Texas Billionaire Investing in Colombian Natural Gas Ahead of Projected Shortage [Yahoo! Finance]
Ecopetrol S.A. American Depositary Shares (EC)
US:NYSE Investor Relations:
ecopetrol.com.co/wps/portal/web_es/ecopetrol-web/corporate-responsibility/sustainability/bank-of-best-practices/investors
Company Research
Source: Yahoo! Finance
The oil and gas market is the key to Colombia's national revenue, accounting for roughly 10% of GDP and 20% of exports. However, decreasing onshore production, delayed start-up of new offshore discoveries and President Gustavo Petro's focus on renewable energy are creating ongoing challenges in the sector. This shortage is compounded by the challenges caused by El Niño and declining oil and natural gas reserves, as Colombia strives to maintain its position in the global energy market. El Niño has reduced hydropower generation in Colombia, increasing reliance on natural gas for electricity and boosting demand amid a tight supply. By 2025, Colombia's natural gas supply will fall short of demand by 17% according to state-owned oil producer Ecopetrol SA. What's more, Colombia's proven oil and natural gas reserves can last only around seven more years at the current extraction rate. While recent gas discoveries offer some hope, Colombia is still grappling with the challenge of decli
Show less
Read more
Impact Snapshot
Event Time:
EC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
EC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
EC alerts
High impacting Ecopetrol S.A. American Depositary Shares news events
Weekly update
A roundup of the hottest topics
EC
News
- Ecopetrol announces the dates for the publication of its first quarter 2024 report and conference callPR Newswire
- Colombia predicts $10 bln in foreign investment from Europe this year-minister [Reuters]Reuters
- Ecopetrol: Attractive Dividends Plus Upside Potential, Rating Unchanged [Seeking Alpha]Seeking Alpha
- Ecopetrol files its 20-F Annual Report before the Securities and Exchange CommissionPR Newswire
- Ecopetrol Publishes Periodic Year-End Report for 2023 [Yahoo! Finance]Yahoo! Finance
EC
Sec Filings
- 4/25/24 - Form 6-K
- 4/19/24 - Form F-3ASR
- 4/19/24 - Form 6-K
- EC's page on the SEC website