Buy $EC - NRPicks 28 Mar
Updated
Ecopetrol S.A. operates as an integrated oil and gas company. The company operates through Exploration and Production; Transportation and Logistics; refining, petrochemical and biofuel segments. It is engaged in the exploration, production and sale of oil and gas. It also transports and distributes hydrocarbons and by-products.
An oil giant in Colombia that despite a decline in its income and profits during 2020, is estimated to increase its profits from 228% by 2021 as the global economy is re-opened.
EC has just announced its plan to achieve zero carbon emissions by 2050, reducing direct and indirect emissions from energy purchases by 25%, and reducing total emissions associated with the value chain by 50%.
- Revenue 14B
- EBITDA 2020 4.54B
- P/S 1.69
- Dividend Yield 7.01%
Technical:
- Uptrend
- Potential focus on the Energy sector
- Average RSI levels
- Price 10% above MA50
- Possible Breakout at $14
An oil giant in Colombia that despite a decline in its income and profits during 2020, is estimated to increase its profits from 228% by 2021 as the global economy is re-opened.
EC has just announced its plan to achieve zero carbon emissions by 2050, reducing direct and indirect emissions from energy purchases by 25%, and reducing total emissions associated with the value chain by 50%.- Revenue 14B
- EBITDA 2020 4.54B
- P/S 1.69
- Dividend Yield 7.01%
Technical:
- Uptrend
- Potential focus on the Energy sector
- Average RSI levels
- Price 10% above MA50
- Possible Breakout at $14
Trade closed: stop reached
21 Abr
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