Caiman Valores
Contrarian, long-term horizon, research analyst, value

Ecopetrol's Sell-Down Creates A Value Investment Opportunity For Long-Term Investors

Over the last month, Colombia's largest company, government-controlled Ecopetrol (NYSE:EC), has seen its share price plunge by almost 31% for the year-to-date period, which saw it recently touch a new 52-week low. This sell-down was triggered by disappointing full year 2012 and now first quarter 2013 results, with the company missing analyst consensus for the first quarter with net income falling 20% year on year. While this indicates that Ecopetrol's performance is waning, I do believe that it represents a solid long-term investment and that this sell-down has created a value entry point for investors. In this article, I will discuss why the company's performance has declined and explain the key catalysts that will allow it to

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