The loan is expected to be executed with Banco de Bogotá S.A. (COP 642 billion), Banco de Occidente S.A. (COP 208 billion) and Banco Popular S.A. (COP 150 billion), as lenders. The term of the loan is expected to be seven (7) years, with a grace period of two (2) years from the date of the first disbursement. The amortization is expected to be made in ten (10) equal semi-annual installments once the grace period is over and the interest rate is expected to be indexed to the IBR in the terms previously agree ...

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Ecopet ...

Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Danielle Peyton NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Ecopetrol S.A. ("Ecopetrol" or the "Company") (NYSE: EC). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Ecopetrol and certain of its officers and/or directors have engaged in securities fraud or other unlawful bus ...

Ecopetrol (EC) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this oil and natural gas exploration company have returned +4.9% over the past month versus the Zacks S&P 500 composite's +3.2% change. The Zacks Oil and Gas - Integrated - Emerging Markets industry, to which Ecopetrol belongs, has lost 4.8% over this period. Now the key question is: Where could the stock ...

NEW YORK, May 30, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Ecopetrol S.A. ("Ecopetrol" or the "Company") (NYSE: EC). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Ecopetrol and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On May 22, 2024, Ecopetrol ...

BOGOTA, Colombia , May 30, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") reports that the amendment to its bylaws has been registered with the Chamber of Commerce of Bogotá on March 29, 2024. This amendment was approved by the General Shareholders' Assembly in an ordinary session held on March 22, 2024, and is contained in Public Deed No. 3136 of May 21, 2024, executed by Notary 68 of the Bogotá D.C. District. This register does not include the corporate purpo ...

BOGOTA, Colombia, May 23, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") reports that credit rating agency Moody's downgraded its global credit rating from Baa3 to Ba1 and changed the outlook from negative to stable. Additionally, the agency reduced the individual rating (BCA1) from Ba3 to B1. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and S ...

Crude oil prices have been busy this year, rallying from ~$70 at the start, to a high of $88 in early April. Prices have since fallen back to $78 today, where they seem to have found a balance. However, with the US economy remaining extremely robust, and structural dynamics limiting excess oil production, I believe there is a good chance we will have another leg higher in oil prices coming soon. I am watching this tight consolidation in the price action of crude oil between $77.90 and $79.60. I think a brea ...

BOGOTA, Colombia, May 22, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") reports that between May 3, 2024 and May 9, 2024, the Company and its subsidiaries, Cenit Transporte y Logística de Hidrocarburos S.A.S. ("CENIT") and Oleoducto Central S.A. ("Ocensa") were notified of Resolution No. 20884 of April 26, 2024, through which the Superintendency of Industry and Commerce (SIC) opened an investigation and formulated charges to determine alleged infringements to ...

BOGOTÁ, Colombia, May 21, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, as reported yesterday, May 20, 2024, the quorum required to hold the ordinary meeting of holders of Ecopetrol's bonds issued in 2010 and 2013 were not met. Such meetings had previously been called by Alianza Valores Fiduciaria S.A. and Itaú Fiduciaria Colombia S.A., as representatives of holders of the 2010 and 2013 bonds, respectively (the "Representatives"). For the above reason, the Representatives have ...