Ecopetrol Considers Equity Options

Ecopetrol Considers Equity Options

Colombia Equity

Though Ecopetrol’s $2.5bn September bond sale leaves it with a strong cash position, the state-controlled oil company will continue to look for financing, President Javier Gutierrez says at the Ecopetrol Investor Day in New York Friday. “We have enough resources for 2013 and part of the 2014. We still have the possibility to go out to the national or international markets for bonds, loans and ECAs and, finally, if we needed additional resources we may consider the possibility of issuing shares,”

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