http://en.mercopress.com/2012/05/17/colombia-s-oil-company-overtakes-petrobras-as-latam-s-largest-company-in-market-value
It's almost unthinkable...but Bogota's Ecopetrol now has a greater market value than Rio energy giant Petrobras.
Because of recent currency value trends...Ecopetrol's capitalization soared by $37 billion to $127 bn...while PBR lost $32 bn...for a market value of $124 bn.
Petrobras was LatAm's top energy dog...for over a decade.
But...experts also observe that Rio's governmental policies over PBR...contrasts unfavorably with Bogota's market friendly hands-off approach to Ecopetrol.
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