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Ecopetrol ADR Representing 20 Ord Shs V.EC


Primary Symbol: EC

Ecopetrol S.A. is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company's segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company's Exploration and Production segment includes exploration, development and production activities in Colombia and abroad. The Company's Transportation and Logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, including diesel and biofuels. The Company's main crude oil pipeline systems' operating capacity is approximately 1.34 million barrels per day (BPD). The Company's main refineries are the Barrancabermeja refinery, which it directly owns and operates, and a refinery in the Free Trade Zone in Cartagena that is operated by Reficar S.A., a subsidiary of the Company. The Company also owns and operates two other minor refineries: Orito and Apiay.


NYSE:EC - Post by User

Comment by thunder12on Dec 17, 2009 2:18pm
266 Views
Post# 16597991

RE: Maybe this is the downside

RE: Maybe this is the downsidework ethic has nothing to do with a xmas break. Every contractor no matter where they come from will take a xmas break and then start fresh in january. This is still the same story and those that lost there cool and sold will buy back in hopefully not at a much higher price. You can be sure that when the diamond bit hits the ground in the new year there will be wild swings again it will just take a good stomach and some confidence to wait and hear the numbers. A good hole like 191 metres of 7.43 grams per ton and we won't have to look back on this play and I for one am willing to wait when geology says it could be twice the size of aurelian.
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