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Investing In South America - Colombian Stock (Part 8)
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Cyclical Value Investing

Investing In South America - Colombian Stock (Part 8)

End of Ecopetrol and Start of Geopark

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Cyclical Value Investing
Mar 22, 2024
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Investing In South America - Colombian Stock (Part 8)
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Ecopetrol’s Debt

Because debt can be where a capex-intensive company lives or dies, it is worth its section.

The company has issued a 2036-due bond, which was oversubscribed 3.2x, and used it to repurchase a 2025-due bond. So debt schedule is now a lot more manageable.

The recent acquisition of ISA Power and the need for capex growth mean that the compan…

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