Colombia expects to attract $10 billion in foreign investment from Europe this year, especially in renewable energy, Finance Minister Ricardo Bonilla said during a visit to London. "We are talking about investments for $10 billion to start, which will help us settle important and strategic projects," Bonilla told journalists alongside British officials. "Ecopetrol is at a key moment to make strategic alliances in the effort to build green hydrogen," he said, referring to Colombia's majority state-owned energy company and adding that there are conditions for investment in hydrocarbons to move into renewable energy.
- Reuters
UPDATE 2-Ecopetrol gas field could produce up to 30 mln cubic feet a day by 2026
The Arrecife gas field could produce between 20 million and 30 million cubic feet per day between 2025 and 2026, said Ricardo Roa, CEO of Colombia's majority state-owned oil company Ecopetrol. The leftist government of President Gustavo Petro has come under pressure from industry groups urging it to ensure self-sufficiency in gas amid a pause in new exploration licenses. "Arrecife very quickly will be able to give us between 5 and 10 million cubic feet per day, but surely between 2025 and 2026 it will be giving to the system between 20 and 30 million cubic feet per day," Roa told a gas conference in the city of Cartagena on Thursday.
