News and AnalysIs for

There were a number of recent articles – of which we pick on ones from La Republica and Dinero from last week – to say that Colombian investors were streaming out of Ecopetrol and into Pacific Rubiales. The reasons were increases in Pacific Rubiales’ production and reserves, flat reserves and concerns about production in 1Q13 for Ecopetrol. All this is true so the logic is impeccable. The graph shows that perhaps investors are not as responsive to this logic as the articles suggests.

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