The company production in Colombia go well and the capex for 2021 it is good too in that sense my view is bullish, but for short term the better technical formation is if closed the gap (9 nov/2020) and then supported at the 61,8 fibonacci retracement to retake way to the 4 CAD and beyond.
Key level 3,55 / 3,60
This is a Colombian energy exploration and producing company that is very under valued at this point in time. Beaten down by the sector wide effects from crude oil's 60% free fall over the last 8 months, The company has managed the situation well by having long term contracts at fixed prices already in place before the drop in oil prices, The company made a great...
