Ecopetrol SA (EC)
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Correct me if I am wrong, but it looks from their Q2 report that their net income is way down from last year. It also seems like their operating expenses are up. Given that their P/E ratio seems to be based off their year-end earnings in December of last year, it seems like they are way overvalued for the current year.
That being said, it looks like they are very well positioned to turn things around once the oil prices start climbing again.
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I think oil price will increase. I think Ecopetrol will increase its oil production this year
Recs
Colombia economy was heating up when the world recession hit. Great play when world economy rebounds and a hedge against dollar inflation.
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As of today the market cap is 708.26B which is almost DOUBLE of Exxon Mobil. Whoever is buying this stock knows something we don't know.
Recs
note that the market cap shown by yahoo or caps is wrong; google shows it as $30B.

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