Bloomberg News

Colombia Stocks: ISA, Pacific Rubiales Energy, Canacol Energy

By Andrea Jaramillo
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

Business Exchange: What your peers are reading.

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus