RE:RE:RE:PRE Agreed. I have been keeping a very close eye on it. I have to run the numbers again, but the dividend must be north of 5% by now. I still think it may drop from here. There is big concern over the Piriri/Rubiales field renewal in 2016.
I think they will get the contract, but will have to make a lump sum payment or alter the terms and carry Ecopetrol for more than they are.
It will be volatile for the next while, but they are a very experienced management team and have huge cash-flow.
I am in no rush, so will look to start a position if it gets below $15.