17 May 2012

COLOMBIA / BRASIL : Ecopetrol Overtakes Petrobras 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.