Tuesday, January 24, 2012

Ecopetrol: The Petrobras of the future

Ecopetrol is a buy. The Colombian state owned energy company found massive, easily recoverable reserves. The earnings growth rate is tremendous for this company and it can actually increase as more wells come online.

Moreover, Colombia is a much more attractive place to invest than just a few years ago.

"Per capita GDP in Columbia has doubled since 2002, largely due to increased investor confidence in the country’s political stability. Columbia has seen a 90% drop in kidnappings and a 46% decline in murders over the past ten years."

What better pitch for a company is that?

The author bought at $50.50.

1 comment:

PENNY STOCK INVESTMENTS said...

Their ae some interesting stocks in south america. Columbia is not the best place to be head quartered.