Bloomberg News

Colombian Stocks: Ecopetrol, Helm, Petrominerales Were Active

June 26, 2012

The following companies had unusual price changes in Bogota trading. Stock symbols are in parentheses, and prices are as of the market close.

The IGBC Index (IGBC) rose 0.5 percent to 13,141.90, while the Colcap Index increased 0.1 percent to 1,595.32.

Petrominerales Ltd. (PMGC) , a Calgary-based oil company that operates in the Andean region, gained 6.6 percent to 21,100 pesos. Petrominerales said in a June 15 statement that it would pay a cash dividend of C$0.125 per share on July 16. Starting tomorrow, shares will be traded without entitling the buyer to receive the dividend.

Petrominerales was named one of the Top 25 dividend stocks by Canada Stock Channel, according to Forbes.

Helm Bank SA (PFBHELMB) , a Colombian lender, slumped 4 percent to 475 pesos, the lowest since June 5. Chile’s Corpbanca won’t be bidding for Helm, the company’s president, Jorge Andres Saieh, said in an interview published by Chile’s Diario Financiero yesterday. Corpbanca confirmed in an e-mail that the company wasn’t participating in a Helm takeover.

Other oil producers gained as crude advanced in New York. Brent crude’s premium to New York futures widened the most in four months.

Ecopetrol SA (ECOPETL) , the country’s largest oil company, increased 1.1 percent to 4,905 pesos. Pacific Rubiales Energy Corp. (PRE) , which operates the country’s largest oil field, advanced 0.5 percent to 37,180 pesos. Canacol Energy Ltd. (CNEC) , the Calgary-based oil company that operates fields in Colombia, rose 1 percent to 828 pesos.

To contact the reporter on this story: Christine Jenkins in New York at cjenkins28@bloomberg.net

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


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus