EC was recommended by Global Investing at $43.75 in Investment Digest issue 680, dated October 6, 2010.
“Ecopetrol S.A. (EC) was downgraded from neutral to sell by Citigroup Friday and the stock closed down on high volume. The shares are up 56% from their last year low. A heap of new Colombian stocks are going to hit the market and this may hurt EC which is already trading marginally above the analyst consensus price target. I suggest we sell half.”
- Vivian Lewis, Global Investing, June 22, 2012