Investorideas.com – big ideas for global investors Search www.investorideas.com
   Members       Sign-up       Newsfeeds        Companies        Stock Directories       Research       Video       Funding   




Daily Colombian Equities Bulletin and Fundamentals 7-15-14

July 15, 2014 (www.investorideas.com newswire) The Colcap index closed at 1,680 points (+0.4%). Total turnover reached USD 96 mn. The best performers were Enka (+2.8%), PfGrupoSura (+2.6%) and BVC (+2.6%). On the other hand, the worst performers were Pacific Rubiales (-5.2%), Mineros (-2.1%) and Cemargos (-2.0%).

Colombia Today

Isagen:

The Minister of Finance announced that the auction to sell Isagen will be held on August 20. Source: Bloomberg

Ecopetrol | Pacific Rubiales:

Pacific Rubiales' executives will meet today at 6 pm with Ecopetrol officials to discuss the test results of the Synchronized Thermal Additional Recovery technology, or STAR, which is designed to increase flow by heating oil in the well. Pacific said in a statement today that the STAR pilot successfully met its objectives based on 18 months of tests. However, Pacific Rubiales fell to an eight-week low on concern tests of its oil-recovery technology won't be enough to persuade state-owned producer Ecopetrol to use it in Colombia's largest field. Source: Bloomberg

In a press release, Pacific Rubiales confirmed that will continue developing the STAR technology as an alternative to increase oil reserves in Colombia and presents evidence under which should take the decision to move forward with STAR project. Source: SuperFinanciera

The press release was published after it was known from the page of the Colombian Senate; that the STAR project did not meet the minimum requirements to be use as a tool to obtain a production contract with Ecopetrol after their contract expires in mid-2016. Source: Colombian Senate Webpage

4G Concessions:

The Mario Huertas-Meco group beat Shikun & Binui-Grodco in the bidding for the award of the Highway Conexión Pacífico 3. The project CAPEX is of COP 1.2 trillion and it's the third contract won by this group in the 4G Concession. Source: Portafolio

Bancolombia:

Bancolombia announced unconsolidated results for the month of June 2014. Bancolombia's non consolidated net loans grew 8.4% A/A and accumulated net income increased 7.13% vs. same period last year. Source: Bloomberg

Conconcreto:

Conconcreto in partnership with the School of Engineering of Antioquia began the construction of Conconcreto's Innovation Center, a space in which young entrepreneurs will receive an academic and experimental training in the construction sector. Source: Portafolio

Corredores Asociados S.A. Comisionista de Bolsa is not responsible for investment decisions that may be derived from the information and analyses presented in this document. These decisions, their effects and consequences will be the sole responsibility of the investor. The information published is informative and has been taken from reliable sources, but Corredores Asociados S.A. does not guarantee that they are free of errors. Total or partial reproduction of this document is not allowed without the prior and express authorization of Corredores Asociados S.A.

To View Complete Report: 7-15-14

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.


Free News Alerts
Email:  


Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner

TOP

Investor Ideas © 2000 - 2015 InvestorIdeas.com®, ECON

 

login | logout | about us | contact | disclaimer / disclosure |
partners / links | job search | privacy policy |
advertise | trade | sitemap |