Colombian oil company rebounds on 'overdone' covenant worries

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Colombian oil company rebounds on 'overdone' covenant worries

Oliver West
January 15, 2015 10:00 PM
Colombian oil
COLOMBIA Industry Oil Exploration Guavio 1 1959 the first wildcat exploration oil rig on the edge of the Llanos in foothills of Cordillera Oriental. Texaco drillers found oil and this well was forerunner to large oil discoveries in 1980s | Press Association Images

Bond investors said a sell-off in Colombian oil company Pacific Rubiales Energy was overdone, saying fears that the borrower was going to breach its covenants on the back of low oil prices were misguided.

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Oliver West
US Bureau Chief - Latin America Editor
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