Ecopetrol S.A. (EC): A Bull Case Theory

We came across a bullish thesis on Ecopetrol S.A. (EC) on Value Degen’s Substack by Unemployed Value Degen. In this article, we will summarize the bulls’ thesis on EC. Ecopetrol S.A. (EC)'s share was trading at $8.05 as of Oct 28^th. EC’s trailing and forward P/E were 4.59 and 5.44 respectively according to Yahoo Finance.

[caption id="attachment_1211413" align="aligncenter" width="768"] A crowded drilling platform in the Western Canada Sedimentary Basin, the workers handling oil and natural gas equipment.[/caption]

Ecopetrol, Colombia's state-owned oil company, primarily...