Possible Buyer?Accordingl to Scotiabank's Daily Edge report dated August 15, Ecopetrol (Columbia's national oil company) reported record Q2 EBITDA margins and demonstrated "strong cash flow generation" and "...production that supports an improvement in capital efficiency along with higher potential FCF."
Longer term, Scotia is somewhat cautious on Ecopetrol given its short Reserve Life Index and "lack of material reserve replacement visiblity".
Given this profile, Parex assets would seem a good complement to Ecopetrol's current holdings.