As returns on market increase, returns on owning Ecopetrol are expected to decrease at a much smaller rate. During bear market, Ecopetrol is likely to outperform the market.
The median price of Ecopetrol for the period between Thu, Apr 25, 2013 and Sat, May 25, 2013 is 45.91 with a coefficient of variation of 2.57. The daily time series for the period is distributed with a sample standard deviation of 1.2, arithmetic mean of 46.47, and mean deviation of 1.01. The Stock received substential amount of media coverage during this period.
Ecopetrol SA [ECP] is traded on Toronto Stock Exchange in Canada. It is located in Carrera , No.Bogota, and employs 9,701 people. The company currently falls under 'Large-Cap' category with current market capitalization of 93.83 B. Ecopetrol SA operates under Basic Materials sector and is part of Major Integrated Oil and Gas industry. This company has 2.06 B outstanding shares.
Joaquin Uribe Principal, Director, Member of Bus. Committee, Member of Audit Committee, Member of Corporate Governance and Sustainability Committee and Member of Compensation and Nomination Committee
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