Energy Summary for Sept. 4, 2025
2025-09-04 19:14 ET - Market Summary
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Last week rumors came out that Ecopetrol was wanting to buy CNE at inflated prices due to their key gas concessions and the shortage of concession with the ban on new concessions since 2022 and that a NDA had been signed. One company said no comment on the the NDA rumors the other denied it. But CNE jumped big. This week this came out
"Mónica de Greiff, Ecopetrol’s board chair, confirmed the NDA in an interview on Caracol Radio on September 3, 2025, as reported the same day and subsequently by multiple outlets. These reports specify that the NDA was “recently” signed to enable information exchange for a potential negotiation between Ecopetrol and Canacol."
Last week rumors came out that Ecopetrol was wanting to buy CNE at inflated prices due to their key gas concessions and the shortage of concession with the ban on new concessions since 2022 and that a NDA had been signed. One company said no comment on the the NDA rumors the other denied it. But CNE jumped big. This week this came out
"Mónica de Greiff, Ecopetrol’s board chair, confirmed the NDA in an interview on Caracol Radio on September 3, 2025, as reported the same day and subsequently by multiple outlets. These reports specify that the NDA was “recently” signed to enable information exchange for a potential negotiation between Ecopetrol and Canacol."