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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 greenpastureon Jan 12, 2010 10:20am
250 Views
Post# 16667961

RE: RE: The Gap

RE: RE: The GapDon't think so unless something happens that I am not aware of.  The share price may pull back a bit  with a few extra costs, slight retrace in a bull market for a few days, and the fact EC goes .01 off a 1.25 high yesterday and sold down. Until 1.34 gets wiped out, EC will float back and forth between .90 and 1.30.  I did not think the 1.12 support of the 7th would be taken out but will take it as a buying opportunity. The bids remain strong between .95 and 1.00. I like this one and will always have a core position in 2010.
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