Bloomberg News

Colombia Stocks: ISA, Pacific Rubiales Energy, Canacol Energy

April 03, 2012

The following companies had unusual price changes in Bogota trading. Stock symbols are in parentheses, and prices are as of 3 p.m. local time.

The IGBC Index (IGBC) fell 0.2 percent to 15,003.53 while the Colcap Index (COLCAP) was little changed at 1,741.87.

Interconexion Electrica SA (ISA) , Latin America’s biggest power-line operator, known as ISA, rose 0.2 percent to 11,100 pesos. The Medellin-based company said in a regulatory filing yesterday that it plans to bid for a $900 million transmission project in Chile.

Oil producers fell following a drop in crude after a report showed that U.S. factory orders climbed in February less than economists projected.

Pacific Rubiales Energy Corp. (PRE) , the Toronto-based oil producer that operates fields in Colombia, dropped 2.2 percent to 50,100 pesos.

Canacol Energy Ltd. (CNE) , the Calgary-based oil company that operates fields in Colombia, slid 1.4 percent to 1,400 pesos. The shares have plunged 14 percent since the company said in a March 30 statement that it abandoned an exploration well in Colombia after finding fresh water and “slight traces” of oil.

To contact the reporter on this story: Andrea Jaramillo in Bogota at ajaramillo1@bloomberg.net

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


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