Ecopetrol SA is trading 6.6% up at $17.67 after Colombia elected Abelardo de la Espriella, a pro-hydrocarbon presidential candidate who has pledged to reactivate the state-controlled company and boost the hydrocarbons sector.
- The stock saw significant pre-market momentum, trading roughly 8% higher near $17.90 as news of the election results broke.
- Investors are actively repricing the equity in anticipation of a more supportive energy policy environment and a strategic pivot toward sector growth in Colombia.