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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

Post by dudediligenton Feb 23, 2010 10:16am
381 Views
Post# 16810318

Re-tracement Expected

Re-tracement ExpectedIt's no surprise that people are taking profits from this level as the rise was overdone. Never saw a stock rise by that percentage before without actual assays. Sure they have drilled into some mineralization but the grades are the key.
Low grade and this SP flops, look at PEM this morning for evidence of that. So risk is much greater the higher the SP is before assays come out. Just comes down to your risk tolerance.
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