Ecopetrol S.A. (NYSE: EC ) (TSX: ECP:CA ) is a solid investment to gain exposure to fossil fuels, despite potential sector weakness and dividend fragility. While investors can be appealed by the stock's 16% dividend yield, this stock I am always on the lookout for strongly undervalued stocks, in the dirt and under the rocks. Following me will allow you to read about little known, forgotten and underrated stocks, in any geography and sector.My name is Akim and I am a professional portfolio manager for invest ...

BOGOTA, Colombia, Sept. 24, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, in compliance with the ruling issued by the Fourth Labor Court of the Santa Marta Circuit, the names "Uchuva" and "Tayrona" will no longer be used to refer to its offshore exploration projects in the Colombian Caribbean, nor any project in which the Company is involved. This mention of the former names is made only once to comply with the court's order. In collaboration with Petrobras, Ecopetrol's partne ...

Petrobras S.A. (PBR) and Ecopetrol (EC) have suffered a major setback while drilling for an offshore gas well in Colombian waters. A Colombian judge has ordered the companies to stop the drilling of the Uchuva-2 well in response to a suit filed by an indigenous community that sought protection. The community hailed from the Taganga area, which lies close to the city of Santa Marta. Dispute With the Indigenous Community The community stated that the companies should have sought their approval prior to drilli ...

BOGOTÁ, Colombia, Sept. 5, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that today was the settlement of the partial make whole of the Notes due 2026, originally issued in 2015 for a nominal amount of US$1.5 billion. This make whole covered a notional amount of US$250 million and the repurchase price was US$1,014.41 per US$1,000 of principal, for a total of US$253,602,675.24, plus accrued interest up to the redemption date. The partial make whole wa ...

BOGOTA, Colombia, Sept. 3, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that the Board of Directors made the following appointments on August 30, 2024: David Alfredo Riaño Alarcón, Executive Vice President of Energy Transition, as legal and alternate commercial representative. Camilo Barco Muñoz, Corporate Vice President of Finance and Sustainable Value, as alternate legal and commercial representative. Cristina Toro Restrepo, Corporate Legal Vice P ...

BOGOTA, Colombia, Aug. 21, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that the Ministry of Finance and Public Credit ("MHCP") has authorized Ecopetrol to execute a loan agreement for up to two-hundred fifty million dollars through Resolution 2476 dated August 20, 2024. The loan is expected to be executed by and between the Company, as borrower, and Sumitomo Mitsui Banking Corporation, as lender. The term of the loan is expected to be five years, w ...

Ecopetrol S.A. (NYSE:EC) Q2 2024 Earnings Conference Call August 14, 2024 10:00 AM ET Company Participants Ricardo Roa - Chief Executive Officer Rafael Guzman - Acting Executive Vice President, Hydrocarbons David Riano - Executive Vice President, Transition Energy Javier Cardenas - Acting Chief Financial Officer Nicolas Azcuenaga - Vice President, Strategies Walter Canova - Vice President, Refining and Industrial Processes Alexander Cadena Motezuma - President, Cenit Felipe Trujillo Lopez - Commercial and M ...

Ecopetrol SA (EC) is set to report second-quarter 2024 earnings on Aug 13, after the closing bell. In the last reported quarter, the company's earnings of 50 cents per share missed the Zacks Consensus Estimate of 59 cents. EC's earnings beat the Zacks Consensus Estimate in one of the trailing four quarters and missed the same twice, delivering an average negative surprise of 3.58%. This is depicted in the graph below. Estimate Trend The Zacks Consensus Estimate for second-quarter earnings per share of 59 ce ...

BOGOTA, Colombia, Aug. 7, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that, as part of its comprehensive debt management strategy, it will redeem U.S.$250 million of its 5.375% Notes due 2026 (the "Notes") (CUSIP: 279158 AL3 / ISIN: US279158AL39). The outstanding balance of the Notes is U.S.$1.5 billion as of the date hereof. The redemption date of the bonds will take place on September 5, 2024 (the "Redemption Date") at a redemption price equal to, approximately, U.S.$1,014.95 ...

The rating agency highlighted Ecopetrol's solid financial profile, the strategic importance of the Company for Colombia, stable operating metrics, as well as the available cash and continued access to capital markets. On the other hand, according to the agency's estimates, the potential acquisition of assets in the Permian Basin is not expected to significantly affect the Company's credit profile. Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American co ...