Performance Comparison: Ecopetrol vs Petrobras
Oil majors Ecopetrol (EC) of Colombia and Petrobras(PBR) of Brazil are both controlled by the state. In the past 5 years the ADR performance of these companies have diverged significantly as shown in the chart below: Click to enlarge Source: Google Finance Petrobras had a great run in the past. However the stock has performed poorly especially …
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