Bloomberg News

Colombian Stock Movers: Pacific Rubiales Gains, Tablemac Drops

February 15, 2012

Feb. 15 (Bloomberg) -- The following companies are having unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 12:14 p.m. local time.

The IGBC Index gained 0.4 percent to 14,281.02, while the Colcap Index rose 0.4 percent to 1,680.59.

Pacific Rubiales Energy Corp. (PREC CB), the Toronto-based oil producer that operates fields in Colombia, climbed 0.9 percent to 47,320 pesos after the company reported a natural-gas discovery at its Cotorra well in the lower Magdalena Basin in Colombia.

Tableros & Maderas de Caldas SA (TABLEMA CB), a Colombian wood-products maker, fell 2 percent to 10 pesos.

The company’s fourth-quarter profit may decline 35 percent from a year ago on liabilities that helped pay for the construction of Colombia’s first medium-density fiberboard production plant, according to an e-mailed report today from Celfin Capital.

--Editors: Glenn Kalinoski, Brendan Walsh

To contact the reporter on this story: Blake Schmidt in Bogota at bschmidt16@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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