Ecopetrol board approves 2013 investment plan Ecopetrol S.A. that its board has approved the investment plan for the year 2013. The total of investments approved is US$9,549M, of which US$6,590M are planned to be invested directly in Ecopetrol S.A. and US$2,959M in affiliates and subsidiaries
Ecopetrol downgraded to Sell from Hold at Deutsche Bank Deutsche Bank downgraded Ecopetrol to Sell after reducing its oil price forecasts. The firm dropped its price target for shares to $11.60 from $13. Ecopetrol was also downgraded this morning to Sell at Goldman Sachs.