On May 1st, Gran Tierra Energy Inc. (TSX: GTE) announced its financial and operating results for the quarter ended March 31, 2018. The company reported a record high average quarterly Colombia production and the firm keeps demonstrating ongoing strong financial performance.
Although this mechanism is new in Colombia, it already works in countries like Peru with positive results, and could change the course of the Colombian post-conflict process.
Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ended March 31, 2018. Average production increased, and the firm reported a positive net income during this quarter. CNE also announced management’s goals for 2018.
Social investment in the oil sector has evolved into a mechanism that allows the integration of environmental and social factors for the benefit of communities.
We are only publishing Ecopetrol’s (NYSE:EC) overall results today but we thought we would get a jump on the analysis by publishing the NOC’s Line of Business results simultaneously.
After years of underperforming global indexes, Colombian-focused companies finally caught one: the TSX’s index of Canadian oil and gas stocks.
Ecopetrol (NYSE: ECP) reported good financial performance in 2017, and prospects for this year are positive as well. Oil prices and the discount to Brent played a key role in this issue, benefiting all Colombians.