Ecopetrol (EC) Stock Price, News, Quotes-Moomoo

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News

Libya once again becomes the market focus, oil prices stop falling for two consecutive times.
After two consecutive days of decline, oil prices rose slightly on Thursday, as concerns about the supply from Libya once again became the focus.
Zhitong FinanceAug 29 04:51 ET
Banco Santander Initiates Ecopetrol(EC.US) With Sell Rating, Announces Target Price $10.2
Moomoo NewsAug 28 21:31 ET · Ratings
Ecopetrol Loses Two Board Members in Wake of Nixed Occidental Oil Deal
Seeking AlphaAug 28 11:53 ET
US Total Crude Oil Stocks Decline in Week Ended Aug. 23
MT NewswiresAug 28 10:41 ET
Oil Prices Give Back Some Gains After Rally on Libyan Production Halts
Dow JonesAug 27 09:51 ET
Goldman Cuts Oil Outlook Below US$80 as Opec+ Risks Send Chill
The Edge MarketsAug 27 05:20 ET

Comments

Space Dust

9 hours ago

from recent news article

$Ecopetrol (EC.US)$ - two board members have quit following the company's decision to pull out of a $3.6B deal to buy a stake in Texas shale assets from Occidental..
The deal was "fundamental" to the Colombian company's future, and its finances will deteriorate without the resources it would have provided, the two members reportedly wrote in their resignation letter.
Ecopetrol's (EC) board approved the planned purchase of a 30%, but after Colombian President Gustavo Pe...

CNNT

Aug 23 11:35

Post #7 - Aug P&L sharing

I admit I bought $Ecopetrol (EC.US)$ before conducting proper analysis. I just based on dividend yield, PE and the industry.
If the market agreed with me, this Colombian national petroleum company listed on NYSE (Petronas equivalent in Malaysia) would have increased in price, but it didn't.
Turns out that while this counter is considered undervalued, it is also a value trap because the EPS and other profit indicators dropped compared to 2023.
But, luck may be on my side...

Share Your Profit/Loss

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Bees Knees : Same, I started my investment journey a couple of months ago and its not been easy! While the price is down right now it has a lengthy history so there is some future to be had. I don't think its a quick turnover, but I think staying put will offer some good returns

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Space Dust : i have spent substantial time digging into the dynamics of the company as dividends are becoming more popular choices.
so far, according to others, the leftist leader of Colombia has really been an issue with EC..
whenever someone leftist sees a target to extract resources " for the people" .
many investors are apprehensive to someone waking up everyday thinking of ways to " rob the rich, feed the poor"
short sighted mentality, as the cash cow can only be slaughtered once .
and it provides the and .
so, milk it as much as possible..
when dividend time comes, putting his hand in there , and
" giving to the poor" and then..
you KNOW, he thinks," welp,nice dividend , how can we take 1/3 of that.. the " rich " are greedy and should be satisfied with less .

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CNNT OP Bees Knees : Ya, I have to agree on principle. But first, we have to drown out the noise and curb that short-term opportunitic urge. I set out to reap long term benefits but was tempted to explore all the exciting shiny things and got lost a bit. But still, in the early days in the journey, let's not make the same mistakes over and over.

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CNNT OP Space Dust : I guess you are right at a philosophical level and it could play out that way, so its something we should ve keenly aware of. But what bugs me is some of the unhealthy financial numbers, suggesting the company is not well run. So while promising, I won't hold too much of such stocks.

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Space Dust : good instincts. did you see the article on the 2 board members that left?

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