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Ecopetrol 1Q13 results: general causes or special causes?

Monday, May 6th, 2013 Category: Eye on Ecopetrol
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Ecopetrol 1Q13 results: general causes or special causes?

Ecopetrol’s results always grab our attention because they come out first. It is tempting to think of them as a bellwether for the industry if only because of the weight the state-owned-enterprise (SOE) has in total Colombian market calculations. So when the giant disappoints, as it did in 1Q13, it is worth asking the question if the causes are common to the industry in general or are unique to Ecopetrol.

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