ADRUniverse.com

EcoPetrol SA (EC) , the only integrated oil and natural gas company in Colombia, listed its stock today on the New York Stock Exchange as an American Depository Shares (ADS). Each ADS share represents 20 common shares.

In November 2007, the company had a successful IPO in the Colombian stock market raising about US $10B. The initial IPO price of the stock on Nov 26,2007 was Colombian Pesos 1.4000. This Friday it closed at 2.580 Colombian Pesos (CP). Thats a growth of about 84%. So EcoPetrol common has had a tremendous run down in Colombia. As the demand for oil grows and the price of crude goes up and down in this tough market, EcoPetrol is definitely worth watching for a US investor.

The following are some facts about EcoPetrol:

1.EC is already up $5 since it started trading from a low of $22.40. Now it goes for $27.35

2. Revenue was $15B for 12 months ending June 30,2008.

3. The comapny’s logo is an Iguana.

4. Net income in 2007 was $2.57 B compared with $1.68B in 2006.

5. Foreign sales accounted for 28% of revenue in 2007.

For more info visit EcoPetrol’s IR site.

Related Post:

Halo Colombia !

written by admin

Bancolombia (CIB) is the only Colombian stock listed in the NYSE.

A few months ago there was a cover article in BusinessWeek which said that Colombia is becoming “normal” now and that peace is slowly returning to the strife torn country. It even went to suggest that now is a good time to invest down there. So lets take a quick look at this ADR.

CIB is a bank based in Medellin,Colombia with about 700+ branches. It has a market cap of $6.0+ B and a PE of 10.18. Beta is 1.4 and the yield is just over 3%. The 5 year earnings growth is projected to be over 19%.

5-Year Performance Chart

Since Colombia is an emerging country and anytime the drug war may flare up again, you may want to tread carefully into this stock.:-)

Related article:

Bank on Latin America

written by David