Last Friday, Brent closed at US$33.85 by our accounting the lowest weekly closing value since February 2016. Logic and the data suggest things will not get better quickly. The question we focus on here is how companies will react and whether they will be successful.
The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for January 2020. Working and contracted rigs decreased in the first month of 2020.
Ecopetrol (NYSE:EC) said it has everything it takes to be profitable, despite current prices.
Francisco Lloreda, Head of the Colombian Petroleum Association (ACP), spoke about the Ministry of Mines and Energy’s (MinEnergia) fracking decree.
The firm reported positive financial results for the year ended December 31st, 2019.
Parex (TSX: PXT) announced its financial and operating results for year and the fourth quarter 2019. The firm provided price sensitivity to 2020 guidance.
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