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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 dudediligenton Apr 15, 2010 12:41pm
328 Views
Post# 16995609

RE: smart money loading up

RE: smart money loading upSold this for a small profit after picking it up in the low 30's as it seemed to be weakening. Good thing as the recent drill results must have been inside market knowlege indicating the weakness. Pick some up again today as the chart is indicating an oversold level and at this price the downside risk is minimal. Don't see it going much lower from here if at all. Might be a good hold until they drill that last hole, you never know. Could catch the market with its pants down as we all know EC is showing the marks of a mean spanking. 
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