We do not get into financial analysis of individual companies nor are we your source for stock market advice. But we do keep track of how Colombia-focused stocks as a group are doing relative to global indexes because we believe this reflects government policy not individual performance. And we watch what is happening with Ecopetrol (NYSE:ECP) because, although individual performance plays a role, much movement reflects how its principal owner, the Colombian government, views the industry.
Colombia’s President Gustavo Petro says he admires his Mexican peer, Andrés Manuel López Obrador, better known as AMLO. We hope Petro chooses what he learns wisely and not tempted to apply AMLO’s strategy for Pemex to Ecopetrol.