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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 Fischlaenderon Mar 01, 2009 7:29am
299 Views
Post# 15811782

Message to EC management

Message to EC management...which I just submitted.
I mean, i do not expect any response as my previous countless much friendlier requests for infos or updates were totally ignored, but who knows...

Dear EC management,
after several so far fruitless efforts to get any sort of answer or feedback from You I would really really like to know why we ordinary shareholders seem to be of no interest to You.
I can only assume You are too occupied with ripping us off (diluting us at ridiculous low option prices), maybe selling off the assets behind our backs and cashing in the proceeds or god knows what..?
I have so far never invested in a company that did less communication with shareholders than Yours, congrats for that "achievement".
I am currently working as a legal consultant on the Balcans and I am seeing a lot of corruption and lack of transparency around. With the Company's current attitude You might fit in very well, actually.
So frustrating...
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