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The Mystery of Ecopetrol’s 2016 Objective

Wednesday, January 20th, 2016 Category: No Category
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The Mystery of Ecopetrol’s 2016 Objective

Eye on EcopetrolEither Ecopetrol (NYSE:EC) CEO Juan Carlos Echeverry is ‘sandbagging’ his board or the NOC is preparing for some steep production declines in 2016. Otherwise, our calculations make it hard to explain a 755 mboed production target.

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