|Bid||18.38 x 900|
|Ask||18.39 x 1000|
|Day's Range||18.18 - 18.54|
|52 Week Range||12.86 - 27.96|
|Beta (3Y Monthly)||1.68|
|PE Ratio (TTM)||8.61|
|Forward Dividend & Yield||0.61 (3.09%)|
|1y Target Est||N/A|
The Zacks Analyst Blog Highlights: Royal Dutch, Par Pacific, Precision Drilling, Petrobras and Ecopetrol
Royal Dutch Shell (RDS.A) became the first oil company to link executive pay with carbon emissions, while Par Pacific Holdings (PARR) entered into an acquisition to bolster its downstream operations.
Wall Street closed sharply higher on Tuesday after comments from a top U.S. economic adviser raised hopes for a solution to the ongoing trade war with China
Ecopetrol (EC) intends to invest more than 80% for upstream operations and a significant chunk of it will be allocated to Columbia.
Colombian state-run oil company Ecopetrol said on Tuesday it will invest between $3.5 billion and $4 billion in 2019, slightly above this year as it bolsters spending on exploration and production projects. The investment is the backbone of an ambitious plan to boost production and explore for more oil to replenish dwindling reserves. Ecopetrol expects output next year at between 720,000 and 730,000 barrels per day equivalent, Ecopetrol said in a statement, slightly above the 715,000 to 725,000 bpd targeted this year.
Editor’s note: Below, you’ll find the second installment of Louis Navellier’s series on how he discovered one of the world’s most powerful short-term trading strategies. In yesterday’s essay, I explained how my growth stock evaluation system works. Companies with world-class earnings growth, superior profit margins and huge revenue growth receive “A” grades.
The increase in liquid price realizations and oil equivalent production supports third-quarter results. The surge in operation & projects expenses, however, hurt profits.
Colombian state-run oil company Ecopetrol said on Tuesday that three new bombings of the Cano Limon pipeline have caused contamination in several waterways in the country's northeastern Arauca province. The attacks on Sunday and Monday brought total bombings of the 485-mile (780-km) pipeline to 82 this year. Cano Limon, which can transport up to 210,000 barrels of oil per day, has been out of service for much of 2018 because of bombings and illegal taps and was not functioning at the time of the latest attacks.
Colombian state-run oil company Ecopetrol will likely invest between $3 billion and $3.5 billion in 2019, the same figure as forecast for this year, its chief executive officer said on Thursday. The spending is the backbone of an ambitious plan to boost production and explore for more oil to replenish dwindling reserves. Ecopetrol still plans to reach $3 billion to $3.5 billion in investments this year, though it had spent just $1.79 billion through the third quarter, executives said on an investor call after the company released third-quarter results on Wednesday.
Colombia's state-run oil company Ecopetrol is carrying out a clean-up operation after a bomb attack on the Cano Limon pipeline spilled crude into a waterway, the company said in a statement on Thursday. The attack on Wednesday, the seventy-sixth on the pipeline this year, had no immediate effect on exports or production at the Cano Limon field, operated by Occidental Petroleum, Ecopetrol said. The company did not name the group responsible for the bombing, but the pipeline is a frequent target of National Liberation Army (ELN) rebels.
A new refinery of Sinopec (SNP), with a daily processing capacity of 167,000 barrels of diluted bitumen, will be built in Alberta.
Ecopetrol is the IBD Stock Of The Day as the integrated oil and gas company surges into buy range amid rising crude oil prices.
Oil stocks were rising on concerns about sanctions on Iran, which could trim global supplies. Hurricane Florence off the East Coast added to worries.
A 24-hour strike has stopped oil rigs and affected well maintenance at Ecopetrol's La Cira-Infantas oilfield, Ecopetrol and the USO union say.