ACP as a source of information
GREMIO
Source: La República
Date: July 08
Headline: The participation of the AFP in the BVC, the lowest in almost five years
After eight months in which local pension and unemployment fund managers (AFP) remained the main net buyers in the stock market, in June they recorded a net selling position ($30.105 million). (…) The trading of shares in June. According to the figures reported by the Colombian Stock Exchange (BVC), the most traded shares in the last month of the first semester were the preferred shares of Bancolombia ($552.751 million), Ecopetrol ($470.998 million), and the preferred shares of Grupo Aval ($230.916 million).
Source: El Colombiano
Date: July 08
Headline: The Colcap index starts today at 1,131.84 points
In yesterday's trading on the stock exchange, the main indicator rose 0.21 %. The most traded species were; preferred Bancolombia, Ecopetrol, and Grupo de Energía de Bogotá (GEB). The ones that observed the highest appreciation were: Enka (5.26 %), Grupo Bolívar (4.88 %), and Cementos Argos (3.27%). Ecopetrol fell by 2.37%.
Source: Vanguardia Liberal
Date: July 08
Headline: Local producers seek their opportunity
A total of 43 entrepreneurs from the meat, fishing, groceries, fruits, and bakery sectors, among others, participated in the networking event supported by the District Mayor's Office, the Chamber of Commerce of Barrancabermeja, and Ecopetrol. The commercial exercise was conducted before the company Compass Group Service, which has the food contract for Ecopetrol in the city. For a period of 8 hours, each of the merchants had the opportunity to present their portfolio to the foreign firm. “A clear goal between the Mayor's Office and Ecopetrol is to conduct a thorough review of all the capabilities available in Barrancabermeja to offer to the company in all its lines of work,” said Mayor Alfonso Eljach.
Source: La Opinión
Date: July 08
Headline: Ocaña Mayor's Office receives biosecurity elements
The Ecopetrol Group and its subsidiary Cenit, in their social responsibility with this region of the department, deliver biosecurity elements used for comprehensive care during the pandemic to the municipality of Ocaña. The donation is made possible through the efforts of the mayors of the region with the Colombian Petroleum Company. The first mayor of Ocaña, Samir Casadiego, thanked the Ecopetrol Group and its subsidiary Cenit for this contribution to the care of life. The elements will ensure the protection of officials from the Public Health area and the State Social Enterprise hospital Emiro Quintero Cañizares, who will also benefit from the aid.
Source: El Frente
Date: July 08
Headline: Oil operation resumes in the corregimiento El Centro
After eight days of dialogue and with the good disposition of the community in this rural area and the directives of Ecopetrol and Occidental Colombia, operations in the La Cira – Infantas field were restored this Monday, July 6. The community of the El Centro district, in Barrancabermeja, Santander, reaffirmed that unity is the way, which made it possible to sign an important agreement between the communities of this rural area, Ecopetrol, and Occidental Andina, which will boost the economy and allow for the support of various social projects. “Communities and Ecopetrol, with the support of our District Mayor's Office, have achieved the reactivation of the La Cira – Infantas project for the benefit of the communities, for greater employment opportunities and for something very important to always prevail in our city: dialogue, unity, and a path where we can all work together to move our city forward,” expressed Mayor Alfonso Eljach.
Source: pacocol.org
Date: July 08
Headline: Today the March for Dignity arrives in Fusagasugá
At the Suragao Indian monument in the municipality of Fusagasugá, Cundinamarca, different social, political, cultural organizations, and the general public will gather this Wednesday, July 8, 2020, starting at 4 PM, to welcome the members of the March for Dignity, a citizen protest that started from Popayán, Cauca, on June 25, which has traveled through several cities in a journey of over 500 kilometers, concluding in the coming days in the capital of the Republic. (…) They will continue the mobilization through streets and avenues to the San Juan de Dios Hospital where they will participate in a defense day for that institution, from there they will continue to the Manuel Gustavo Chacón Square, in front of the Ecopetrol facilities, at 4 PM to attend an event in defense of the Colombian state oil company.
Topics
Source: El Espectador
Date: July 08
Headline: Tasajera demands answers
Tasajera, in Puebloviejo, on the shores of the Ciénaga Grande de Santa Marta, is in the midst of two tragedies. The first, the most visible, which awakened the entire country, was the explosion of a tanker truck that has so far left 13 people dead and dozens more injured, with severe burns. The second, the older one, is that of social inequality, state abandonment, and the lack of opportunities for a fishing population that over the years has been left without means to survive and without answers to their complaints. Colombia, which sits at the table with the richest countries in the world in the OECD, is far from being able to celebrate victory when there are so many people suffocated by poverty, when there are so many similar populations scattered across our geography, abandoned by the promises of “progress.”.
Source: La República
Date: July 08
Headline: The price of Brent oil fell to US$43.08 and WTI reached US$40.62
Oil prices experienced devaluations amid concerns about an increase in new COVID-19 cases in the United States, which could harm the recovery of global fuel demand. According to the latest closing from Reuters, the barrel of Brent oil, a reference for the Colombian market, fell 0.05% to US$43.08, while WTI dropped 0.02% to US$40.62. All this despite the fact that, recently, Saudi Arabia raised crude oil selling prices and signaled that it expects demand to rebound.
Source: La República
Date: July 08
Headline: Proposals for economic recovery
The labor market is one of the structural blemishes of the economy, and the crisis generated by the pandemic has worsened the unemployment situation, which is why the country's leading economists are calling for a structural labor reform to be made as soon as possible to update the system (…) How to stop depending on oil? I don't think that is a dilemma we should be concerned about now, because naturally we must support the exports of products other than hydrocarbons, but also promote both. We must also ensure that hydrocarbon production does not decline in the country, nor that of gas.
Source: Portafolio
Date: July 08
Headline: Colombian market, attractive for investment
The crisis caused by the coronavirus has generated uncertainty and fear in the financial markets, which according to an analysis by Grupo Bancolombia is an “overreaction to negative economic news amid the panic” due to covid-19, opening up investment opportunities in several stocks on the Colombian Stock Exchange. (…) “One of the reasons may be the greater sensitivity of our economy to oil prices, or perhaps the low levels of liquidity in our stock market. Regardless of the reason, we believe that there is value in Colombia, and that at some point this should be reflected with a recovery of the Colcap index.” The financial group states that with a stable oil price and a Representative Market Rate, “we believe that the market becomes attractive again for foreign investors, which, combined with the possible listing of Colombian companies in Chile and Chilean companies in Colombia for the second half of the year, could serve as a catalyst for new investors to arrive and take advantage of market prices.”.
Institutional
Source: Portafolio
Date: July 08
Headline: Gold, copper, and oil, the priority
In an interview with Portafolio, the new Minister of Mines and Energy, Diego Mesa, made it clear that he will continue to push forward with the development of renewable energy projects initiated by his predecessor, and that he will also give greater dynamism to the mining and oil sectors. The official emphasized that the roadmap in the portfolio he leads will now focus more on extractive tasks such as large-scale mining projects and tasks for the production of crude oil and gas in the national territory. (…) Shell and Noble Energy are the first to begin these tasks in the waters of the Caribbean Sea at the end of this year or the beginning of next. (…) How will the ‘fracking’ pilots be energized to validate the potential in hydrocarbons and the real impacts of the technique? (…) The Ministry of the Interior will issue for comments a regulation with guidelines for the relationship with the territory. And finally, the ANH also published for comments an Agreement that defines contractual issues.
Colombian Association of Oil and Gas