Ecopetrol Q2 EPS of COP$79.13

Ecopetrol (EC): Q2 EPS of COP$79.13 vs. COP$89.39 in 2Q12.

Revenue of COP$15.32T vs. COP$14.8T in 2Q12. (PR)

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Comments (2)
  • vladbalza
    , contributor
    Comment (1) | Send Message
    Net earnings of EC is down this quarter , but sales increased to 15,3 billion COP this semester againts 2012. The yield of the dividend is good, about 5,4%, it´s a very good profitability. Mi suggestion is buy, now the share is cheap, the ADR is about USD45,5, whit projected dividend about 2,5 USD per share! (This is 5,4% yield!) It´s very possible thar colombian goverment sale its sharing in EC, or seek a investment partner, what may arise the share price...
    1 Aug 2013, 11:07 AM Reply Like
  • Caiman Valores
    , contributor
    Comments (2294) | Send Message
    While I am a big fan of EC and believe that the company is one of the best managed integrated oil majors it is not out of the woods yet. Until the company can start to show clear demonstrated results concerning its exploration program and minimize the depletion rates in its wells it remains of some concern.


    I would also like to see further clarification as to whether the ANH will take the Rubiales field off Pacific Rubiales and award it to EC. But given the opaque nature of Colombian bureaucracy this is proving difficult to confirm.


    But the dividend yield combined with its current price does represent a compelling entry point.
    3 Aug 2013, 10:18 PM Reply Like
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