⛽ Ecopetrol extends 50 % ADR fee cut: could this spark a stock rally?
Cheaper entry and smoother trading could rekindle interest in the oil giant
Ecopetrol, trading under the ticker EC on the NYSE, has extended its agreement with JPMorgan Chase Bank N.A. to keep a 50 % discount on ADR issuance and cancellation fees through December 31, 2025. The move, which was initially set to expire on July 10, aims to ease access for U.S. investors and improve cross-market flow.
A strategic boost amid energy market uncertainty
Cutting ADR conversion costs by half doesn’t change Ecopetrol’s operations, but it significantly lowers the entry barrier for U.S. investors. By encouraging both institutional and retail participation, this initiative may tighten the price gap between Colombian shares and U.S. ADRs. Amid rising financing costs and liquidity concerns, this measure strengthens the Colombian oil major’s international positioning.