Ecopetrol SA Faces Economic Pressures and Operational Challenges Amid Volatile Oil Market
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Ecopetrol SA is facing economic pressures and operational challenges due to rising lifting costs from inflation and foreign exchange depreciation. Despite management's efforts to optimize expenditures, cash generation remains weak compared to peers amid a volatile oil market and lower production in Colombia. The current macroeconomic environment leads to a Sell rating from analyst Caio Ribeiro, who notes that improvements depend on speculative political changes. Ribeiro has a -2.3% average return and a 34.29% success rate on stock recommendations.
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